
How AI And Technology Are Reshaping The Oil And Gas Workforce
The term 'roughneck' conjures up images of rough-looking, greasy oilfield workers, sort of an iconic visual depiction, like those of cowboys of the old West. In those days, long past, the progress of operations carried out on an oilfield location was determined solely by the grit and tenacity of the workers involved, the roughnecks. Today, the industry is undergoing a transformation driven by artificial intelligence and advanced technologies. Times are uncertain for those old-school roughnecks that still go to work every day in the patch; their numbers are much smaller in size as operations move at the speed of light due to efficiency; new workers come in with new skills.Efficiency Displaces Workers
First came significant gains in efficiency, making operations that would historically take months now trimmed down to just days or weeks. The new speed of these operations resulted in a significant reduction in the number of workers required. One example is the state of Oklahoma, which has lost nearly a third of its oil and gas workforce since 2019; much of that workforce was lost during a time of prosperity and record profits. Twenty percent of Oklahoma's workforce is in oil and gas, so they have some challenges ahead when it comes to retraining workers who this shift in the industry will displace.Another efficiency gain in the industry is reducing unplanned downtime costs. By utilizing technology that can significantly reduce human error, companies can save millions of dollars annually. According to Aberdeen Research, a company will spend thirty-eight million dollars a year on unplanned downtime costs, primarily due to human error ( Ryan Arsenault, 2016). AI predictive maintenance is changing this by catching equipment failures before they occur.
Advanced Technology Requires More Skilled WorkersTraditionally, most oil and gas workers could start their careers with no formal college education. These were manual labor positions that could only be learned through on-the-job training. Today, robotics and drones are used to inspect pipelines and rigs. At the same time, autonomous drilling systems utilize artificial intelligence (AI) to adjust parameters in real time, thereby reducing the nee human oversight. This shift means that companies are now seeking AI specialists, data scientists, and robotics engineers. There is a growing demand for hybrid-type roles that combine petroleum engineering with AI expertise. This shift in technology and streamlined corporate structures where oilfield service companies transition from owning more expensive assets to being technology focused is also creating better profit margins without the need to increase capex (Linnane, 2025).
Fortunately, the very thing that is reshaping the workforce in the oil and gas industry is also the thing that can train the workers. As the oil and gas industry faces a workforce crisis, where forty percent of skilled workers are expected to retire by 2030, it is AI itself that can bridge the gap and equip existing workers with the skills they need moving forward. Augmented Reality training teaches workers to use AI-guided simulators instead of shadowing veterans. Digital twins, combined with AI, can recreate a digital version of any project or job to train workers on a step-by-step basis of how to perform tasks.
Tech Is Replacing the Roughneck
The oil and gas workforce of today looks significantly different from what it was just a decade ago, as the industry relies less on instinct and grit and more on data and technology. Many existing jobs will be replaced as part of this change, while new ones will emerge. One thing is sure: this is creating a much safer workplace than ever before, as we utilize technology to remove people from the most hazardous situations. Shell was able to achieve a forty percent reduction in equipment failures, and a thirty-five percent reduction in unplanned downtime (Insights Global, 2025). Reducing equipment failures and downtime also reduced the amount of time that employees are exposed to hazardous situations. This is particularly beneficial for oil and gas workers who labor through the boom-and-bust cycle of the industry, as these new skills will provide them with access to more opportunities and jobs outside of the industry during those downturns.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 minutes ago
- Yahoo
Vertiv (VRT) Gets Price Target Boosts from Barclays and Oppenheimer
Vertiv Holdings Co (NYSE:VRT) is one of the . On July 31, Barclays analyst Julian Mitchell raised its price target for the stock from $110 to $128 while maintaining an 'Equal Weight' rating. The rating affirmation follows Vertiv's earnings report that has boosted confidence in its sales targets for 2026. The analysts also talked about how Vertiv's operating leverage is rebounding. A data analyst pouring over a chart, the intricacies of its lines being revealed. In other news, Oppenheimer analyst Noah Kaye raised the price target on Vertiv to $151 from $140, while maintaining an 'Outperform' rating. Vertiv Holdings Co (NYSE:VRT) is a global provider of digital infrastructure technology and services for data centers, communication networks, and commercial and industrial facilities. While we acknowledge the potential of VRT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Must-Watch AI Stocks on Wall Street and Disclosure: None. Sign in to access your portfolio
Yahoo
6 minutes ago
- Yahoo
Magnitude Of Roblox's Q2 Beat Unexpected, Says Analyst
Roblox Corp (NYSE:RBLX) is experiencing a significant market shift, with second-quarter bookings and user engagement metrics signaling a robust recovery, despite a mixed financial report. The gaming platform, propelled by viral game successes and expanding reach, is seeing a positive reevaluation of its growth outlook. Following the release of its quarterly results, Wall Street analysts have revised their price forecasts upward. Wedbush's Alicia Reese raised her forecast from $142 to $165, maintaining an Outperform Bernie McTernan increased his forecast from $79 to $159, and Bank of America Securities' Omar Dessouky lifted his forecast from $133 to $159. Reese, viewing Roblox as the most compelling growth story in gaming, highlighted the company's record-breaking second-quarter performance. Bookings surged 50% year-over-year to $1.44 billion, far exceeding her $1.19 billion estimate and the consensus estimate of $1.24 billion. Adjusted EBITDA rose 180% to $205 million, slightly surpassing guidance but missing consensus. Daily active users hit 111.8 million, above her forecast of 92.8 million, and engagement soared to 27.8 billion hours, surpassing the estimated 22.2 billion. Monetization also exceeded expectations, with average bookings per user at $12.86. Looking ahead, Reese raised her fiscal 2025 forecast and projects double-digit growth through 2027, with a return to 20% year-over-year growth after tough comparisons in 2026. She expects the third quarter to benefit from multiple viral games, suggesting operating leverage and revenue per engineer will grow as the platform scales. McTernan, following a strong second-quarter performance, raised his 2025 and 2026 adjusted EBITDA estimates by 21% and 45%, respectively. He sees Roblox's growth potential as driven by AI leadership and a strong pipeline of viral games. Bookings rose 51% year-over-year, up from 31% in the prior quarter, fueled by five experiences reaching over 10 million daily active users. McTernan raised his bookings estimates by 11% for 2025 and 23% for 2026, with a corresponding boost to EBITDA. His base case assumes Roblox will hit $20 billion in bookings by 2031, though his bull case expects this milestone one to two years earlier, supported by a 40% compound annual growth rate (CAGR) in bookings and nearly 60% CAGR in EBITDA. McTernan also sees growth from advertising and margin expansion in 2026. Dessouky of Bank of America also increased his price forecast following the company's quarterly beat, particularly noting the 51% year-over-year surge in bookings. He said the magnitude of the second quarter beat was unexpected. Growth was driven not only by the hit title Grow a Garden but also by a 90% increase in Tier 2 games. Daily active users grew 41% year-over-year, suggesting that Roblox is deepening its penetration into the 13+ demographic and alleviating concerns of market saturation. Operating expenses related to infrastructure and trust & safety (IT&S) rose $18 million sequentially, but Dessouky saw this as a positive sign, noting a 10% drop in cost per engagement hour. Guidance for the third quarter also exceeded expectations, with bookings growth forecasted at 41%, compared to BofA's 23% estimate. Dessouky raised his full-year 2025 bookings estimate to $6.06 billion and EBITDA to $1.41 billion, up from $5.59 billion and $1.24 billion, respectively. Despite potential challenges from new leadership and tough comps in 2026, he expects the company to reaffirm its +20% year-over-year growth forecast. He also projects margin expansion of 100 basis points in 2025 and over 300 basis points in 2026–27. Price Action: RBLX stock is trading lower by 7.57% to $127.36 at last check Friday. Photo via Shutterstock Latest Ratings for RBLX Date Firm Action From To Mar 2022 Deutsche Bank Initiates Coverage On Buy Mar 2022 Jefferies Maintains Hold Feb 2022 Truist Securities Maintains Buy View More Analyst Ratings for RBLX View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Magnitude Of Roblox's Q2 Beat Unexpected, Says Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
6 minutes ago
- Yahoo
Stocks to watch next week: BP, Diageo, Disney, Uber and WPP
This week several key companies are set to release earnings, giving markets some insight into their performance and future prospects. BP (BP.L) will report its second-quarter results on Tuesday, with analysts expecting earnings of $1.35 per share and $60bn (£45.2bn) in revenue. Investors will focus on the company's oil and gas output, capital expenditure plans, and any updates regarding its transition to cleaner energy sources. Diageo (DGE.L) is set to release its full-year results also on Tuesday, with expectations for continued growth driven by strong demand for its premium spirits. Investors will be focused on the company's sales trends in key markets like the US and China, as well as any updates on its acquisitions and sustainability initiatives. Walt Disney (DIS) will release its results on Wednesday, with attention on its media networks, theme parks, and streaming services. Analysts expect earnings of $1.47 per share and $23.7bn in revenue, and investors will be watching for updates on subscriber growth for Disney+ and the recovery of its parks business. Uber Technologies (UBER) will also report its second-quarter results on Wednesday, with analysts projecting earnings of $0.62 per share and $12.46 bn in revenue. The stock's performance will hinge on how well Uber can continue to grow its ride-hailing and food delivery services, as well as how management addresses rising competition and regulatory challenges. WPP (WPP.L) will report its second-quarter results on Thursday, with attention on the strength of its advertising business amid economic challenges. Analysts will be looking for insights into performance across its global markets and any potential impact from shifting marketing budgets. Here's more on what to look out for: BP (BP.L) — releases second-quarter results on Tuesday 5 August BP's (BP.L) second-quarter update comes at a challenging time for the oil major, as it faces declining oil and gas prices. The company has yet to deliver a meaningful boost to shareholder returns since its strategy shift, and activist investor Elliott has raised concerns over its lagging performance. First-quarter results showed weak cash flow and pressure on its refining margins, with the second-quarter numbers expected to be similarly muted. Analysts predict a pre-tax profit of $4.6bn, up from $4.2bn in Q1 but still below the $6bn levels BP enjoyed in the past. The company's cash flow, especially with rising net debt, remains a key issue, with net debt forecast to stand at $24.9bn by Q1 2025. "BP (BP.L) is under significant pressure, especially with oil and gas prices continuing to slide and its renewable transition struggling to gain momentum," Russ Mould, AJ Bell investment director, Danni Hewson, AJ Bell head of financial analysis and Dan Coatsworth, AJ Bell investment analyst, wrote. "The company's cash flow and its rising debt will be top of mind for investors, and any plans to offload underperforming assets, like Castrol, will be crucial in reducing debt and stabilising the company's balance sheet." Read more: Defence companies post strong results as UK investors back the sector over AI In the face of weaker refining results and less volatility in trading operations, shareholders are looking to the company's management for insights into the future of its asset disposal programme, particularly concerning its underperforming Castrol unit. "BP's (BP.L) transition strategy, while well-intentioned, has yet to show the kind of returns investors were hoping for," AJ Bell added. "This second-quarter report will be critical in signalling whether BP is capable of improving its cash flow and reducing its debt burden while staying on course for its long-term energy transition." Investors will also be keen to know more about the rumour that rival Shell (SHEL.L) was in talks to buy the oil major. Both companies have denied the possibility of a merger but markets still believe BP (BP.L) to be a firm takeover target. "The fact rumours keep circulating might suggest there is some truth in the matter, be it Shell or someone else looking to buy the UK oil and gas producer," Dan Coatsworth, an investment analyst at AJ Bell, said. 'Shell says it hasn't been actively considering an offer, but that doesn't mean it won't do so in the future.' BP (BP.L) was once valued at more than £140bn but is currently valued at £57bn. Its relatively cheap valuation compared to its peers makes it a firm takeover target for larger companies in the oil and gas sector. It has lost almost a quarter of its value over the last two years, while its competitors in Europe and the US have managed to grow and rake in record profits. Diageo (DGE.L) — releases full-year results on Tuesday 5 August Shares in Diageo (DGE.L), which have fallen nearly 25% in 2025, remain at levels not seen since 2016. The drinks giant, home to key brands like Johnnie Walker, Smirnoff, and Guinness, has struggled with several pressures. These include shifting drinking habits, particularly among younger consumers who are turning away from alcohol, and the impact of inflation, which has pushed many to opt for cheaper alternatives. Adding to concerns, Diageo's (DGE.L) CEO, Debra Crew, recently resigned, casting further doubt on the company's performance. Despite these challenges, management has maintained its previous guidance, which will serve as a benchmark for the upcoming figures. Interim CEO and CFO, Nik Jhangiani, will present the results for the year ending June, where analysts expect a modest 1.4% organic sales growth to $20.2bn, with operating profits projected to drop slightly to $5.7bn. "Diageo's struggle with evolving consumer habits and inflationary pressures is reflected in its underperformance this year," AJ Bell analysts said. "The resignation of CEO Debra Crew adds uncertainty, but the company's guidance remains a critical point for comparison, and investors will be looking for concrete actions on debt and operational restructuring." Regional performance will be a key area of focus, particularly in Latin America, where the company has continued to struggle. Investors will also be watching for updates on the company's Accelerate turnaround programme and any news regarding its $20bn net debt, which could signal future asset sales. "Management will need to address its debt pile more proactively if it intends to stem the tide of negative sentiment around its long-term strategy," according to Mould, Coatsworth and Hewson. Analysts expect a modest increase in Diageo's (DGE.L) dividend, from $1.0348 last year to $1.037 per share, though this may be offset by the stronger US dollar. No share buybacks are currently in place, and Diageo's cash flow and debt reduction plans will be scrutinised, AJ Bell wrote. Walt Disney (DIS) — Reports second-quarter earnings on Wednesday 6 August Walt Disney (DIS) is set to report its earnings for the quarter ended June 2025 on 6 August, and analysts are generally optimistic. The company is expected to see a year-over-year increase in earnings, driven by higher revenues. The consensus from Zachs Equity Research suggests that Disney will post earnings of $1.47 per share, which would represent a 5.8% year-over-year increase. Revenues are projected to be $23.7bn, a 2.4% rise compared to the same quarter last year. These expectations suggest steady growth, but how the actual results stack up against these estimates could have a significant impact on Disney's stock price in the short term, analysts warned. Disney's (DIS) stock could experience an upward move if the company reports earnings that exceed analyst expectations. A strong beat on key metrics could signal strength in its core businesses, such as theme parks and streaming services, which investors will be closely watching. Read more: The 'cheapest' stocks on FTSE 100 as UK blue-chip index trades at record high However, if Disney (DIS) misses earnings expectations, particularly in its critical media and entertainment divisions, the stock may react negatively. The company's long-term outlook will also depend on its ability to navigate ongoing challenges in the streaming market and its response to changing consumer trends. Disney's performance in Q2 2025 will be closely scrutinised for signs of continued revenue growth, especially in its streaming platforms like Disney+, ESPN+, and Hulu. Analysts will be keen to understand if the company's is able to balance its traditional media business with new-age streaming modes. Uber (UBER) — Reports second-quarter earnings on Wednesday 6 August Wall Street is anticipating a year-over-year increase in earnings for Uber Technologies (UBER) when the company reports its Q2 2025 results. The consensus outlook suggests higher revenues and stronger earnings growth, but how Uber's actual results compare to these expectations will play a major role in determining the stock's short-term price movement. The Zacks Consensus Estimate expects Uber to post earnings of $0.62 per share, marking a 31.9% increase from the same period last year. Additionally, revenues are projected to reach $12.46bn, up 16.4% year-over-year. Uber (UBER) has consistently beaten earnings estimates in recent quarters, which increases the probability of a strong performance in Q2 2025. In the most recent quarter, Uber was expected to report $0.51 per share, but it actually posted $0.83, delivering a +62.75% earnings surprise. This marks four consecutive earnings beats for the company. WPP (WPP.L) — reports half-year results Thursday 7 August WPP (WPP.L) is facing a challenging year. With shares down nearly 50% in 2025, and currently at a 16-year low, the advertising and media giant has been rocked by a profit warning issued in June. Analysts are concerned about the firm's ability to adapt to the rapidly changing industry landscape, including the growing influence of AI and changing client demands. WPP (WPP.L) has already acknowledged losing key accounts and signalled ongoing weakness in China, while macroeconomic conditions have dampened demand for big-ticket ad campaigns. The company has lowered its full-year guidance, expecting a decline in like-for-like sales of 3-5% for 2025. In response, the board has fast-tracked a CEO succession plan, with Cindy Rose set to take the helm from Mark Read on 1 September. Read more: London IPO fundraising slumps in blow to UK Operating profit for the first half is expected to be between £400m and £425m, down from prior expectations. Analysts are also eyeing WPP's decision on its dividend. After a 15p interim payout last year and a total of 39.4p for 2024, a dividend cut is now considered a possibility. WPP (WPP.L) last ran a share buyback in 2022. "WPP is facing both cyclical and structural headwinds, from reduced campaign spend to the disruptive effects of AI," said AJ Bell. "The new leadership, with Cindy Rose stepping in next month, will need to act decisively to reverse the company's fortunes, or investors will likely see further deterioration in the share price." Other companies reporting next week include: Monday 4 August Mitsubishi (8058.T) Rohm (6963.T) Berkshire Hathaway (BRK-B) Palantir (PLTR) Axon (AXON) Simon Property (SPG) BioNTech (BNTX) ON Semiconductor (ON) Tyson Foods (TSN) Lowes (LOW) Vornado (VNO) Lattice Semiconductor (LSCC) Tower Semiconductor (TSEM) Tuesday 5 August Smith & Nephew (SN.L) Fresnillo (FRES.L) Rotork (ROR.L) Travis Perkins (TPK.L) Globaldata (DATA.L) Domino's Pizza (DPZ) Keller (KLR.L) Serica Energy (SQZ.L) Capita (CPI.L) SIG (SHI.L) Zotefoams (ZTF.L) Softbank (9984.T) Mazda Motors (7261.T) Saudi Aramco ( DHL ( Infineon Technologies ( Banco BPM ( Continental ( Fresenius Medical Care (FMS) Banca Monte Paschi di Siena ( Adecco (0QNM.L) Hugo Boss ( AMD (AMD) Caterpillar (CAT) Amgen (AMGN) Pfizer (PFE) Gilead Sciences (GILD) Marriott (MAR) Zoetis (ZTS) Marathon Petroleum (MPC) Cummins (CMI) Yum! Brands (YUM) Super Micro Computer (SMCI) Fox (FOX) News Corp (NWS) Yum! China ( Ball Corp (BALL) Snap (SNAP) Rivian Automotive (RIVN) Mosaic (MOS) Molson Coors (TAP) Cirrus Logic (CRUS) Novanta (NOVT) Wednesday 6 August Glencore (GLEN.L) Legal & General (LGEN.L) Coca-Cola Hellenic Bottling (CCH.L) Tritax BigBox (BBOX.L) Lancashire (LRE.L) 4Imprint (FOUR.L) Vesuvius (VSVS.L) Ibstock (IBST.L) NTT (9613.T) Honda Motors (7267.T) Cathay Pacific ( Novo Nordisk (NVO) Generali ( Beiersdorf ( Siemens Energy ( Ahold Delhaize ( Vonovia ( Bayer ( Fresenius ( Commerzbank ( ABN Amro ( Zalando ( McDonald's (MCD) Shopify (SHOP) Applovin (APP) DoorDash (DASH) Thomson Reuters (TRI) Airbnb (ABNB) Emerson (EMR) CRH (CRH) AIG (AIG) DraftKings (DKNG) Zillow (Z) Pan American Silver (PAAS) New York Times (NYT) Lyft (LYFT) Kulicke & Soffa (KLIC) Thursday 7 August InterContinental Hotels (IHG.L) Hikma Pharmaceuticals (HIK.L) Harbour Energy (HBR.L) Deliveroo (ROO.L) Spectris (SXS.L) Serco (SRP.L) Just Group (JUST.L) Dowlais (DWL.L) Mears (MER.L) Vanquis Banking (VANQ.L) Sony (6758.T) Kobe Steel (KBSTF) Swire Pacific ( Deutsche Telekom ( Siemens ( Allianz ( Zurich ( Merck (MRK) AP Møller-Maersk ( Uniper ( Eli Lilly (LLY) ConocoPhillips (COP) Constellation Energy (CEG) Take Two Interactive (TTWO) Flutter Entertainment (FLTR.L) Microchip (MCHP) Wheaton Precious Metals (WPM) Warner Bros Discovery (WBD) Formula One (FWONK) Pinterest (PINS) Zimmer Biomet (ZBH) Liberty Broadband (LBRDA) Dropbox (DBX) Millicom (TIGO) B2Gold ( Friday 8 August Bridgestone (5108.T) Olympus (7733.T) Sharp (6753.T) Munich Re ( RTL ( You can read Yahoo Finance's full calendar here.