THE DETERMINANTS OF CAPITAL STRUCTURE OF THE GCC OIL AND GAS COMPANIES

This study aims to investigate the determinants of capital structure (CS), how they differ among levels (upstream, midstream, and downstream), identify Which CS theory is more relevant oil gas companies in GCC. It uses secondary data 22 listed GCC over ten years (2010 2019). The will add literature as there few studies about petroleum industry it only sector. Using pooled ordinary least square (OLS) random effect model, main findings this are; has a positive significant relationship with size tangibility, negative profitability, insignificant growth sales, market book value, price earnings ratio. research concluded that are aligned both trade-off pecking order theory. results show downstream significant, while middle stream upstream have no impact on CS. One limitations unavailability some governmental further needed include non-financial relationships between value companies.Keywords: Capital Structure Determinants; Oil Gas CS; Theory; Debt Asset Ratio; Equity Ratio.JEL Classifications: G32; Q40, N75; L95DOI: https://doi.org/10.32479/ijeep.10570