Chevron Phillips Chemical

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Chevron Phillips Chemical Company LLC
Private
Industry Petrochemical
Founded 2000
Headquarters The Woodlands, Texas, United States
Key people
Peter L. Cella
(President and CEO)
Products Aromatics, Drilling Specialties, K-Resin® SBC, Normal Alpha Olefins, Olefins, Polyalphaoelfins, Polyethylene, Specialty Chemicals
Revenue Increase $13.416 billion (2014)
Increase
Increase $3.288 billion (2014)
Total assets Increase $9.00 billion (2014)
Total equity Increase $10.260 billion (2014)[1]
Number of employees
5,000 (December 2014)
Parent Chevron Corp. and Phillips 66
Website cpchem.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, polypropylene, K-Resin(r) SBC, Ryton Polyphenylene sulfide (PPS), 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]

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. 

External links[edit]