The global oil & gas industry experienced a 15% rise in company filings sentiment in Q2 2023 compared with the previous quarter, according to GlobalData’s analysis of over 1,302 oil & gas company filings. GlobalData’s Oil and Gas Industry Annual Contracts Analysis report provides detailed comparative data on contract numbers and values, segmented by region, sector, and geography, and includes information on top contractors and issuers based on contract worth. Buy the report here.

Notably, in Q2 2023 the average sentiment rose from 0.59 to 0.68, indicating a more positive outlook for the industry. This followed an 11% quarter-on-quarter decrease in Q1 2023.

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.

Top companies by company filings sentiment in the global oil & gas industry, Q2 2023 (Sentiment score)

For further understanding of GlobalData's Oil and Gas Industry Annual Contracts Analytics, buy the report here.

This content was updated on 5 August 2023

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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.