ECOLOGICAL COST ACCOUNTING AND FINANCIAL PERFORMANCE OF LISTED OIL AND GAS FIRM IN NIGERIA.

Abstract

This study examined the relationship between ecological cost accounting and the financial performance of listed oil and gas firms in Nigeria. For oil and gas corporations in Nigeria, the specific goals were to ascertain the relationship between community development expenses and environmental remediation costs. Data was gathered from audited accounts issued on the Nigerian Exchange Group (NEG) of 2014 to 2024 using an ex post facts research design. The nine (9) oil and gas firms that were randomly listed on the Nigerian Exchange Group as 31st December, 2024 to make up the study's population. The results demonstrate that ecological compensation costs (ECC) and waste management costs (WMC) had no appreciable influence on the firms' return on assets and earnings per share. Therefore, the research study therefore recommend that oil and gas Firms should engage in more research and development activities in order to discover new ways of reducing environmental cost in order to enhance their financial performance.