Phillips 66 - Enterprise Tech Ecosystem Series

Phillips 66 - Enterprise Tech Ecosystem Series

Summary

Phillips 66 is an integrated energy company that operates through four business segments: midstream, chemicals, refining, and marketing and specialties. The midstream segment is engaged in transporting, terminalling, and processing crude oil and refined petroleum products, and transporting, storing, processing and marketing natural gas and natural gas liquids. The chemicals segment includes Phillips 66’s 50% investment in Chevron Phillips that is engaged in manufacturing and marketing plastics and petrochemicals across the world. The refining segment refines crude oil and other feedstocks into aviation fuels, distillates, and gasoline. The marketing and specialties segment markets refined petroleum products, primarily in the US and Europe. It is also engaged in producing and marketing lubricants, base oils and other such specialty products. Some of the company’s well-known brands are Phillips 66, Conoco, 76, JET and COOP, Kendall, and Red Line. The company operates in the US, Europe, Asia, the Middle East, and Africa.

This report provides insight into Phillips 66's technology activities, including -

• Insights of its digital transformation strategies and technology center & innovation program.
• Overview of technology initiatives covering partnerships, investments, and acquisitions.
• Insights on each technology initiative including technology theme, objective, and benefits.
• Details of estimated ICT budgets and major ICT contracts.

• Phillips 66 is utilizing a number of emerging technologies such as artificial intelligence, machine learning, energy storage, renewable energy, 5G, IoT, big data, cloud, industrial internet, electric vehicles and robotics to improve operational efficiency, diversify product portfolio, improve safety of workers, and contribute to a lower-carbon future.

• Gain insights into Phillips 66's technology operations.
• Gain insights into its technology strategies and innovation initiatives.
• Gain insights into its technology themes under focus.
• Gain insights into its various partnerships, investments and acquisitions.