Analysis of country risk profiles for different major oil and gas companies reveals wide differences between companies with some – such as ENI and Total – concentrating their production in countries deemed much riskier by international rating agencies. The analysis, undertaken by Evaluate Energy, calculated a consensus country risk weighted by oil and gas production by country for both 2000 and 2013. Country risk in each country was estimated by Evaluate Energy based on a consensus of country risk ratings published by Fitch, S&P, Moody’s, Institutional Investor and the OECD.