TABLE OF CONTENTS
LIST OF TABLES AND GRAPHS ABBREVIATIONS AND ACRONYMS GLOSSARY
4 4 5
EXECUTIVE SUMMARY INTRODUCTION 1. Reversing the resource curse: the vital role of transparency 2. Why focus on company disclosure? METHODOLOGY RESULTS 1. International Oil Companies (IOCs): proactive disclosure drives good performance 1.1 IOC reporting is strong on anti-corruption programmes but weak on payments to host governments 1.2 How IOCs implement transparency: more disclosure of policies and management systems than of performance 2. National Oil Companies (NOCs) operating at home: listing requirements drive disclosure 2.1 NOCs report most on operations, regulation and procurement issues, less on payments to governments 2.2 NOCs disclose revenue transparency performance 3. IOC and NOC trends 4. Company actions matter more than local conditions: in-country analysis 5. The ‘EITI effect’ remains limited but holds promise 6. The quality of access to information: disclosure and reporting formats KEY FINDINGS RECOMMENDATIONS CONCLUSION
7 10 10 12 13 15 16 17
20 20 20 22 23 24 27 29
ANNEXES 1. Company and country selection criteria 2. Detailed Methodology 3. Research Process: a participatory, multi-stakeholder approach 4. Questionnaire 5. Data and Data Annotations 6. Sources of company information 7. Examples of reporting formats 8. Comparison with Save the Children Companies Report 2005 9. Data review protocol
30 32 37 40 54 66 70 74 76
18 18 19