The global oil & gas industry experienced a 47% drop in company filings mentions of social responsibility in Q4 2023 compared with the previous quarter, with the highest share accounted for by Tokyo Gas with 0.847457627118644% year-on-year increase, according to GlobalData’s analysis of over 446 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.
Notably, social responsibility was one of the most frequently referenced themes in Q4 2023, ranking highest in terms of mentions, ahead of renewable energy and advanced materials, according to GlobalData.
Of the top leading companies in the oil & gas industry, Tokyo Gas had the greatest increase in references for social responsibility in Q4 2023, compared with the previous quarter. GlobalData identified 119 social responsibility-related sentences in the company's filings - 11% of all sentences - and an increase of 0.85% in Q4 2023 compared with Q4 2022. Imperial Oil’s mentions of social responsibility rose by 5800% to 59 and Targa Resources’s by 50% to 45 and Energy Transfer’s by 740% to 42 and Tourmaline Oil’s by 7% to 39.
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 social responsibility in Q4 2023 was 109.
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For further understanding of GlobalData's Oil & Gas: Filings Trends & Signals Q4 2023, buy the report here.
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