oil and gas

Corporate social responsibilities in oil and gas industries

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Corporate Social Responsibility (CSR) has emerged as a business approach for addressing the social and environmental impact of company activities. Companies from the oil and gas sector have been at the center of CSR development. As forecasting placed on business, one needs to ask if CSR is able to fulfill these huge expectations. Therefore, the aim of this article is to analyze CSR’s potential and limitations for contributing to wider societal challenges. This examines the key areas of CSR policies where oil companies are anticipating to make a positive contribution improvement in environmental performance, development, and governance.