Collaborating with our supply chain is a business imperative, as the way our suppliers and contractors conduct their business reflects on us and affects our ability to meet business and sustainability objectives.
We spend in excess of $3 billion per year on materials and services. Eighty percent of our procurement spend is with almost one and a half percent of our approximately 13,500 materials and services suppliers.
Strong supplier relationships are important to our business success. We believe in doing business with suppliers who demonstrate high standards of ethical business conduct and who share our commitment to safety, reliability and quality.