LOCAL INVESTMENT Whiting makes every effort to competitively bid high-volume and frequently purchased goods and services while consolidating awarded goods and services over a period (e.g., quarterly, semi-annually). This practice helps support small, local suppliers and contractors by providing scheduling and financial certainty. These commitments can also help local suppliers with employee retention and business planning. Whiting hires locally from reputable small businesses, with employees who live in the communities near our operations. In 2019, we began collecting vendor demographic information to help quantify the impact we have on the communities in which we operate. All statistics are self-reported by the vendors when registering with Whiting • COMMUNITY ENGAGEMENT AND SUPPORT: 85% of the vendors we work with have primary offices or are headquartered in the states in which we operate. • COMMUNITY ECONOMIC AND JOB GROWTH: 39% of our vendors were established in the last 10 years. • SUPPORT OF DIVERSE BUSINESSES: 44% of our vendors self-identified as a diverse business.
• SMALL BUSINESS SUPPORT IN THE COMMUNITIES IN WHICH WE OPERATE: • 61% of our vendors have less than 50 employees. • 73% of our vendors reported as having less than 100 employees. • 68% of our vendors have less than $10 Million in revenue per year.
This local engagement has helped Whiting maintain strong relationships with our employees, suppliers and communities that have become an essential part of why and how we do business.
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