The global oil & gas industry experienced a 20% drop in company filings mentions of electric vehicles in Q1 2023 compared with the previous quarter, with the highest share accounted for by PTT Public with 45% year-on-year increase, according to GlobalData’s analysis of over 179 oil & gas company filings. GlobalData’s Electric Vehicles (EV) in Insurance – Thematic Research report explains the dynamics of EV in the oil & gas market, highlighting the key trends, impact of EV on value chain and leading EV companies in the oil & gas market. Buy the report here.
Notably, electric vehicles was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of lng and artificial intelligence, according to GlobalData.
Of the top leading companies in the oil & gas industry, PTT Public had the greatest increase in references for electric vehicles in Q1 2023, compared with the previous quarter. GlobalData identified 29 electric vehicles-related sentences in the company's filings - 0.5% of all sentences - and an increase of 100% in Q1 2023 compared with Q1 2022. Repsol’s mentions of electric vehicles rose by 100% to 14 and BP’s by 100% to 8 and Suncor Energy’s by 100% to 6 and Shell’s by 100% to 5.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for electric vehicles in Q1 2023 was 83.
For further understanding of GlobalData's Electric Vehicles (EV) in Oil and Gas - Thematic Research buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
