الفهرس 
Title : The Impact of oil prices fluctuations on the profitability of oil listed firms evidence from mena region.
ContentsOnly 14 pages are availabe for public view
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Abstract
Purpose-the target of this thesis is to explain, illustrate and measurethe impact of fluctuations in Oil prices on financial performance of companies registered as oil and gas companies in Middle East and North Africa.
Design/Methodology/Approach-quantitative descriptive research design is applied , Data on the Brent crude oil spot closing prices and data on the financial statements obtained from Thomson Reuter’s web site on annual basis during the period from 2005 to 2019, using oil and gas firms listed in MENA (31 oil firms) , Return on equity, return on assets and earning per share are proxies measures for profitability and the explanatory variables are change in Brent crude oil spot prices, size, gearing ratio, operating costs ratio, fixed assets ratio as well as some macroeconomic variables such as interest rate , exchange rate and GDP used in the thesis , the researcher used GMM models, as well, fixed effects and random effects models to examine the impact of oil price changes on the financial performance of oil and gas firmsby utilizing E.views application software
Findings- the results indicated that most of the independent variable are significantly correlated with the profitability measures deployed in the research model in Oil Firms, concerning (ROA) model the researcher found that there was significant effect on the return on assets and significant for oil prices, operating cost ratio and the exchange rate, for the second model (ROE) the researcher found that there was positive significant dynamic effect on the return on equity that is lagging, and significant for oil prices, the exchange rate. & GDP finally for the last model (EPS) the researcher found that there was significant effect on the EPS lagged by one year and two year positive for lagged one and negative for lagged 2 while all other variables are insignificant
Practical Implications- giving guide to oil firms on how to improve their organization profitability. The findings may provide a guiding tool on how to utilize the macroeconomic conditions and financial factors to enhance the overall oil firm’s position. Estimation results may imply the importance of study the profitability of oil sector.
Originality/Value- The thesis provides a framework for Managers of oil and gas firms link between financial measure of performance and crude oil prices can lead to the development of effective risk management strategies in addition very few studies are found that measure the effect of oil prices changes and other oil firm variables with macroeconomic indicators on the financial performance, this thesis contributes to the literature by investigating the dynamics of profitability for oil firms especially in Mena countries
Limitations- in the light of data availability Thisthesisemphasizes on the data of the change in Brent crude oil spot prices as the only key oil variable that will obtained from Thomson Reuters web site with limited period from year 2005 to year 2019 and limited number of oil firms (31 oil firms) which classified under oil category according to Thomson Reuters data base and other secondary data that is restricted to information obtainable from the annual financial statements of oil and gas listed firms that operate in Mena region.