The global oil & gas industry experienced an 83% drop in company filings mentions of COVID-19 in Q1 2024 compared with the previous quarter, with the highest share accounted for by TotalEnergies with 7% year-on-year decrease, according to GlobalData’s analysis of over 392 oil & gas company filings. GlobalData’s Oil & Gas: Filings Trends & Signals Q1 2024 report delves into earnings call transcripts and quarterly reports within the industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, COVID-19 was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of social media and space economy, according to GlobalData.
Of the top leading companies in the oil & gas industry, TotalEnergies had the greatest increase in references for COVID-19 in Q1 2024, compared with the previous quarter. GlobalData identified 13 COVID-19-related sentences in the company's filings - 0.5% of all sentences - and a decrease of 7% in Q1 2024 compared with Q1 2023. Valero Energy’s mentions of COVID-19 dropped by 24% to 13 and HF Sinclair’s by 50% to 8 and Phillips 66’s by 76% to 8 and Shell’s by 65% to 8.
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 COVID-19 in Q1 2024 was 85.
For further understanding of GlobalData's Oil & Gas: Filings Trends & Signals Q1 2024, 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.
