IMPACT OF DISCRETIONARY PRODUCTION COST ON VALUE OF LISTED OILAND GAS MARKETING COMPANIES IN NIGERIA

The study examined the impact of discretionary production cost on value of listed oil and gas marketing companies in Nigeria. The study used secondary panel data techniques for data analysis and interpretations in order to fully capture the objectives. The population of this study is made up of twelve oil and gas marketing companies listed NGX for a period of thirteen (13) years (2010-2022). Out of which eighty were used as sample size. The data was analyzed using descriptive and inferential statistical tools. Panel Regression technique was used to determining the impact of the explanatory variables on the dependent variable. The regression result shows that discretionary production cost has insignificant impact on value of listed oil and gas marketing companies in Nigeria. This implies that discretionary production decisions have secured balance with effective risk management and cost control, as the market may not strongly reward or penalize firms based solely on these decisions. Based on this conclusion, the study recommends that for purpose of investors, and policymakers, management of listed oil and gas marketing companies in Nigeria should assess the impact of discretionary production in conjunction with other critical factors influencing firm value. More son, strategic risk management and cost control practices should be emphasized to balance discretionary production decisions.