Chevron Phillips Chemical
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|Headquarters||The Woodlands, Texas, United States|
|Peter L. Cella
(President and CEO)
|Products||Aromatics, Drilling Specialties, K-Resin® SBC, Normal Alpha Olefins, Olefins, Polyalphaoelfins, Polyethylene, Specialty Chemicals|
|Revenue||$13.416 billion (2014)|
|$3.288 billion (2014)|
|Total assets||$9.00 billion (2014)|
|Total equity||$10.260 billion (2014)|
Number of employees
|5,000 (December 2014)|
|Parent||Chevron Corp. and Phillips 66|
Chevron Phillips Chemical is a petrochemical company 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. As equally-owned company, it is 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 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.
As of the end of 2014 the Company has 5,000 employees worldwide, US$9 billion in assets, and 36 manufacturing and research facilities in eight countries, including the United States, Belgium, China, Colombia, Qatar, Saudi Arabia, Singapore, and South Korea. It has 24 facilities in 13 U.S. states.