WisdomInterface
WisdomInterface
September 22, 2022
1 min read

Phillips 66 modernizes its business through digital transformation

Never in history had crude oil prices fallen below zero, but that is exactly what happened April 20, 2020. Oil production facilities, unable to cease operations, were filling up storage tanks faster than expected demand, forcing them to cut their losses by paying buyers to take oil off their hands. It was a huge disruption for an industry often plagued by market volatility, but Phillips 66 was able to weather the storm better than most. Its secret? A business transformation enabled by digital technology.

Operating for more than 140 years, Phillips 66 is a diversified energy manufacturing and logistics company that helps fulfill energy needs around the world.

Download this guide to learn more about how digital transformation modernizes its business.

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