The global oil & gas industry experienced a 41% drop in company filings mentions of renewable energy in Q2 2023 compared with the previous quarter, with the highest share accounted for by TotalEnergies with 63% year-on-year decrease, according to GlobalData’s analysis of over 630 oil & gas company filings. With the growing importance of renewable energy in the global energy mix, key oil and gas companies are competing to be best positioned to benefit from investments in renewable energy. GlobalData’s Renewable Energy in Oil and Gas Thematic Intelligence report highlights the various trends, analyses the solar, wind power, and biopower value chains and identifies top players across different segments. Buy the report here.
Notably, renewable energy was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of metaverse and online travel, according to GlobalData.
Of the top leading companies in the oil & gas industry, TotalEnergies had the greatest increase in references for renewable energy in Q2 2023, compared with the previous quarter. GlobalData identified 246 renewable energy-related sentences in the company's filings - 9% of all sentences - and a decrease of 63% in Q2 2023 compared with Q2 2022. Snam’s mentions of renewable energy dropped by 51% to 141 and OMV’s by 93% to 110 and Hong Kong and China Gas’s by 2% to 96 and Petroleo Brasileiro’s by 122% to 91.
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 renewable energy in Q2 2023 was 108.
For further understanding of GlobalData's Renewable Energy in Oil and Gas – Thematic Intelligence buy the report here.