The Impact of Liability Accounting on the Profitability of Companies Operating in the Oil Sector: A Field Study on Oil Companies Operating in the Gulf of Sidra

Abstract

This research aimed to determine the impact of responsibility accounting on the profitability of oil companies in the Gulf of Sidra region. Employing a descriptive analytical approach, data was collected through a questionnaire distributed to 65 employees of oil companies in the region, and analyzed using SPSS. The results revealed a significant impact of responsibility accounting on increasing company profitability, with all null hypotheses denying a positive effect being rejected. Statistical analyses confirmed strong significance, indicating the importance of implementing responsibility accounting systems to improve financial performance and increase profitability in the oil sector.