AI @ ConocoPhillips

Morgan Stanley reduced price targets on ConocoPhillips citing better upside in other AI-related stocks despite recognizing ConocoPhillips’ AI potential.

• Yahoo Finance: Morgan Stanley Reduces PT on ConocoPhillips (COP) Stock

Leadership under CEO Ryan Lance emphasizes AI’s role; AI-powered transformation reported; large language models are used to autonomously extract critical information; AI-driven layoffs and workforce reshaping noted; company evaluates data center partnerships aligned with AI data demand.

• CIO.com: AI-powered transformation at ConocoPhillips is fueling the future
• KHOU: ConocoPhillips layoffs spark big debate about AI and workforce
• OnePetro: Efficient Field Development Decisions Driven by Artificial Intelligence

Broad industry discussion on AI's intersection with oil and gas; ConocoPhillips analyzed for its AI market strategy and AI-driven energy demand; use of AI models in artificial lift optimization highlighted.

• Oglawyers: The Intersection of AI and the Oil & Gas Industry
• Monexa AI: ConocoPhillips: Market Strategy and AI Energy Demand
• OPX AI: Importance of High-Quality Data for Plunger Lift Optimization

Market recognition as an AI growth stock; digital data and AI being actively used although details limited; monitoring of AI-driven trends impacting the company's valuation and positioning.

• Insider Monkey: ConocoPhillips Makes It On UBS' List Of Stocks For The AI Growth Era

Implemented AI and ML automated workflows enhancing decision-making for Permian Basin assets; integrated geological, completion, and performance data for improved development speed; utilized AI data for plug and abandonment planning.

• OilGasLeads: AI and ML Workflows Enhance ConocoPhillips' Decision Making for Permian Basin Assets
• SPE: ConocoPhillips Optimizes Decision Making With AI-Powered Workflows
• Yahoo Finance: ConocoPhillips Taps Raptor Data for Plug & Abandonment Work

Continued AI patent activity including technologies for resource development; disclosed considerations on AI impact and sustainability targets in stockholder meeting.

• Offshore Technology: ConocoPhillips AI Patents and Innovation Update
• ConocoPhillips: 2024 Annual Meeting of Stockholders Answers to Questions

Showcased innovative AI-driven predictive modeling and real-time data analysis for reservoir challenges; held five AI-related patents; expanded machine learning use in geological data interpretation to identify drilling sites.

• SPEGCS: Transforming Reservoir Challenges into Opportunities with AI
• PitchGrade: ConocoPhillips AI Use Cases 2024
• Offshore Technology: ConocoPhillips in artificial intelligence: Theme innovation strategy

Company-wide adoption of digital twin technology across portfolio, improving management of artificial lift, well interventions, and mature fields with AI and data analytics.

• cio.com: ConocoPhillips goes global with digital twins
• SPE: ConocoPhillips Goes Global With Digital Twins - JPT

Operational optimization in the Lower 48 achieved via machine learning models leading to more than 60 feet gained per day in drilling; new partnership with Wyld Networks announced to leverage AI technologies.

• ConocoPhillips: How ConocoPhillips is leveraging data to optimize its Lower 48 operations
• directorstalk.net: Wyld Networks signs agreement with ConocoPhillips

Enterprise-wide deployment of Schlumberger’s cloud-based DELFI cognitive E&P environment, integrating AI and cloud workflows for exploration and production efficiency.

• Schlumberger: Schlumberger Announces Deployment of Reservoir DELFI for ConocoPhillips

Initiation of advanced seismic processing and machine learning platforms spearheaded by ConocoPhillips, leveraging Spark for high-performance computing in seismic data analytics.

• The Next Platform: ConocoPhillips Sparks Tooling For Seismic HPC, Cloud, AI