Barclays says Agentic AI $80 bln game changer for energy sector leaders
Barclays sees Agentic AI a game-changer for European integrated energy firms, as it estimates a potential $80 billion productivity gain for the sector by 2030
Brokerage sees a widening gap between companies that can deploy AI technologies and the ones that can't, and estimates that of the $80 billion productivity gains, $65 billion comes from the upstream
Introduces an 'AI Readiness framework' to assess the likelihood for companies to capture this potential, dividing the sector in four categories: Ready, Investing, Assessing, Beginning
In its "Ready" top picks, Barclays identifies Aramco 2223.SE, ADNOC ADNOC.UL, Exxon XOM.N, Shell SHEL.L, TotalEnergies TTEF.PA and BP BP.L as clear leaders in AI adoption
"Middle Eastern companies benefit from a strong regional framework that accelerates AI integration, while European and US majors have long invested in digitalisation and are now ready to take the next transformative step with AI" - broker
COMPANY | RATING |
|---|---|
Aramco | Ready |
ADNOC | Ready |
Exxon | Ready |
Shell | Ready |
TotalEnergies | Ready |
BP | Ready |
Chevron | Investing |
Equinor | Investing |
Eni | Investing |
Repsol | Investing |
Aker BP | Investing |
Galp | Assessing |
OMV | Assessing |
Var Energi | Assessing |
Harbour Energy | Beginning |
Tullow Oil | Beginning |
Ithaca | Beginning |
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