Former Interior Deputy Violated Ethics Rules with Unauthorized Oil Stock Holdings

Tommy Beaudreau held ExxonMobil and Chevron stocks in violation of federal ethics laws and participated in a related regulatory meeting, according to an Inspector General report.

• Tommy Beaudreau, former Deputy Secretary of the Interior, violated federal ethics laws by not monitoring his investments in ExxonMobil and Chevron stocks.
• Beaudreau's financial adviser purchased the stocks without his authorization in June 2022, and he remained unaware of the investments until June 2023.
• Despite owning these stocks, Beaudreau participated in a regulatory meeting in June 2023 that affected both ExxonMobil and Chevron.
• Upon discovering the unauthorized stock purchases, Beaudreau immediately instructed his adviser to sell the stocks and reported the issue to the Designated Agency Ethics Official.
• The Office of Inspector General concluded that Beaudreau failed to comply with his Ethics Agreement and violated federal conflict of interest statutes.

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