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Common Sense: How to Exercise It
Chevron Phillips Chemical LLC is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins. With approximately 5,000 employees, the LLC and its affiliates own more than $9 billion in assets, including 38 manufacturing and research facilities in eight countries. Chevron Phillips Chemical Company LLC is equally owned by Chevron U.S.A. Inc., an indirect wholly-owned subsidiary of Chevron Corporation, and by wholly-owned subsidiaries of Phillips 66, and is headquartered in The Woodlands, Texas. On July 1, 2000, Chevron Corporation and Phillips Petroleum Company, now Phillips 66, combined their worldwide petrochemical businesses, excluding Chevron’s oronite additives business, to form Chevron Phillips Chemical Company LLC. Chevron and Phillips 66 each own 50 percent of Chevron Phillips Chemical.