citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . may 2016 learn how and when to remove this template message chevron phillips chemical company llc type private industry petrochemical founded 2000 headquarters the woodlands texas united states key people peter l. cella president and ceo products aromatics drilling specialties k resin sbc normal alpha olefins olefins polyalphaoelfins polyethylene specialty chemicals revenue 13.416 billion 2014 operating income net income 3.288 billion 2014 total assets 9.00 billion 2014 total equity 10.260 billion 2014 1 number of employees 5 000 december 2014 parent chevron corp. and phillips 66 website cpchem.com chevron phillips chemical is a petrochemical company jointly owned by 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 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 . 2 chevron phillips is headquartered 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 . contents 1 operations 2 see also 3 references 4 external links operations edit as of the end of 2014 the company has 5 000 employees worldwide us 9 billion in assets and 36 manufacturing and research facilities in eight countries including the united states belgium china colombia qatar saudi arabia singapore and south korea . it has 24 facilities in 13 u.s. states . 3 see also edit phillips disaster of 1989 phillips explosion of 1999 phillips explosion of 2000 references edit financial information . cpchem.com . retrieved 2015 11 11 . coin toss decides company name . the lubbock avalanche journal . 2000 04 18 . retrieved 2008 03 07 . worldwide operations . cpchem.com . retrieved 2015 11 11 . external links edit official website v t e phillips 66 companies divisions current 76 chevron phillips chemical jet former conoco marland oil company phillips petroleum company projet tidewater petroleum tosco corporation facilities current bayway refinery billings refinery humber refinery rockies express pipeline rodeo san francisco refinery wood river refinery former immingham power station industrial disasters 1989 phillips disaster 1999 phillips explosion 2000 phillips explosion 2001 humber refinery explosion related topics conocophillips phillips 66ers phillips petroleum process phillips texas retrieved from https en.wikipedia.org w index.php title chevron phillips chemical & oldid 743465381 categories oil companies of the united statespetrochemical companieschevron corporationphillips 66petroleum in texascompanies based in houstonnon renewable resource companies established in 20002000 establishments in texasjoint ventureshidden categories articles needing additional references from may 2016all articles needing additional referencesofficial website different in wikidata and wikipedia navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch edit links this page was last modified on 9 october 2016 at 19 52 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view