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Private company

Chevron Phillips Chemical

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons3

American chemical company jointly owned by Chevron and Phillips

Chevron Phillips Chemical (CPChem) is a petrochemical company that is a 50/50 joint venture between 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.2 It employed 5,000 people.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

2000Founded1
  • Industrypetrochemical industry, petroleum industry1
  • HeadquartersThe Woodlands1
  • Websitewww.cpchem.com
  • Legal formlimited liability company1

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Chevron Phillips Chemical (CPChem) is a petrochemical company that is a 50/50 joint venture between 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.2

Products and brands

Operations

Since its inception, Chevron Phillips has pursued a strategy of international expansion, establishing presence in key global markets. By 1998, it partnered with Qatar Petroleum to gain a foothold in Qatar. The company has also built facilities overseas such as in the Persian Gulf, where it operates in cities like Al Jubail. As of the end of 2021 the company had 5,000 employees worldwide, US$17 billion in assets, and 31 manufacturing and research facilities in six countries, including the United States, Belgium, China, Colombia, Qatar, Saudi Arabia, and Singapore. It has 24 facilities in 13 U.S. states.

Corporate Locations

The headquarters and offices for the Americas are in The Woodlands, Texas. Europe, Middle East, and Africa operations are based in Stockholm Building in Airport Plaza in Diegem, Belgium. Asia Pacific operations are based in Keppel Bay Tower in Singapore.

Research & Technology Centers

Chevron Phillips Chemical has two US based Research and Technology Centers. One is based in Kingwood, Texas and the other is based in Bartlesville, Oklahoma.

From Wikipedia’s article on Chevron Phillips Chemical, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Owners

From Wikidata.1

Timeline

  1. 2000Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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