The global oil & gas industry experienced a 21% drop in company filings mentions of cybersecurity in Q3 2023 compared with the previous quarter, with the highest share accounted for by Williams with 53% year-on-year increase, according to GlobalData’s analysis of over 339 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, cybersecurity was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of governance and social media, according to GlobalData.
Of the top leading companies in the oil & gas industry, Williams had the greatest increase in references for cybersecurity in Q3 2023, compared with the previous quarter. GlobalData identified 46 cybersecurity-related sentences in the company's filings - 2% of all sentences - and an increase of 53% in Q3 2023 compared with Q3 2022. APA’s mentions of cybersecurity rose by 120% to 22 and Plains All American Pipeline’s by 11% to 17 and Oneok’s by 300% to 16.
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 cybersecurity in Q3 2023 was 263.
For further understanding of GlobalData's Oil & Gas: Filings Trends & Signals Q3 2023, buy the report here.