- Chevron Phillips
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Chevron Phillips Chemical Company LLC Type Private Industry Petrochemical Founded 2002 Headquarters Headquarters: The Woodlands, TX, USA Area served Worldwide Key people MD
(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 ConocoPhillips. 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
- Phillips Disaster of 1989
- Phillips explosion of 1999
- Phillips explosion of 2000
References
- ^ "Coin toss decides company name". The Lubbock Avalanche-Journal. 2000-04-18. http://www.lubbockonline.com/stories/041800/bus_041800085.shtml. Retrieved 2008-03-07.
- ^ "Worldwide Operations". cpchem.com. http://www.cpchem.com/en-us/company/Pages/worldwideoperations.aspx. Retrieved 2010-07-21.
External links
ConocoPhillips Divisions 101 Ranch • Alaska • Burlington Resources • Chevron Phillips • Conoco • Marland • Phillips • Phillips 66 • ProJET • Tosco • 76
Facilities People Controversies 1989 Phillips Disaster • 1999 Phillips Explosion • 2000 Phillips Explosion • 2001 Humber Refinery Explosion
Other Conoco Soccer Stadium • Houston Rodeo Run • Phillips Petroleum Process • Phillips 66ers • Phillips, Texas
Annual revenue $246.182 billion USD (2008) · Employees 33,800 (2009) · Stock symbol NYSE: COP · Website ConocoPhillips.comThis chemical corporation-related article is a stub. You can help Wikipedia by expanding it.