The global oil & gas industry experienced a 7% rise in company filings mentions of social responsibility in Q3 2022 compared with the previous quarter, with the highest share accounted for by APA, according to GlobalData’s analysis of over 755 oil & gas company filings.
Notably, social responsibility was one of the most frequently referenced themes in Q3 2022, ranking highest in terms of mentions, ahead of Covid-19 and mobile, according to GlobalData’s whitepaper on Social Responsibility in Oil & Gas – Filings Trends in Q3 2022.
Of the 50 leading companies in the oil & gas industry, APA had the greatest increase in references for social responsibility in Q3 2022, compared with the previous quarter. GlobalData identified 241 social responsibility-related sentences in the company's filings - 32 % of all sentences - and an increase of 100% in Q3 2022 compared with Q2 2022. Reliance Industries’s mentions of social responsibility rose by 100% to 218 and Adani Total Gas’s by 100% to 194.
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 Q3 2022 was 109.
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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.
