The global oil & gas industry experienced a 31% drop in company filings mentions of electric vehicles in Q2 2023 compared with the previous quarter, with the highest share accounted for by BP with 25% year-on-year decrease, according to GlobalData’s analysis of over 146 oil & gas company filings. GlobalData’s Electric Vehicles (EV) in Insurance – Thematic Research report explains the dynamics of EV in the oil & gas market, highlighting the key trends, impact of EV on value chain and leading EV companies in the oil & gas market. Buy the report here.
Notably, electric vehicles was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of lng and energy storage, according to GlobalData.
Of the top leading companies in the oil & gas industry, BP had the greatest increase in references for electric vehicles in Q2 2023, compared with the previous quarter. GlobalData identified six electric vehicles-related sentences in the company's filings - 0.4% of all sentences - and a decrease of 25% in Q2 2023 compared with Q2 2022. TotalEnergies’s mentions of electric vehicles dropped by 81% to 6 and Eni’s by 64% to 5 and Hong Kong and China Gas’s by 25% to 3 and Enbridge’s by 100% to 2.
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 Q2 2023 was 96.
For further understanding of GlobalData's Electric Vehicles (EV) in Oil and Gas - Thematic Research buy the report here.