Extractive Sector Companies Listed on Global Stock Exchanges

As countries develop rules requiring oil, gas and mining companies to disclose key financial data on a country by country basis, Revenue Watch has researched 35 global stock exchanges, to document the significance of these companies in global financial markets.

In many developing countries, natural resources account for the largest share of exports and revenue, but too often resource wealth also brings problems that actually hinder development. Oil and mining windfalls can slow the growth of other industries, and secrecy regarding company payments to governments can enable large-scale embezzlement and corruption.

In July 2010, the United States took an historic step toward addressing these issues by passing the Dodd-Frank Financial Reform Act. A provision of the law requires companies engaged in oil, gas and mining activities and registered with the U.S. Securities and Exchange Commission to publicly disclose any payments they make to governments, country by country and project by project. Recognizing the power of such regulations, other jurisdictions throughout the world are now developing similar or expanded legislative proposals.
Our research identified publicly traded oil, gas and mining companies worldwide. The findings provide a global snapshot of extractive sector public capital, showing the significance of the sector in these financial markets and which extractive companies will be covered by the SEC regulations.