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We explore the traits that characterize the codes of conduct with the aim to understand the parameters of responsibility and ethical performance that Colombian oil companies define for themselves and for their stakeholders. The paper is exploratory and descriptive and uses the method of multiple case study. The codes are grouped in three blocks according to their structure. We show the philosophical roots of codes. Codes of global companies are extensive and legal. Local companies with international ambitios have less extensive codes, but maintain their legal nature. Codes of small local enterprises are short and mission-focused by this tone. Virtually all codes have their roots in utilitarian ethics. [ABSTRACT FROM AUTHOR]