Chevron Phillips

Chevron Phillips Chemical Company LLC

Type	Private
Industry	Petrochemical
Founded	2002
Headquarters	Headquarters: The Woodlands, TX, USA
Area served	Worldwide
Key people	MD (President and CEO)
Revenue	$ 8.406 billion (2009)
Operating income	$ 623 million (2009)
Net income	$ 615 million (2009)
Total assets	$ 7.418 billion (2009)
Total equity	$ 4.684 billion (2009)
Employees	4,600 (July 2010)
Website	cpchem.com

Chevron Phillips is a chemical producer jointly owned by Chevron Corporation and ConocoPhillips. The company was formed July 1, 2000 by merging the chemicals operations of both Chevron Corporation and Phillips Petroleum Company. A 50/50 venture, the company continues to be governed by a board of directors composed of two members from each of the parent companies. The company was actually named in a coin toss to determine which parent company name would be first and which would be last.

Chevron Phillips is headquartered at 10001 Six Pines Drive in The Woodlands, Texas (a northern suburb of Houston), and is a major producer of ethylene, propylene, polyethylene, polypropylene, K-Resin(r) SBC, Ryton Polyphenylene sulfide (PPS), Alpha-olefins, Polyalphaolefins, aromatic compounds and a range of specialty chemicals.

The company has 4,600 employees worldwide, $7 billion in assets, and 35 manufacturing and research facilities in 9 countries.

See also

• Phillips Disaster of 1989
• Phillips explosion of 1999
• Phillips explosion of 2000

External links

• Chevron Phillips website