The global oil & gas industry experienced a 50% drop in company filings mentions of ecommerce in Q3 2022 compared with the previous quarter, with the highest share accounted for by Reliance Industries , according to GlobalData’s analysis of over 98 oil & gas company filings.
Notably, ecommerce was one of the most frequently referenced themes in Q3 2022, ranking highest in terms of mentions, ahead of robotics and 3d printing, according to GlobalData.
Of the 50 leading companies in the oil & gas industry, Reliance Industries had the greatest increase in references for ecommerce in Q3 2022, compared with the previous quarter. GlobalData identified 29 ecommerce-related sentences in the company's filings - 30 % of all sentences - and an increase of 70% in Q3 2022 compared with Q2 2022. Air Liquide ’s mentions of ecommerce rose by 50% to 3 and Valero Energy ’s by 100% to 3.
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 ecommerce in Q3 2022 was 132.