Energy CEOs highlight returns, competitiveness and human judgement in an increasingly technology-driven industry

AI featured prominently throughout the discussion, with executives pointing to opportunities to improve productivity, operational performance and decision-making. Yet enthusiasm for technology was consistently accompanied by a focus on commercial outcomes. Return on investment emerged repeatedly as a key consideration, reinforcing the importance of translating technological promise into demonstrable value.

The discussion also highlighted the continuing competitive position of Middle Eastern oil producers. There was broad agreement among the panellists that, whenever the last barrel of oil is eventually produced, it is likely to come from the region. As competition for investment intensifies, production costs, resource quality and reliability of supply will remain important determinants of competitiveness.