The study is about the consequences of oil price changes on macroeconomic outcomes like GDP growth, inflation, employment, the stock market, investment and outputs of manufacturing industries has long been the subject of a vast and growing literature. This study will be the first approach which attempts to assess the influence of oil price changes on banks’ performance in net oil importing countries and net oil exporting countries. We expect oil price increase has a positive impact on banks’ performance in net oil exporting countries while in net oil importing countries it will be vice-versa. To investigate this, return on asset (ROA) will be used as a measure of performance on a sample of Middle Eastern oil exporting and oil importing countries.