COUNTRY-LEVEL DISCLOSURE ON INTERNATIONAL OPERATIONS – COMPARATIVE PERFORMANCE
WOODSIDE
STATOIL
q.43
q.41
q.44
q.41
q.44
q.41
q.44
q.38
PETROBRAS
q.42
q.45
q.43
q.45
q.43
q.41
q.44
q.41
q.44
q.41
q.44
q.38
WINTERSHALL q.42
q.46
OMV q.37
q.37 q.42
q.46
q.42
q.46
q.45
q.43
q.45
q.43
q.45
q.43
q.41
q.44
q.41
q.44
q.41
q.44
q.38
q.39
BP
BHP
q.37
q.37 q.42
q.46
q.38
q.40
q.39
LUKOIL q.37 q.42
q.38
q.40
q.39
q.46
q.39
q.39
q.37
q.38
q.40
q.38
q.40
q.39
AVERAGE
q.42
q.42
q.46
q.42
q.46
q.43
q.40
q.46
q.37
q.37
q.45
TRANSFERS
TALISMAN
q.39
HESS q.46
q.38
q.40
q.39
q.37
q.37
q.38
q.40
q.37 q.42
q.46
q.42
q.46
q.45
q.43
q.45
q.43
q.45
q.43
q.45
q.43
q.45
q.43
q.45
q.43
q.41
q.44
q.41
q.44
q.41
q.44
q.41
q.44
q.41
q.44
q.41
q.44
q.38
q.40 q.39
40
q.45
ENI
FINANCIAL DATA
NEXEN INC. q.42*
q.43
CONOCO
q.37 q.46
q.45
q.40
How to read the spider-webs: Each spider-web illustrates the performance of one company as relative to the analysed sample. The average line (black dotted line) indicates the border between under- and overperformance. The large coloured areas indicate better than average performance of a company. If a company’s result is on the average line, it performed equal to the sample’s average. If a coloured area is smaller than the average line, the company’s performance was poor. For example, Statoil outperformed strongly on transfers to governments, while it had below-average reporting on other financial data (except for revenues, q.38) and on reserves (q.46). The scale is equal for all diagrams. *question number
q.42
q.46
q.43
q.39
OPERATING DATA
q.37 q.42
q.46
q.45
q.40
Based on this approach, we calculated each company’s relative performance for each question from the section on country-level disclosure on international operations (for the 31 multi-country producers). In order to make the results clearer the questions were grouped into three categories: transfers to governments, financial data and operating (technical) data. The companies were then ordered according to their overall ranking in the section (the ranking on international operations; see Diagram 15 at the beginning of this section).
REPSOL YPF q.37
q.42
q.46
Another way to look at companies’ performance on country-level disclosure is to evaluate their performance relative to the sample. For example, if a company scores 50 per cent on question 40 (development and exploration costs) and 50 per cent on question 45 (production volumes), and the sample averages for these questions are 11 and 71 per cent respectively, then on the first question the company outperforms the sample, while on the second question it underperforms – although it was awarded the same scores for both questions.
Diagram 24 Country-level disclosure on international operations relative performance
MARATHON q.37
q.38
q.40 q.39
q.38
q.40 q.39
Transparency International
q.38
q.40 q.39
Promoting Revenue Transparency
q.38
q.40 q.39
q.38
q.40 q.39
41