Beyond the Rhetoric: Measuring revenue transparency — Company performance in the oil and gas industries
This report compares the revenue transparency of oil and gas companies, identifying leaders and laggards across six countries.
- Published
- April 2005
Oil and gas companies have generated enormous wealth. But rather than improving the lives of ordinary people, these revenues have often fuelled wars and corruption, weakened economic development and worsened poverty.
Children are most vulnerable to the devastating impact of these conflicts, and the resulting chronic under-investment in health and education.
There has been growing recognition that the way to improve the responsible use of these revenues is to increase the accountability of governments and companies.
This has resulted in initiatives such as the Publish What You Pay campaign and the Extractive Industries Transparency Initiative (EITI).
But beyond the rhetoric, how much progress is really being made? Who is being transparent and who is not?
This report focuses on company performance. It compares the revenue transparency of oil and gas companies, identifying leaders and laggards across six countries. It also presents a measurement framework that points the way towards a 'gold standard' for company disclosure.
It should be read in conjunction with another report, 'Home government requirements for disclosure in the oil and gas industries', which applies a similar framework to home countries in which these companies are registered or raising capital.
Download Beyond the Rhetoric (PDF 861 KB)
