Chevron Phillips Chemical

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Chevron Phillips Chemical
Private Company
IndustryPetrochemical
Founded2000
HeadquartersThe Woodlands, Texas, United States
Key people
Mark Lashier
(President and CEO)
ProductsAromatics, Drilling Specialties, K-Resin® SBC, Normal Alpha Olefins, Olefins, Polyalphaoelfins, Polyethylene, Specialty Chemicals
RevenueIncrease $13.416 billion (2014)
Increase
Increase $3.288 billion (2014)
Total assetsIncrease $9.00 billion (2014)
Total equityIncrease $10.260 billion (2014)[1]
Number of employees
5,000 (December 2014)
ParentChevron and Phillips 66
Websitecpchem.com

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.[2]

Chevron Phillips is headquartered in The Woodlands, Texas, a northern suburb of Houston, and is a major producer of ethylene, propylene, polyethylene, Alpha-olefins, Polyalphaolefins, aromatic compounds and a range of specialty chemicals.

Operations[edit]

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.[3]

Corporate affairs[edit]

The headquarters and offices for the Americas are in The Woodlands, Texas. Europe, Middle East, and Africa operations are based in Stockholm Building in Airport Plaza in Diegem, Belgium. Asia/Pacific operations are based in Keppel Bay Tower in Singapore.[4]

See also[edit]

References[edit]

  1. ^ "Financial Information". cpchem.com. Retrieved 2015-11-11.
  2. ^ "Coin toss decides company name". The Lubbock Avalanche-Journal. 2000-04-18. Retrieved 2008-03-07.
  3. ^ "Worldwide Operations". cpchem.com. Retrieved 2015-11-11.
  4. ^ "Contact Us." Chevron Phillips. Retrieved on September 6, 2017. "Headquarters 10001 Six Pines Drive The Woodlands, TX 77380" and "Chevron Phillips Chemical International N.V. Airport Plaza - Stockholm Building Leonardo Da Vincilaan 19 1831 Diegem Belgium" and "Chevron Phillips Chemicals Asia Pte. Ltd. [...] 5 Temasek Boulevard 05-01 Suntec Tower Five 038985 Singapore"

External links[edit]