RECLAMATION COST AND CORPORATE PERFORMANCE OF OIL AND GAS COMPANIES IN NIGER DELTA, NIGERIA

Abstract

The study instigated reclamation cost and corporate performance of oil and gas companies in Niger Delta. The study adopted correlational survey research design. The population and sample size are three (3) oil companies in Niger Delta. The formulated hypothesis is tested using the simple Regression analysis with model summary explaining the relationship and determinant percentage of the relationship with the R and R-square respectively and the significance of the variability will be tested using the hypotheses acceptation and rejection at 0.05 levels of significant using Coefficients table with the aid of the SPSS platform. The finding revealed that there is negative relationship (effect) between revegetation and reforestation costs cost and profitability of oil and gas companies in Niger Delta. It was recommended that companies within the oil industry should be apt to cultivate reclamation costs in their activities in order to sustain the environment for the future generation and to avoid hostility from host communities that will affect the company’s profitability.