Phillips 66 – Digital Transformation Strategies

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

The annual ICT spending of Phillips 66 was estimated at $847.7 million in 2021. A major share of this spending is earmarked for acquiring ICT services, software, and hardware from vendors. Phillips 66 is an integrated energy company that operates through four business segments: midstream, chemicals, refining, and marketing and specialties.

The Phillips 66 digital transformation strategies report will act as a reference point to understand the company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, investments, acquisitions, ICT spending among others.

Digital Transformation Strategies

Phillips 66 is focusing on deriving insights from big data to plan production at its oil and gas refineries as per demand fluctuation. The company uses real-time and historic data pertaining to demand, prices, production capacity, etc. to plan and manage production in line with the fluctuating demand and prices. Effective use of data analytics is helping the company to remain competitive and pivot quickly during the COVID-19 pandemic that has resulted in unprecedented fluctuations in demand for oil. The company is also utilizing artificial intelligence (AI) and machine learning (ML) technologies to predict maintenance requirements of equipment at its plants.

To gain more insights on digital transformation strategies and initiatives of Phillips 66, download a free report sample

Phillips 66 Technology Theme Focus

Phillips 66 is utilizing a number of emerging technologies including artificial intelligence, big data, and 5G to improve operational efficiency, diversify product portfolio, improve the safety of workers, and contribute to a lower-carbon future.

Phillips 66 Technology Theme Focus

To know about other technology themes under focus for the company, download a free report sample

Phillips 66 Technology Initiatives

Phillips 66 has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, acquisitions, and technology investments over the past few years.

For instance, Phillips 66 entered into a technology development agreement with NOVONIX, an Australia-based manufacturer and supplier of materials, services, and equipment to manufacturers of lithium-ion batteries across the world, to produce and sell advanced anode materials for use in lithium-ion batteries. The agreement is in line with Phillips 66’s strategy to support the development of America’s electric battery supply chain and emerge as a key player in the American electric vehicle supply chain.

For more insights on other technology initiatives of Phillips 66, download a free report sample

Phillips 66 ICT Spend by Function

  • Communications
  • Data center
  • Network
  • Application
  • End-user computing
  • Service desk
  • Management

 

Phillips 66 ICT Spend by Function

For more insights on ICT spending by function, download a free report sample

Phillips 66 ICT Spend by Channel

  • Internal development and maintenance
  • Technology vendors (direct)
  • Local resellers
  • Telcos
  • ICT services providers/Consulting firms
  • Specialist outsourcers
  • Systems integrators

Phillips 66 ICT Spend by Channel

For more insights on ICT spending by channel, download a free report sample

Phillips 66 External ICT Spend by Segment

  • ICT services
  • Software (including Cloud SaaS)
  • Hardware (including Cloud Iaas)
  • Network and communications
  • Consulting
  • Others

Phillips 66 External ICT Spend by Segment

For more insights on external ICT spending by segment, download a free report sample

Phillips 66 Digital Transformation Strategies Overview

Total ICT Spending 2021 $847.7 million
ICT Spend by Function Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management
ICT Spend by Channel Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators
External ICT Spend by Segment ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others
Technology Theme Focus Artificial Intelligence, Big Data, and 5G

 Phillips 66 – Digital Transformation Strategies Report Scope

 This report provides:

  • Insight into Phillips 66’s technology activities.
  • 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.

Reasons to Buy

  • 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.

NOVONIX
British Airways
Plug Power
Southwest Airlines
Faradion
AT&T
Accenture
OneBridge Solutions
W Energy Software
Square Robot
Veritank
Market Force Information
Sulzer
P97 Network
WEX
Honda Developer Studio
Visa
Mastercard
Seeq
Shell Rock.

Table of Contents

Table of Contents

Overview

Digital Transformation Strategy

Technology Center and Innovation Platform

Technology Focus

Technology Initiatives

Investments

Acquisitions

Partnership, Investments, and Acquisitions Network Map

ICT Budgets Contracts

Key Executives

About GlobalData

Frequently asked questions

Phillips 66 – Digital Transformation Strategies thematic reports
Currency USD
$1,495

Can be used by individual purchaser only

$2,990

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Phillips 66 – Digital Transformation Strategies was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Phillips 66 – Digital Transformation Strategies in real time.

  • Access a live Phillips 66 – Digital Transformation Strategies dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.