EFFECT OF GREEN ACCOUNTING ON THE PROFITABILITY OF QUOTED OIL AND GAS COMPANIES IN NIGERIA

The study examines the effect of green accounting on the profitability of quoted wi and gas companies in Nigeria. It was specifically aimed at finding out pollution and social cost, waste management cost, fines and penalties AND oil spillage cost has effect on the profitability of oil and gas companies in Nigeria. The study made a of ex-post facto research design. Data were collected from the Annual report and account of the selected companies and the Nigeria Stock Exchange Fact Book. The data collected was presented in tables, and were analyzed using multiple regressions. Based on the analysis, it was found that pollution and social costs de not significantly affect the profitability of oil and gas companies in Nigeria. It was also revealed that Waste management costs do not have significant effect on the profitability of oil and gas companies in Nigeria. The study found out that Fines and penalties have significant effect on the profitability of oil and gas companies in Nigeria. Specifically, it was found that Oil spillage costs do not significant effect on the profitability of oil and gas companies in Nigeria. In the light of the above, the study recommended that Management of the selected oil and gas companies should ensure that they carry out community development project for the host communities, this will help to ensure and peace and unity between them and the host community and as such will improved their profitability (Word Count: 248)