Effect Of Environmental Accounting On The Performance Of Oil And Gas Companies In Nigeria, 2008 - 2017 (A Study Of Selected Oil And Gas Company)

ODEKE WINNER | 96 pages (18122 words) | Projects

ABSTRACT

The study focuses on effects of environmental accounting on the performance of oil and gas companies in Nigeria. Oil and gas flaring have caused severe environmental damages, loss of plants, animals and human lives, and loss of revenue of both the oil producing companies and the government petroleum exploration, exploitation, storage, distribution and transportation activities affect the environment I in a conspicuously negative manner. The method of data collection adopted by the researcher are the use of secondary data and the secondary data were derivedfrom the Central Bank ofNigeria statistical bulletin, publication ofenvironmental impact assessment agency. After collection of the data from the secondary sources, the data were tabulated and statistically analyzed using the ordinary least square analytical technique. It was discovered that there exist a significant relationship between environmental costs and earnings per share of oil and gas companies in Nigeria. The study also revealed that there exist a sign fi cant relationship between gas utilization and output of oil and gas production in Nigeria. In this study we have made our attempt to assess the impact of environmental costs on earnings per share of oil and gas companies in Nigeria. This study proffers framework for environmental costs in the oil and gas industry in Nigeria. To this end, this contributes to studies on environmental costs at a global level using the perspective of Nigeria oil and gas industry. It is therefore concluded that oil spillage and gas flaring costs does not significantly affect the earnings per share of oil and gas companies in Nigeria. Fines and penalties tremendously affect earnings per share of oil and gas companies in Nigeria. Generally, there are no standards guiding environmental costs in the oil and gas industries in Nigeria. Oil and gas companies operating in Nigeria should take necessary measures to avoid the payment of fines and penalties. To ensure this, they should strictly comply with environmental regulations as specified by the regulatory Agency of the oil and gas industry.

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APA

ODEKE, W (2021). Effect Of Environmental Accounting On The Performance Of Oil And Gas Companies In Nigeria, 2008 - 2017 (A Study Of Selected Oil And Gas Company) . Mouau.afribary.org: Retrieved Nov 02, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-environmental-accounting-on-the-performance-of-oil-and-gas-companies-in-nigeria-2008-2017-a-study-of-selected-oil-and-gas-company-7-2

MLA 8th

WINNER, ODEKE. "Effect Of Environmental Accounting On The Performance Of Oil And Gas Companies In Nigeria, 2008 - 2017 (A Study Of Selected Oil And Gas Company) " Mouau.afribary.org. Mouau.afribary.org, 23 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-environmental-accounting-on-the-performance-of-oil-and-gas-companies-in-nigeria-2008-2017-a-study-of-selected-oil-and-gas-company-7-2. Accessed 02 Nov. 2024.

MLA7

WINNER, ODEKE. "Effect Of Environmental Accounting On The Performance Of Oil And Gas Companies In Nigeria, 2008 - 2017 (A Study Of Selected Oil And Gas Company) ". Mouau.afribary.org, Mouau.afribary.org, 23 Jul. 2021. Web. 02 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-environmental-accounting-on-the-performance-of-oil-and-gas-companies-in-nigeria-2008-2017-a-study-of-selected-oil-and-gas-company-7-2 >.

Chicago

WINNER, ODEKE. "Effect Of Environmental Accounting On The Performance Of Oil And Gas Companies In Nigeria, 2008 - 2017 (A Study Of Selected Oil And Gas Company) " Mouau.afribary.org (2021). Accessed 02 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-environmental-accounting-on-the-performance-of-oil-and-gas-companies-in-nigeria-2008-2017-a-study-of-selected-oil-and-gas-company-7-2

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