This study investigated the effect of Green Accounting on the financial performance of selected oil and gas firms in Nigeria. The specific objectives of the study were to: investigate the effect of emission control cost, the effect of renewable energy cost, and the effect of pollution remediation costs control on the financial performance of selected oil and gas firms in Nigeria. The study adopted ex post facto research design and the panel least squares regression technique. The study found that: emission control cost with coefficient (421.2015) and p-value (0.0022) has significant positive effect on the return on capital of selected listed oil and gas firms in Nigeria; pollution control cost with Coefficient of 2.018446 and p-value of 0.0000, has positive significant effect on the return on capital of selected listed oil and gas firms in Nigeria and that renewable cost energy with coefficient (80.40683) and p-value (0.0056) has significant positive effect on the return on capital of selected listed oil and gas firms in Nigeria. The study concluded that Green accounting has significant positive effect on the financial performance of selected oil and gas firms in Nigeria. Based on the findings of the study, the following recommendations were put forward: the oil and gas firms should prioritize Green Accounting as a significant component of their management process, the firms should adopt management practice, and as well adopt the pollution remediation, emission control and renewable energy control costs accounting in their production accounting model.