Who benefits from stringent reporting under Section 1504 of the Dodd-Frank Act?

America's top three (3) oil and gas companies - Chevron, ConocoPhillips, and ExxonMobil, are behemoths. In fact, their combined 2019 assets total $670 billion (Global 500). If they were an economy, they'd be the 21st largest in the world.

​Should there be stringent reporting, citizens and policymakers of 46 countries where the top three companies operate at least 81 upstream projects will benefit from informed public debate and policies brought about by granular data. The total includes 26 countries that are presently not a member of the Extractive Industries Transparency Initiative (EITI).

US leadership will definitely add very significant value to the global extractives transparency movement hence there should be:

• project-level reporting;
• inclusion of all payments;
• leveling off with other international standards (e.g., EITI, EU mandatory disclosures)