2008, Transparency International
The 2008 Report on Revenue Transparency of Oil and Gas Companies evaluates 42 leading international and national oil and gas companies operating in 21 countries, based on the transparency of their reporting, particularly on payments made to governments for resource extraction rights.
The report, based on data made publicly available by companies, categorises companies into high, middle and low performers. Only a third of companies evaluated in the report are considered high performers.
The 2008 Report on Revenue Transparency of Oil and Gas Companies makes four key recommendations:
- Companies should proactively report revenues paid to governments on a country-by-country basis;
- Governments, stock exchanges and regulatory agencies should urgently consider mandatory reporting for companies operating in-country and abroad;
- Governments from oil and gas producing countries should introduce legislation mandating revenue transparency by all companies operating in their territories;
- Regulatory agencies and companies should agree to publish information in a uniform and accessible format, one that facilitates both comprehension and comparability.
