The Global Petroleum Industry: Varied Ethical Factors Encountered by International Oil Companies
Date: Wednesday, February 6, 2019
Time: 3:15 to 5:00 PM
Place: University of South Carolina Beaufort (USCB) Hospitality Center
One Sand Shark Drive (Formerly 21 Office Park Road), Hilton Head
Presenter: Carlton Dallas
Moderator: Isam Sakati
The global petroleum industry presents many ethically ambiguous challenges to the company leaders, employees, its shareholders and citizens of the country in which they are located.
Depending on one’s linkage to the petroleum industry, disparate points of view on ethical and unacceptable ethical behavior might arise, creating a complex set of circumstances to be navigated by international oil companies.
Some key questions, baseline assumptions and determinants:
1) What loyalty/allegiance does a multi-national company have? Do American-headquartered companies have greater responsibility to the U.S. than -- for example -- companies the UK, Angola or Ireland?
2) What should be the drivers of that prioritization of loyalty? Revenue / Profit? Local acceptance/approval? Sensitivity to local customs?
Presenter: Carlton B. Dallas attended the University of North Carolina-Chapel Hill (UNC-CH) and is a graduate of the University of Maryland. Carlton has completed additional executive programs at Cornell, the University of Chicago, the Center for Creative Leadership and the Young Executive's Institute at the UNC-CH. He enjoyed an exciting career in the global petroleum industry starting as a 3rd shift clerk and rising to the position of CEO for a 17-country, $500 million Chevron subsidiary headquartered in Bridgetown, Barbados and ultimately as Regional Director for a 33-country, $13 billion region based in Cape Town, South Africa.
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