Type Private Company Net income $3.288 billion (2014) CEO Peter Cella Founded 1 July 2000 VPs Peggy Colsman | Industry Petrochemical Total assets $9.00 billion (2014) Revenue 13.42 billion USD (2014) CFO Tim D. Leveille | |
Key people Peter L. Cella
(President and CEO) Products Aromatics, Drilling Specialties, K-Resin® SBC, Normal Alpha Olefins, Olefins, Polyalphaoelfins, Polyethylene, Specialty Chemicals Headquarters The Woodlands, Texas, United States Parent organizations Chevron Corporation, Phillips 66 Profiles | ||
Chevron phillips chemical a world of possibilities
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.
Contents
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
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.