AI @ Phillips 66
Summary
- Phillips 66 has progressively integrated artificial intelligence across its operations since at least 2018, with strong adoption growing especially between 2023 and 2026, including AI applications in equipment design, midstream asset management, cybersecurity, data protection, and customer checkout experience.
- Significant financial moves include a $2.2 billion acquisition of EPIC NGL in early 2025 to enhance midstream capabilities and a $2.4 billion capex budget approved for 2026 to expand refining and midstream capacities aligning with digital transformation and AI-driven operational improvements.
- Notable initiatives include collaboration with Shoreline AI for midstream operations optimization, use of AI with Seeq software to minimize coke drum blowouts, deployment of AI-powered bulk scanning checkout solutions with Mach 1 and NCR Voyix, and strategic focus on operational discipline and shareholder return amidst rising digital transformation.
VIBE METER
5 AI Use Cases at Phillips 66
Predictive Maintenance2026
Checkout Automation2025Customer Facing
Asset Management2024
Data Protection2024
Equipment Design2023
Timeline
2026 Q1
Phillips 66 employed Seeq's advanced analytics software to detect and minimize coke drum blowouts, applying AI for predictive maintenance and operational reliability improvements.
2025 Q4
Phillips 66 raised its 2026 capital expenditure plan to $2.4 billion, focusing on growth and expansion in refining and midstream assets. The company also maintained strong investor sentiment supported by AI innovation narratives and infrastructure projects like the Western Gateway Pipeline.
2025 Q3
Phillips 66 faced a significant $605 million legal judgment for trade secret misappropriation after a 2024 trial, signaling risks in IP management. The company also secured a supply deal for graphite anode coke from the Lake Charles refinery, supporting lithium-ion battery materials production.
2025 Q2
Phillips 66 completed the EPIC NGL acquisition for $2.2 billion, reinforcing its midstream portfolio. They also leveraged AI in collaboration with Shoreline AI and AWS to enhance midstream operational insights and resilience against activism pressures.
2025 Q1
Phillips 66 and Mach 1 launched an AI-driven automated bulk scanning checkout solution, improving speed and accuracy of fuel and convenience store customer transactions. The company also completed a $2 billion acquisition of EPIC NGL to enhance its midstream infrastructure.
2024 Q4
Multiple initiatives highlighted Phillips 66's digital transformation by adoption of AI, cloud, and big data, including partnership with Shoreline AI to transform midstream operations and CEO Greg Lashier emphasizing AI as core to innovation.
- AI Insider: Phillips 66 & Shoreline AI Discuss How AI is Transforming Midstream Operations
- Global Data: Phillips 66 – Digital Transformation Strategies
- Phillips 66: Lashier talks energy on OKC executive panel
- American Fuel & Petrochemicals Manufacturers: AI 101 — Introduction to Artificial Intelligence
2024 Q3
Phillips 66 selected Cohesity's AI-powered data protection platform, signaling a move to consolidate security operations and leverage AI conversational assistants to enhance data insights and operational efficiency.
2024 Q2
Phillips 66 highlighted ongoing use of AI since 2018 in sustainability efforts and cybersecurity, emphasizing embedded AI-enabled risk management and technology leverage as part of corporate reporting and governance.
2024 Q1: no updates
2023 Q4: no updates
2023 Q3
Alex Berry from Phillips 66 Humber refinery expressed anticipation for AI accelerating pressure equipment design, marking early public interest in AI applications within engineering operations.