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Alshahmy, S.S. 
ORCID: 0000-0003-1611-2018 and Abdo, H. ORCID: 0000-0001-9279-0035,
2022.
Impacts of reserve and decommissioning disclosures on value and performance of oil and gas firms listed in the UK.
International Journal of Disclosure and Governance.
ISSN 1741-3591
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Abstract
Oil and gas reserves and asset decommissioning are the most significant cash flow indicators of the oil and gas industry. Investors use disclosures by oil and gas firms to estimate future cash flows. Thus, this study examines impacts of oil and gas reserve disclosures and disclosures of decommissioning costs of oil and gas assets on the financial performance and value of listed oil and gas companies in the UK. We survey data from 52 listed firms. We conclude that whilst mandatory and voluntary reserve disclosures negatively impact firms' performance, they positively impact value. Mandatory decom-missioning disclosures are positively related to performance and value. Voluntary decommissioning disclosures negatively correlate with firms' value, but positively relate with firms' performance. These findings contribute to the debate around the usefulness and impacts of oil and gas reserves disclosures and disclosures of decommissioning costs of oil and gas assets on companies values and performance.
| Item Type: | Journal article | ||||||
|---|---|---|---|---|---|---|---|
| Publication Title: | International Journal of Disclosure and Governance | ||||||
| Creators: | Alshahmy, S.S. and Abdo, H. | ||||||
| Publisher: | Springer Science and Business Media LLC | ||||||
| Date: | 26 August 2022 | ||||||
| ISSN: | 1741-3591 | ||||||
| Identifiers: |
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| Rights: | © The Author(s), under exclusive licence to Springer Nature Limited 2022. Springer Nature or its licensor holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. | ||||||
| Divisions: | Schools > Nottingham Business School | ||||||
| Record created by: | Linda Sullivan | ||||||
| Date Added: | 30 Aug 2022 13:42 | ||||||
| Last Modified: | 30 Aug 2022 13:42 | ||||||
| URI: | https://irep.ntu.ac.uk/id/eprint/46933 |
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