The global oil & gas industry experienced a 14% drop in company filings mentions of electric vehicles in Q4 2023 compared with the previous quarter, with the highest share accounted for by BP with 38% year-on-year decrease, according to GlobalData’s analysis of over 100 oil & gas company filings. GlobalData’s Oil & Gas: Filings Trends & Signals Q4 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.

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Notably, electric vehicles was one of the most frequently referenced themes in Q4 2023, ranking highest in terms of mentions, ahead of environment and online travel, according to GlobalData.

Of the top leading companies in the oil & gas industry, BP had the greatest increase in references for electric vehicles in Q4 2023, compared with the previous quarter. GlobalData identified five electric vehicles-related sentences in the company's filings - 0.9% of all sentences - and a decrease of 38% in Q4 2023 compared with Q4 2022. Koc Holding’s mentions of electric vehicles rose by 50% to 3 and Chesapeake Energy’s by 50% to 1 and Eni’s by 50% to 1 and NiSource’s by 67% 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 electric vehicles in Q4 2023 was 94.

For further understanding of GlobalData's Oil & Gas: Filings Trends & Signals Q4 2023, buy the report here.

This content was updated on 8 January 2024

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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.