Mentions of robotics increased by a CAGR of 27% in the oil & gas industry since 2020  

The global oil & gas industry experienced a 27% rise in compound annual growth rate (CAGR) in company filings mentions of robotics since 2020. Key companies in terms of mentions include AeroVironment, Helix Energy Solutions, and Oceaneering International, according to GlobalData’s analysis of over 1,050 oil & gas company filings. 

Notably, since 2020, robotics was the most referenced technology theme in terms of mentions, followed by artificial intelligence and internet of things, according to GlobalData's Company Filings database. Mentions related to robotics increased by 8% year-on-year in 2021 and by 10% year-on-year in 2022. 

Of the 50 leading companies in the oil & gas industry, Li-S Energy had the highest year-on-year increase in references to robotics in 2022. GlobalData identified 11 robotics related sentences in the company's filings in 2022, 1% of all sentences. Meanwhile, Sasol had the highest year-on-year increase in references for robotics in 2021. GlobalData identified 7 robotics related sentences in the company's filings in 2021, 1% of all sentences.

GlobalData’s Company Filings Analytics also applies a sentiment weight to reference sentences, based on how positive the sentiment has turned. Sentiment score is based on the level of positivity on a scale of 0 to 1. The average sentiment score for robotics in 2022 was 0.82, which was more positive compared to the average industry sentiment of 0.63.

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

Global Data’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.