EFFECT OF EMISSION MANAGEMENT PRACTICES ON THE VALUE OF LISTED OIL AND GAS COMPANIES IN NIGERIA

Abstract

This study aim to examine the effect of Emission Management Practices on Value of Listed Oil and Gas Companies in Nigeria from 2019 to 2024. The oil and gas company has been a cornerstone of global energy production for over a century, providing the fuel that powers modern world. Firm value of oil and gas companies in the world is significantly influenced by market capitalization, which reflects their financial strength and market dominance. This research will explore the key challenges facing the oil and gas exploration and production, the opportunities for innovation, growth, and the solutions that can help navigate this complex landscape. The oil and gas industry contributes significantly to the world, African and Nigeria's economy, accounting for approximately 90% of export earnings and 70% of revenue. The activities of oil and gas companies involve extraction, exploration, production, transportation, marketing among others. In Nigeria, there are 9 listed oil and gas companies listed in the Nigerian Exchange Group (NGX Group) as at 31 December 2024, research will be narrow to 6 listed oil and gas companies that have spent 15 years and above with the Group they are; Nigerian National Petroleum Corporation Limited (NNPCL), Total Energies plc, Oando plc, Capital Oil plc, Conoil plc and MRS Oil Petroleum. The dependent variable in this study is the firm value while the independent variable is the emission management practices. The need for continues use of modern technological equipment by oil companies to regularly verify emission management practices, periodic review of laws, policies, and regulations that can control fossil fuels. NNPCL to further increase renewable energy capacity, improving energy efficiency and, enhance waste management systems to mitigate the control of emission into the environment.

Keywords: Emission management, earnings and revenue generation, firm value, and review of regulations.