Though significantly bolstered by one industry giant’s presence in South Australia, oil and gas remains a key sector for the state making up 41.8 per cent of the 2023 SA Business Index’s total value.

The industry also trumps the second most valuable sector – financial services – by nearly 30 per cent.

However, this year InDaily’s South Australian Business Index has detailed a major dive for companies in the oil and gas sector down the rankings of the Index.

In total, companies in the industry fell 80 spots cumulatively, with one company in particular suffering a 27-ranking tumble. Others on the list in the sector fell by 16, 19 and 18 spots.

On the other end of the spectrum, this year’s biggest riser shot up 40 spots, demonstrating the strength of the most-represented sector on 2023’s Index: resources.

The South Australian Business Index is the state’s most credible snapshot of our leading private and public companies and is based on independent research by partners Taylor Collison.

Rankings will be released at the South Australian Business Index lunch and networking event on Friday, October 20 at the Adelaide Convention Centre.

It is an opportunity for the state’s business community to discover how the make-up of the Index has changed over the 12 months and discuss what it reveals about the state’s economic future.

This year’s event will also feature more time for networking, so don’t miss out.

Purchase your individual ticket or table of 10 now.