The global oil & gas industry experienced a 44% drop in company filings mentions of renewable energy in Q1 2023 compared with the previous quarter, with the highest share accounted for by Repsol with 41% year-on-year increase, according to GlobalData’s analysis of over 623 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 Q1 2023, ranking highest in terms of mentions, ahead of advanced materials and 3d printing, according to GlobalData.
Of the top leading companies in the oil & gas industry, Repsol had the greatest increase in references for renewable energy in Q1 2023, compared with the previous quarter. GlobalData identified 422 renewable energy-related sentences in the company's filings - 4% of all sentences - and an increase of 100% in Q1 2023 compared with Q1 2022. Neste’s mentions of renewable energy rose by 100% to 415 and BP’s by 100% to 206 and PTT Public’s by 100% to 105 and Woodside Energy Group’s by 600% to 103.
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 Q1 2023 was 105.
For further understanding of GlobalData's Renewable Energy in Oil and Gas – Thematic Intelligence buy the report here.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
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.
