The global oil & gas industry experienced a 12% rise in company filings mentions of artificial intelligence in Q1 2023 compared with the previous quarter, with the highest share accounted for by PTT Exploration and Production Public with 12% year-on-year increase, according to GlobalData’s analysis of over 122 oil & gas company filings. The growing application of artificial intelligence will prove to have a transformative impact across oil and gas sector. GlobalData’s Artificial Intelligence (AI) Market Size, Share, Trends, Analysis and Forecast report helps keep abreast of the latest trends in artificial intelligence, market opportunity forecast and the competitive landscape. Buy the report here.
Notably, artificial intelligence was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of robotics and internet of things, according to GlobalData.
Of the 50 leading companies in the oil & gas industry, PTT Exploration and Production Public had the greatest increase in references for artificial intelligence in Q1 2023, compared with the previous quarter. GlobalData identified 66 artificial intelligence-related sentences in the company's filings, an increase of 800% in Q1 2023 compared with Q4 2022. Saudi Arabian Oil's mentions of artificial intelligence rose by 100% to 3 and Baker Hughes's by 100% to 1 and Devon Energy's by 100% to 1 and Halliburton's by 100% 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 artificial intelligence in Q1 2023 was 101.
To further understand GlobalData's analysis on Artificial Intelligence (AI) Market Size, Share, Trends Analysis, and Segment Forecast 2021-2026 , buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
