The global oil & gas industry experienced a 35% drop in company filings mentions of shale in Q2 2024 compared with the previous quarter, with the highest share accounted for by EOG Resources with 22% year-on-year decrease, according to GlobalData’s analysis of over 273 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, shale was one of the most frequently referenced themes in Q2 2024, ranking highest in terms of mentions, ahead of energy storage and cloud, according to GlobalData.
Of the top leading companies in the oil & gas industry, EOG Resources had the greatest increase in references for shale in Q2 2024, compared with the previous quarter. GlobalData identified 58 shale-related sentences in the company's filings - 7% of all sentences - and a decrease of 22% in Q2 2024 compared with Q2 2023. Coterra Energy’s mentions of shale rose by 4% to 54 and MPLX’s by 36% to 45 and Chesapeake Energy’s by 68% to 41 and Marathon Oil’s by 106% to 33.
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 shale in Q2 2024 was 107.
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.
