The global oil & gas industry experienced a 62% drop in company filings mentions of cloud in Q3 2023 compared with the previous quarter, with the highest share accounted for by Reliance Industries with 78% year-on-year decrease, according to GlobalData’s analysis of over 64 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, cloud was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of social and esports, according to GlobalData.
Of the top leading companies in the oil & gas industry, Reliance Industries had the greatest increase in references for cloud in Q3 2023, compared with the previous quarter. GlobalData identified 11 cloud-related sentences in the company's filings - 0.4% of all sentences - and a decrease of 78% in Q3 2023 compared with Q3 2022. Williams’s mentions of cloud dropped by 33% to 2 and YPF’s by 67% to 1.
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 cloud in Q3 2023 was 125.
For further understanding of GlobalData's Oil & Gas: Filings Trends & Signals Q3 2023, buy the report here.