Misund, Bård; Osmundsen, Petter; Sikveland, Marius - 2014
. Furthermore, the value relevance of oil and gas reserves is different among successful efforts and full cost companies. Larger … reserves among successful efforts companies are awarded a premium by stock markets. The value relevance of book value is … significantly lower for integrated companies than for pure upstream companies. We also find that the value relevance of oil and gas …