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IPIECA is governed by a General Committee of senior representatives from all IPIECA member companies and associations. It meets twice a year at IPIECA's Annual General Meeting and Extraordinary General Meeting to set the strategic direction and budget for the organization.

The General Committee is supported by an Executive Committee, which meets three times a year. The Executive Committee is composed of 18 representatives from member companies and is responsible for the association's overall strategy and direction. It provides guidance on policy, work plans and priorities, budget and communications for IPIECA. 

The work of IPIECA is supported by a number of specialist working groups through which members actively participate. These groups draw on the skills and experience of our international membership and operate with support from the IPIECA secretariat. 

IPIECA currently has working groups in: biodiversity and ecosystem services, climate change, fuels and products, health, oil spill preparedness, reporting, social responsibility, and water.

IPIECA is funded by member companies via an annual contribution according to a formula based on relative production and geographic spread of operations.  

IPIECA's Executive Committee

Rupert Thomas, Shell (Chair) Edison Petrobras
Julia Martin, Chevron (Vice Chair)  Eni Petronas
Morten Mikkelsen, Statoil (Vice Chair) ExxonMobil Repsol
BP Hess  Saudi Aramco
ConocoPhillips IPIECA Total
CNOOC Nexen Noble Energy Tullow Oil