The global oil & gas industry experienced a 46% drop in company filings mentions of electric vehicles in Q1 2024 compared with the previous quarter, with the highest share accounted for by Shell with 80% year-on-year increase, according to GlobalData’s analysis of over 168 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, electric vehicles was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of big data and blockchain, according to GlobalData.
Of the top leading companies in the oil & gas industry, Shell had the greatest increase in references for electric vehicles in Q1 2024, compared with the previous quarter. GlobalData identified 27 electric vehicles-related sentences in the company's filings - 0.4% of all sentences - and an increase of 80% in Q1 2024 compared with Q1 2023. Neste’s mentions of electric vehicles rose by 100% to 8 and Exxon Mobil’s by 200% to 6 and HF Sinclair’s by 14% to 6 and NiSource’s by 67% 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 2024 was 77.
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.
