The global oil & gas industry experienced a 40% drop in company filings mentions of energy transition in Q1 2023 compared with the previous quarter, with the highest share accounted for by Repsol with 34% year-on-year increase, according to GlobalData’s analysis of over 915 oil & gas company filings. GlobalData’s Energy Transition in Oil and Gas – Thematic Intelligence report highlights key trends, mergers & acquisitions activities, and major milestones of energy transition theme in the oil & gas sector. Buy the report here.
Notably, energy transition was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of big data and energy storage, according to GlobalData.
Of the top leading companies in the oil & gas industry, Repsol had the greatest increase in references for energy transition in Q1 2023, compared with the previous quarter. GlobalData identified 999 energy transition-related sentences in the company's filings - 9% of all sentences - and an increase of 100% in Q1 2023 compared with Q1 2022. Woodside Energy Group’s mentions of energy transition rose by 100% to 994 and Neste’s by 100% to 967 and BP’s by 100% to 714 and Occidental Petroleum’s by 100% to 433.
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 energy transition in Q1 2023 was 107.
For further understanding of GlobalData's Energy Transition in Oil and Gas - Thematic Intelligence 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.
