MarketChevron Phillips Chemical
Company Profile

Chevron Phillips Chemical

Chevron Phillips Chemical (CPChem) is a petrochemical company that is a 50/50 joint venture between 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 three 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.

Operations
Since its inception, Chevron Phillips has pursued a strategy of international expansion, establishing presence in key global markets. By 1998, it partnered with Qatar Petroleum to gain a foothold in Qatar. The company has also built facilities overseas such as in the Persian Gulf, where it operates in cities like Al Jubail. ==Corporate Locations==
Corporate Locations
The headquarters and offices for the Americas are in The Woodlands, Texas. Europe, Middle East, and Africa operations are based in Stockholm Building in Airport Plaza in Diegem, Belgium. Asia Pacific operations are based in Keppel Bay Tower in Singapore. ==Research & Technology Centers==
Research & Technology Centers
Chevron Phillips Chemical has two US based Research and Technology Centers. One is based in Kingwood, Texas and the other is based in Bartlesville, Oklahoma. ==References==
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