The global oil & gas industry experienced a 26% drop in company filings mentions of artificial intelligence in Q3 2022 compared with the previous quarter, with the highest share accounted for by Reliance Industries , according to GlobalData’s analysis of over 162 oil & gas company filings.
Notably, artificial intelligence was one of the most frequently referenced themes in Q3 2022, ranking highest in terms of mentions, ahead of advanced materials and internet of things, according to GlobalData.
Of the 50 leading companies in the oil & gas industry, Reliance Industries had the greatest increase in references for artificial intelligence in Q3 2022, compared with the previous quarter. GlobalData identified 85 artificial intelligence-related sentences in the company's filings - 53 % of all sentences - and an increase of 750% in Q3 2022 compared with Q2 2022. Air Liquide ’s mentions of artificial intelligence rose by 59% to 78 and Baker Hughes’s by 10% to 11.
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 artificial intelligence in Q3 2022 was 105.