Financial Times FT.com

Oil majors rebuked for lack of transparency

By Michael Peel in London and Hugh Williamson in Berlin

Published: April 28 2008 03:00 | Last updated: April 28 2008 03:00

Most leading oil multinationals fall well short of best practice on revealing financial data and combating corruption, a survey unveiled today by Transparency International, the anti-graft group, claims.

The research says western companies such as ExxonMobil, ChevronTexaco and BPrank as middling or poor performers on voluntarily disclosing information about their operations - alongside China National Offshore Oil Corp, Russia's Lukoil and Petronas of Malaysia.

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