Only one company, US-based Diamondback Energy, does not reward growth, incentivising executives purely on controlling costs and improving financial returns. Four companies have no direct incentives for growth, but include other measures which indirectly reward growth: Equinor (although only in a minor element), BP, Galp Energia and Origin Energy. It says the companies that disclose the greatest focus on rewarding volume growth are Anadarko, Cabot Oil & Gas, CNRL and Oil Search; at the other end of the scale production and/or reserves metrics determine just eight per cent of annual bonuses at Total and 10 per cent at Repsol.