Chevron Phillips Chemical

From Wikipedia, the free encyclopedia
  (Redirected from Chevron Phillips)
Jump to: navigation, search
Chevron Phillips Chemical Company LLC
Type Private
Industry Petrochemical
Founded 2000
Headquarters Headquarters: The Woodlands, TX, USA
Area served Worldwide
Key people Peter L. Cella
(President and CEO)
Revenue Increase $ 8.406 billion (2009)
Operating income Increase $ 623 million (2009)
Net income Increase $ 615 million (2009)
Total assets Increase $ 7.418 billion (2009)
Total equity Increase $ 4.684 billion (2009)
Employees 4,600 (July 2010)
Website cpchem.com

Chevron Phillips is a chemical producer jointly owned by Chevron Corporation and Phillips 66. 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.[1]

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.[2]

See also[edit]

References[edit]

  1. ^ "Coin toss decides company name". The Lubbock Avalanche-Journal. 2000-04-18. Retrieved 2008-03-07. 
  2. ^ "Worldwide Operations". cpchem.com. Retrieved 2010-07-21. 

External links[edit]