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May 13, 2022updated 09 May 2022 11:25am

Revealed: the oil & gas companies leading the way in virtual and augmented reality

We aggregated thousands of records from GlobalData's proprietary themes, jobs, deals, and patents databases to identify the most active companies in the area of virtual and augmented reality in the oil & gas sector.

By Data Journalism Team

CNPC and Chevron are among the companies best positioned to take advantage of future virtual and augmented reality disruption in the oil & gas industry, our analysis shows.

The assessment comes from GlobalData’s Thematic Research ecosystem, which ranks companies on a scale of one to five based on their likelihood to tackle challenges like virtual and augmented reality and emerge as long-term winners of the oil & gas sector.

According to our analysis, CNPC and Chevron are the companies best positioned to benefit from investments in virtual and augmented reality, all of them recording scores of five out of five in GlobalData’s Integrated oil & gas Thematic Scorecard.

The table below shows how GlobalData analysts scored the biggest companies in the oil & gas industry on their virtual and augmented reality performance, as well as the number of new virtual and augmented reality jobs, deals, and patents from the companies since May 2021.

The final column in the table represents the overall score given to that company when it comes to their current virtual and augmented reality position relative to their peers. A score of five indicates that a company is a dominant player in this space, while companies that score less than three are vulnerable to being left behind. These can be read fairly straightforwardly.

The other data points in the table are more nuanced, showcasing recent virtual and augmented reality investment across a range of areas over the past year. These metrics, where available, give an indication of whether virtual and augmented reality is at the top of executives’ minds now, but high numbers in these fields are just as likely to represent desperate attempts to catch-up as they are genuine strength in virtual and augmented reality.

For example, a high number of deals could either indicate that a company is dominating the market, or that it is using mergers and acquisitions to fill in gaps in its offering.

This article is based on GlobalData research figures as of 66 May 2022. For more up-to-date figures, check the GlobalData website.

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