The global oil & gas industry experienced a 75% drop in company filings mentions of internet of things in Q3 2023 compared with the previous quarter, with the highest share accounted for by Woodside Energy Group with 56% year-on-year decrease, according to GlobalData’s analysis of over 65 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, internet of things was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of big data and low cost evolution, according to GlobalData.
Of the top leading companies in the oil & gas industry, Woodside Energy Group had the greatest increase in references for internet of things in Q3 2023, compared with the previous quarter. GlobalData identified four internet of things-related sentences in the company's filings - 0.4% of all sentences - and a decrease of 56% in Q3 2023 compared with Q3 2022. Reliance Industries’s mentions of internet of things dropped by 97% to 2 and YPF’s by 75% to 2 and Indian Oil’s by 93% to 1 and Pioneer Natural Resources’s by 75% 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 internet of things in Q3 2023 was 108.
For further understanding of GlobalData's Oil & Gas: Filings Trends & Signals Q3 2023, buy the report here.