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Safety Practices and Performance of Oil and Gas Servicing Companies in Nigeria: Empirical Evidences from Selected Companies in Portharcourt

Efeeloo Nangih ()

International Journal of Academic Research in Accounting, Finance and Management Sciences, 2017, vol. 7, issue 4, 177-181

Abstract: This paper examines the influence of safety practices on performance of oil and gas companies in Nigeria. The study specifically looked at the influence of Regular Provision/use of Personal Protective Equipment (PPE) and Daily Safety Briefings on the profitability of Oil and gas firms in Nigeria. Data were obtained by means of questionnaire. Analyses were performed using Pearson’s product moment coefficient of correlation and regression analyses via the use of SPSS. The findings reveal a statistically positive correlation between safety practices and the performance of oil and gas companies. Further, safety practices positively influence the Operating Profit Margin (OPROM) and Return on Turnover (ROTUN) of the companies. The study recommended that continuous safety practices by all oil and gas firms to enable them to have smooth performance and enhanced profitability.

Keywords: Safety practices; performance; profitability; oil and gas companies (search for similar items in EconPapers)
Date: 2017
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