|
10001 6 Pines Dr. The Woodlands, TX 77380-1498 TX Tel. 832-813-4100 Toll Free 800-231-1212 Fax 800-231-3890 |
Type: Joint Venture
On the web:
http://www.cpchem.com
Employees:
5,500
Employee growth: 6.8%
A coin toss determined whose name would go first when Chevron and Phillips Petroleum (now ConocoPhillips) formed 50-50 joint venture Chevron Phillips Chemical Company in 2000. Among the largest US petrochemical firms, the company produces ethylene, propylene, polyethylene, and polypropylene -- sometimes used as building blocks for the company's other products such as pipe. Chevron Phillips Chemical also produces aromatics such as benzene and styrene, specialty chemicals such as acetylene black (a form of carbon black), and mining chemicals. The company has several petrochemicals joint ventures in the Middle East, including Saudi Chevron Phillips Company (50%) and Qatar Chemical Company (not quite 50%).
Key numbers for fiscal year ending December, 2007:
Sales: $12,986.0M
One year growth: 5.3%
Net income: $719.0M
Income growth: (46.7%)
Officers:
President and CEO: Greg C. Garland
SVP, CFO, and Controller: Greg G. Maxwell
VP Corporate Planning and Development: Mark E. Lashier
Competitors:
Dow Chemical
ExxonMobil Chemical
LyondellBasell
