The global oil & gas industry experienced a 61% drop in company filings mentions of artificial intelligence in Q3 2023 compared with the previous quarter, with the highest share accounted for by SK Innovation with 250% year-on-year increase, according to GlobalData’s analysis of over 124 oil & gas company filings. GlobalData’s Oil & Gas: Filings Trends & Signals Q3 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, artificial intelligence was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of 3d printing and advanced materials, according to GlobalData.
Of the top leading companies in the oil & gas industry, SK Innovation had the greatest increase in references for artificial intelligence in Q3 2023, compared with the previous quarter. GlobalData identified seven artificial intelligence-related sentences in the company's filings - 0.6% of all sentences - and an increase of 250% in Q3 2023 compared with Q3 2022. Reliance Industries’s mentions of artificial intelligence dropped by 95% to 5 and Baker Hughes’s by 73% to 4 and Williams’s by 300% to 4 and Diamondback Energy’s by 100% to 2.
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 2023 was 94.
For further understanding of GlobalData's Oil & Gas: Filings Trends & Signals Q3 2023, buy the report here.