Corporate Social
Responsibility is a managing idea whereby firms fit in societal and ecological
anxieties in their commercial processes and acquaintances with their
stakeholders. Business organizations are trying to attain an equilibrium in
economic, ecological and societal imperatives with performing societal tasks
popularly known as Corporate Social Responsibility (CSR).
In this background, the
key objective of the study is to examine the relationship between CSR
compliance and profitability performance of the selected sample companies in
Indian oil and gas industry from 2018-2019 to 2022-2023. One-way ANOVA and
simple linear regression equations are used for data analysis. The CSRI
compliances of the selected companies are observed to be moderately
satisfactory during the study period. Moreover, CSRI compliance of BPCL is
found to be better as compared to IOCL and HPCL. However, the study found no
significant linkage between CSRI compliance and ROCE. Thus, profitability
performance of the sample companies is not driven by their CSRI performance.
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