scholarly journals Does clean technology weaken the environmental impact on the financial performance? Insight from global oil and gas companies

2021 ◽  
Author(s):  
Rayenda Khresna Brahmana ◽  
Maria Kontesa
Keyword(s):  
Environmental Impact ◽  
Financial Performance ◽  
Oil And Gas ◽  
Clean Technology ◽  
Oil And Gas Companies

scholarly journals Materiality Conditions in the Interplay between Environment and Financial Performance: A Graphical Modeling Approach for EEA Oil and Gas Companies

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-16
Author(s):  
Mirela Sichigea ◽  
Marian Siminica ◽  
Mirela Cristea ◽  
Gratiela Georgiana Noja ◽  
Daniel Circiumaru
Keyword(s):  
Financial Performance ◽  
Graphical Models ◽  
Structural Equation ◽  
Oil And Gas ◽  
Strong Dependence ◽  
Sustainable Growth ◽  
Equation Modeling ◽  
Main Concept ◽  
Thomson Reuters ◽  
Oil And Gas Companies

The recovery after the unprecedented pandemic crisis that Europe has currently been facing is strengthening the strong dependence between social, economic, and environmental fields, maintaining green investments and innovation at the core of the European strategies. Shifting to clean industries is a challenging mission that a complex network of stakeholders and their different interests must take into account. Within this network, the interplay between environmental and financial performance of a company represents a common point with a growing emphasis on the transparency and the materiality capacity of the disclosed information. This paper uses the Structural Equation Modeling and the Gaussian Graphical Models as graphical analysis approaches and offers a first insight about the interaction between environmental materiality measures and financial performance. A preliminary step of the scientific research consisted of a hand-mapping investigation about materiality conditions. Starting from the Materiality Map developed by the Sustainability Accounting Standards Board (SASB), this paper extends the main concept about materiality and investigates it on three different content ranges, which focus on the general environmental policy of the company, the targets set, and its concrete footprint. The methodology approaches were grounded on a newly compiled dataset provided by the Thomson Reuters database for 194 Economic European Area (EEA) oil and gas companies. The results provide significant evidences for the manifestation of materiality and emphasize the informational content of the individual environmental measures as an important condition for its financial impact. Adding to the environmental-financial performance relationship, our findings have both practical and academic relevance for the economic field and sustainable growth goals.

scholarly journals ENVIRONMENTAL COST AND FINANCIAL PERFORMANCE OF OIL AND GAS COMPANIES IN NIGERIA

2015 ◽  
pp. 1-24
Author(s):  
Chiamogu Anselm ◽  
Janefrances Okoye
Keyword(s):  
Community Development ◽  
Financial Performance ◽  
Environmental Remediation ◽  
Oil And Gas ◽  
Environmental Cost ◽  
Annual Reports ◽  
Development Cost ◽  
Ex Post ◽  
Ex Post Facto ◽  
Oil And Gas Companies

This study ascertained the extent environmental cost affects financial performance of oil and gas companies in Nigeria. The specific objectives were to determine the effect of: community development cost and environmental remediation cost on Tobin’s on oil and gas companies in Nigeria. Ex post facto research design was employed and data was obtained from annual reports and accounts for the periods 2011 to 2018. The hypotheses were tested using regression analysis with aid of e-view 9.0. The results of the empirical data analysis revealed that community development cost and environmental remediation cost has positive significant effect on Tobin’s. The study therefore recommended among others that government should give tax credit to organizations that participate and contribute towards community development in order to encourage community development and which would go a long way in enhancing firm performance.

Petroleum Accounting Methods and Financial Performance of Quoted Oil Companies in Nigeria

2020 ◽  
pp. 145-163
Author(s):  
JN NWAIWU ◽  
SU OKORIE
Keyword(s):  
Central Bank ◽  
Financial Performance ◽  
Oil And Gas ◽  
Financial Statements ◽  
Series Data ◽  
National Bureau ◽  
Return On Equity ◽  
Oil Companies ◽  
Full Cost ◽  
Oil And Gas Companies

Exploration and production of oil and gas companies globally prepare their financial statements using either full cost or successful efforts historical accounting methods. Although, there have been numerous attempts by different standard setting organs to narrow the choice of accounting methods so that the financial statements of petroleum companies are more comparable, the question as to which historical accounting method provides investors with more informative numbers, and this should be mandated for all oil and gas companies is still unresolved. This study aimed to analyze empirically, the relationship between petroleum accounting methods and financial performance of quoted oil and natural gas companies in Nigeria. Time series data on different types of petroleum accounting methods an return on equity from 2009-2019 were collected from the central bank of Nigeria statistical bulletin, National Bureau of Statistics, Annual Central Bank of Nigerian reports and Federal Inland Revenue Service. Ordinary least regression analysis, Auto-Regressive Distribution Lag (ARDL) cointegration and error correction model was used in analyzing the data. The empirical results indicate that petroleum accounting methods significantly relate to financial performance; explaining about 79.3% of the total variation in return on equity. The empirical study therefore concludes that petroleum accounting methods has the potency to make significant contribution to financial performance and recommends that companies that need more asset value should use full cost method while companies that already have large assets should use successful effort method. Companies with low standard deviation should adopt full cost effort method in order to beef up their capital base.

Does green innovation damage financial performance of oil and gas companies?

2021 ◽  
Vol 73 ◽  
pp. 102235
Author(s):  
Tonje Marthinsen Aastvedt ◽  
Niaz Bashiri Behmiri ◽  
Li Lu
Keyword(s):  
Financial Performance ◽  
Oil And Gas ◽  
Green Innovation ◽  
Oil And Gas Companies

scholarly journals Sustainability of TQM Implementation Model In The Indonesia’s Oil and Gas Industry: An Assessment of Structural Relations Model Fit

2011 ◽  
Vol 13 (1) ◽  
pp. 1 ◽  
Author(s):  
Wakhid Slamet Ciptono ◽  
Abdul Razak Ibrahim ◽  
Ainin Sulaiman ◽  
Sharifah Latifah Syed A. Kadir
Keyword(s):  
Financial Performance ◽  
Management Practices ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Model Fit ◽  
Implementation Model ◽  
World Class ◽  
Structural Relations ◽  
Operational Excellence ◽  
Oil And Gas Companies

This study purposively is to conduct an empirical analysis of the structural relations among  critical factors of quality management practices (QMPs), world-class company practice (WCC), operational excellence practice (OE), and company performance (company non-financial performance or CNFP and company financial performance or CFP) in the oil and gas companies operating in Indonesia. The current study additionally examines the relationships between QMPs and CFP through WCC, OE, and CNFP (as partial mediators) simultaneously. The study uses data from a survey of 140 strategic business units (SBUs) within 49 oil and gas contractor companies in Indonesia.  The findings suggest that all six QMPs have positive and significant indirect relationships on CFP through WCC and CNFP. Only four of six QMPs have positive and significant indirect relationships on CFP through OE and CNFP. Hence, WCC, OE, and CNFP play as partial mediators between  QMPs and CFP. CNFP has a significant influence on CFP. A major implication of this study is that oil and gas managers need to recognize the structural relations model fit by developing all of the research constructs simultaneously associated with a comprehensive TQM practice. Furthermore, the findings will assist oil and gas companies by improving CNFP, which is very critical to TQM, thereby contributing to a better achievement of CFP. The current study uses the Deming’s principles, Hayes and Wheelwright dimensions of world-class company practice, Chevron Texaco’s operational excellence practice, and the dimensions of company financial and non-financial performances.  The paper also provides an insight into the sustainability of TQM implementation model and their effect on company financial performance in oil and gas companies in Indonesia.       

scholarly journals Sustaining the Oil and Gas Industry through corporate social responsibility practices by multinational oil and gas companies in emerging economies.

2021 ◽  
Author(s):  
Ama Twumwaa Gyane ◽  
Edward Kweku Nunoo ◽  
Shafic Suleman
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Emerging Economies ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Data Set ◽  
Key Aspects ◽  
Corporate Social ◽  
Oil And Gas Companies

Abstract The objective of this study was to provide empirical evidence from the perspective of corporate social responsibility practices by multinational oil and gas companies in emerging economies on how investments in and disclosure of this practice could enhance financial sustainability. Accounting-based measures on investments, financial performance, disclosures of activities and panel data set on company size (total assets) over a 10-year period (t) were analysed. Findings show that oil firms with interest in emerging economies take key aspects of corporate social responsibility practices seriously. There was significant positive relationship (p = 0.0035 < 0.05) between investment in the practice and sustainability in financial performance. No significant relationship (p = 0.4409 > 0.05) was established between disclosure and financial performance. Functional corporate social responsibility practices were envisaged to yield sustained dividend in terms of a stronger financial outlook for oil and gas companies for poverty alleviation and to achieve key sustainable development goals and targets in emerging economies.

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