Abstract
This study investigated the effect of environmental disclosure and audit on the financial performance of listed oil and gas companies on the Nigerian Stock Exchange as of 31st December 2020, spanning from 2011-2020. The study adopted ex-post facto research design a sample of 11 companies were selected out of the 13 listed oil and gas companies on the Nigeria Stock Exchange. Panel data regression was used to analyze the effect of environmental disclosure and environmental audit on financial performance and the result of the analysis showed that environmental disclosure has a significant effect on returns on assets (ROA), Profits After Tax (PAT) and returns on equity (ROE) of listed oil and gas companies in Nigeria and environmental Audit has no significant effect on returns on assets (ROA) and Profits After Tax (PAT), but it significantly affects the returns on equity (ROE of listed oil and gas companies in Nigeria). It was then concluded that environmental disclosure and audit improves the financial performance of the selected oil and gas companies. The study implored the oil and gas companies to develop and implement environmentally friendly policies to increase their profitability.
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