The global oil & gas industry experienced a 61% drop in company filings mentions of corporate governance in Q3 2023 compared with the previous quarter, with the highest share accounted for by APA with 7% year-on-year decrease, according to GlobalData’s analysis of over 645 oil & gas company filings. GlobalData’s Oil & Gas: Filings Trends & Signals Q3 2023 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.
Notably, corporate governance was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of social media and Covid-19, according to GlobalData.
Of the top leading companies in the oil & gas industry, APA had the greatest increase in references for corporate governance in Q3 2023, compared with the previous quarter. GlobalData identified 288 corporate governance-related sentences in the company's filings - 10% of all sentences - and a decrease of 7% in Q3 2023 compared with Q3 2022. Oneok’s mentions of corporate governance rose by 17500% to 176 and Suncor Energy’s by 63% to 135 and Cheniere Energy Partners’s by 66% to 126 and YPF’s by 55% to 124.
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 corporate governance in Q3 2023 was 104.
For further understanding of GlobalData's Oil & Gas: Filings Trends & Signals Q3 2023, buy the report here.