There will and always be a tradeoff between achieving profitability and maintaining sustainability. This complex problem is especially portrayed in the Oil sector. MENA region countries dominate more than half of the Oil reserves globally. Therefore and due to their dominance, such oil firms may suffer from several adverse consequences from their oil drilling and extraction activities. Accordingly, the main objective of the thesis is to examine the impact of the changes in environmental conditions on the financial performance of selected oil drilling and extraction firms. The selected countries that were chosen are: Egypt, Morocco, Tunisia & Gabon. The results surprisingly concluded that the rise in Carbon Dioxide emissions & Annual Average Temperature had a negative impact on the Market Value of the selected firms.


School of Business


Economics Department

Degree Name

MA in Economics

Graduation Date

Winter 1-31-2023

Submission Date


First Advisor

Dr.Mina Ayad

Committee Member 1

Dr.Ismaeel Tharwat

Committee Member 2

Dr.Ahmed Abou Zaid


41 p.

Document Type

Master's Thesis

Institutional Review Board (IRB) Approval

Approval has been obtained for this item