TAX INCENTIVES AND FINANCIAL PERFORMANCE LISTED OIL AND GAS COMPANIES IN NIGERIA (A CASE STUDY OF EXXON MOBILE PLC)

ABSTRACT The aim of this study was to examine Tax Incentives and Financial Performance of Listed Oil and Gas Companies (A case study of Exxon Mobil Plc). In order to this effect, a survey and expost facto research designs were adopted in the study. The population consisted of 27 staff of Exxon Mobil Plc, Eket, Akwa Ibom State. Primary and secondary data were used in this research work. The primary source adopted was the use of administered questionnaire while the secondary source adopted was the use of annual report from the Exxon Mobil Plc for the period of 2013-2023. Purposive Sampling technique was used to select a sample of (25) respondents for the study as determined using Taro Yamane formula. Data were coded and analyzed using manual content analysis and simple percentages and tables were used to analyze the responses from respondents. Simple regression analysis was used to test the hypotheses in the study. Findings revealed that the influence of investment allowance on the Profit for the Year of Exon Mobil include: encourage capital expenditure, attracts investments, support research and development and boost economic growth. The findings also reveal that there is significant influence of capital allowance on the profit for the year of Exxon Mobil. It was recommended that companies should take more advantages of tax incentives available to them especially the incentives related to investment which will help in straightening the productivity of the firms.