The global oil & gas industry experienced a 40% drop in company filings mentions of hydrogen in Q1 2023 compared with the previous quarter, with the highest share accounted for by Neste with 59% year-on-year increase, according to GlobalData’s analysis of over 166 oil & gas company filings. GlobalData’s Hydrogen in Oil and Gas – Thematic Research report assesses strategies and initiatives adopted by oil and gas companies to gain a competitive advantage in the hydrogen sector, key trends and the leading companies in the market. Buy the report here.
Notably, hydrogen was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of renewable energy and advanced materials, according to GlobalData.
Of the top leading companies in the oil & gas industry, Neste had the greatest increase in references for hydrogen in Q1 2023, compared with the previous quarter. GlobalData identified 73 hydrogen-related sentences in the company's filings - 0.8% of all sentences - and an increase of 100% in Q1 2023 compared with Q1 2022. Repsol’s mentions of hydrogen rose by 100% to 56 and BP’s by 100% to 42 and Woodside Energy Group’s by 200% to 27 and China Petroleum & Chemical’s by 100% to 11.
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 hydrogen in Q1 2023 was 105.
For further understanding of GlobalData's Hydrogen 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.
