Misund, Bård; Osmundsen, Petter; Sikveland, Marius - CESifo - 2014
This paper studies financial statement information from the 50 largest international oil and gas companies during 1992 …. Furthermore, the value relevance of oil and gas reserves is different among successful efforts and full cost companies. Larger … significantly lower for integrated companies than for pure upstream companies. We also find that the value relevance of oil and gas …