The global oil & gas industry experienced an 82% drop in company filings mentions of COVID-19 in Q2 2023 compared with the previous quarter, with the highest share accounted for by Eni with 75% year-on-year decrease, according to GlobalData’s analysis of over 681 oil & gas company filings. GlobalData’s COVID-19 Cross-Sector Impact – Thematic Research report helps understand how the effect of COVID-19 on Oil & Gas sector compares with 17 other key sectors, in terms of equity indices, M&A volumes, jobs index, and filings. Buy the report here.
Notably, COVID-19 was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of sensory & indulgence and space economy, 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 2023, compared with the previous quarter. GlobalData identified 17 COVID-19-related sentences in the company's filings - 0.7% of all sentences - and a decrease of 75% in Q2 2023 compared with Q2 2022. Chevron’s mentions of COVID-19 dropped by 64% to 16 and OMV’s by 70% to 13 and China Petroleum & Chemical’s by 44% to 10 and Hong Kong and China Gas’s by 71% to 10.
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 2023 was 156.
To further understand GlobalData's analysis on COVID-19 Cross-Sector Impact - Thematic Research, buy the report here.