The global oil & gas industry experienced a 17% decline in the number of artificial intelligence-related patent applications in Q4 2023 compared with the previous quarter. The total number of artificial intelligence-related grants dropped by 1% in Q4 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Oil & Gas: Patents Trends Q4 2023 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.

Smarter leaders trust GlobalData

Report-cover

Premium Insights Oil & Gas: Patents Trends Q4 2023

Buy the Report

Premium Insights

The gold standard of business intelligence.

Find out more

Notably, the number of artificial intelligence-related patent applications in the oil & gas industry was 322 in Q4 2023, versus 387 in the prior quarter.

The top five companies accounted for 38% of patenting activity

Analysis of patenting activity by companies shows that Schlumberger filed the most artificial intelligence patents within the oil & gas industry in Q4 2023. The company filed 31 artificial intelligence-related patents in the quarter, compared with 33 in the previous quarter. It was followed by China Petrochemical with 26 artificial intelligence patent filings, Halliburton (26 filings), and Fuji Oil (21 filings) in Q4 2023.

Patenting activity was driven by the US with a 32% share of total patent filings

The largest share of artificial intelligence related patent filings in the oil & gas industry in Q4 2023 was in the US with 32%, followed by China (29%) and Japan (4%). The share represented by the US was 5% higher than the 27% share it accounted for in Q3 2023.

For further understanding of GlobalData's Oil & Gas: Patents Trends Q4 2023, buy the databook here.

This content was updated on 23 January 2024

Premium Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

GlobalData

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.