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. Included in the merger were PLEXCO and Phillips Driscopipe, Inc. which combined to form Performance Pipe, a division of Chevron Phillips Chemical Company LP.
Chevron Phillips Chemical is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, piping, and proprietary plastics.
Chevron Phillips Chemical has over $9.4 billion in assets as of December 31, 2012
Chevron Phillips Chemical, with its joint venture partners, operates 38 manufacturing and research centers.
Chevron Phillips Chemical is headquartered in The Woodlands, Texas (north of Houston).
Chevron Phillips Chemical has approximately 4,700 employees worldwide.
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