The global oil & gas industry experienced an 87% drop in company filings mentions of COVID-19 in Q2 2024 compared with the previous quarter, with the highest share accounted for by Eni with 41% year-on-year decrease, according to GlobalData’s analysis of over 283 oil & gas company filings. GlobalData’s Oil & Gas: Filings Trends & Signals Q2 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 Q2 2024, ranking highest in terms of mentions, ahead of social and individualism & expression, according to GlobalData.
Of the top leading companies in the oil & gas industry, Eni had the greatest increase in references for COVID-19 in Q2 2024, compared with the previous quarter. GlobalData identified ten COVID-19-related sentences in the company's filings - 0.1% of all sentences - and a decrease of 41% in Q2 2024 compared with Q2 2023. EOG Resources’s mentions of COVID-19 rose by 60% to 8 and ConocoPhillips’s by 50% to 2 and Marathon Oil’s by 50% to 2 and APA’s by 75% to 1.
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 Q2 2024 was 119.
For further understanding of GlobalData's Oil & Gas: Filings Trends & Signals Q2 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.
