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 SBC, Ryton Polyphenylene sulfide (PPS), Alpha-olefins, Polyalphaolefins, aromatic compounds and a range of specialty chemicals.
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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.
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