. It's the kind of whiplash to which the industry is well-accustomed after the highs and lows over the past decade.
The majority of the initiatives underway are estimated to drive some sort of value for the firm — whether that be improving profit margins, reducing operational costs, or avoiding unnecessary expenditures. And Phillips 66 is already seeing the benefits of some of those investments. it would cut $700 million in spending in 2020
And there is no one sole cloud provider. Instead, the company relies on a mixture of services from Google, Amazon Web Services, and Microsoft. Its ERP platform, for example, runs on AWS.
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