The concept of value addition basically comes from the very manufacturing process wherein the firm’s raw materials are converted into finished goods. A manufacturing firm begins with a certain quantum of raw materials, and then engages itself in a conversion process to yield a product with new utility and market value which is different from the original cost of materials. The excess of such market value over the cost of materials is defined as value added. Therefore, for measuring and reporting the socio-economic objectives of the business, the value added reporting has emerged as a new reporting measure of corporate performance in addition to the traditional financial reporting practices. This research paper focuses an attempt to make an empirical study for measuring the corporate social performance through value added reporting and ratio analysis of selected petroleum companies. For analysis various ratios relating to value added reporting and with the help of some statistical techniques. In this study researcher have tried to show how and to what extent, the value added reporting can supplement additional financial information to satisfy all the stakeholders of the organization.