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September 5, 2025Open Access

Impact of Corporate Social Responsibility on Financial Performance of Listed Oil and Gas Companies in Nigeria

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Financial performance is positively influenced by economic responsibility, highlighting its importance for firms.
Legal responsibility negatively impacts financial performance, indicating companies struggle with compliance issues.
Ethical responsibility showed insignificant effects, suggesting it may need reevaluation in strategic frameworks.
Data collected over ten years from listed oil and gas companies enhances the robustness of the findings.

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Analysis reveals economic responsibility boosts financial performance in oil and gas companies, suggesting legal responsibility may hinder growth.

Sulaiman et al. (2025) studied this question.

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Analysis reveals economic responsibility boosts financial performance in oil and gas companies, suggesting legal responsibility may hinder growth.