Chevron Phillips Chemical

Chevron Phillips Chemical (CPChem) 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 three 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 Chemical
Company typeJoint venture
IndustryPetrochemical
Founded2000 (2000)
HeadquartersThe Woodlands, Texas, United States
Key people
Bruce Chinn (CEO)
Products
  • Aromatics
  • Drilling Specialties
  • Normal Alpha Olefins
  • Olefins
  • Polyalphaoelfins
  • Polyethylene
  • Polyethylene Pipe
  • Specialty Chemicals
Revenue $14.18 billion (2023)
$1.662 billion (2023)
Total assets $17 billion (2022)
Total equity $13.569 billion (2023)
Owners
Number of employees
5,000 (August 2022)
Websitecpchem.com

Chevron Phillips Chemical 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.

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