Chevron Phillips Chemical
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This article's tone or style may not reflect the encyclopedic tone used on Wikipedia. (November 2008) |
| Type | Private |
|---|---|
| Industry | Petrochemical |
| Founded | 2002 |
| Headquarters | Headquarters: The Woodlands, TX, USA |
| Area served | Worldwide |
| Key people | Peter L. Cella (President and CEO) |
| Revenue |  $ 8.406 billion (2009) |
| Operating income | $ 623 million (2009) |
| Net income | $ 615 million (2009) |
| Total assets | $ 7.418 billion (2009) |
| Total equity | $ 4.684 billion (2009) |
| Employees | 4,600 (July 2010) |
| Website | cpchem.com |
Chevron Phillips is a chemical producer 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. A 50/50 venture, the company continues to be 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.[1]
Chevron Phillips is headquartered at 10001 Six Pines Drive 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.
The company has 4,600 employees worldwide, $7 billion in assets, and 35 manufacturing and research facilities in 9 countries.[2]
See also
↑Jump back a sectionReferences
- ^ "Coin toss decides company name". The Lubbock Avalanche-Journal. 2000-04-18. Retrieved 2008-03-07.
- ^ "Worldwide Operations". cpchem.com. Retrieved 2010-07-21.
External links
Template:Phillips 66
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