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![]() Logo for Chevron Phillips Chemical | |
Company type | Joint venture |
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Industry | Petrochemical |
Founded | 2000 |
Headquarters | The Woodlands, Texas, United States |
Key people | Bruce Chinn (CEO) |
Products |
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Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Owners | |
Number of employees | 5,000 (August 2022)[5] |
Website | cpchem |
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.[6]
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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