ENGLISH ABSTRACT: The increasing global demand for and dependency on oil provides tremendousopportunities for oil-producing countries. Supported by the unprecedentedeconomic growth in developing countries such as China and India, the globaldemand for oil is estimated to increase by 50% from the...

This study investigates the use of discretion by oil and gas companies in reporting financial performance and oil and gas reserve estimates during times of high political scrutiny resulting from increases in energy prices. Hypotheses tested in prior literature state that companies facing the...