Chevron Phillips Chemical Company LLC (CPChem) is owned 50 percent by ConocoPhillips and 50 percent by Chevron Corporation. CPChem is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins.

Headquartered in Texas, CPChem manufactures and markets a wide range of petrochemicals on a worldwide basis through subsidiaries and equity affiliates, with manufacturing facilities located in Belgium, Brazil, China, Colombia, Qatar, Saudi Arabia, Singapore, South Korea and the United States. CPChem’s business is comprised of two primary operating segments: Olefins & Polyolefins and Specialties, Aromatics & Styrenics.

Facts (100 percent)
As of year-end 2009

• Revenue of $8.7 billion. 
• $7.4 billion in assets. 
• Ownership interest in 34 global manufacturing facilities and four research and technical centers. 
• Approximately 4,600 employees. 
• Produces chemical products essential to manufacturing more than 70,000 consumer and industrial products.

Growth

United States
Construction has been completed on a new 22-million-pound-per-year Ryton® polyphenylene sulfide (PPS) plant in Borger, Texas. Built next to CPChem’s existing PPS plant in Borger, the new facility will double the company’s total PPS capacity to 44 million pounds per year.

Middle East
The company’s Middle Eastern operations play a significant and growing role in CPChem’s success. With three major facilities in operation and two more under construction, CPChem is committed to international growth and development.

Saudi Chevron Phillips Company (in operation since January 2000) and Jubail Chevron Phillips Company (operational as of the third quarter of 2008) are 50/50 joint ventures between a CPChem affiliate and the Saudi Industrial Investment Group. The plants, collectively known as S-Chem, represent CPChem’s Saudi Arabian assets. Saudi Polymers Company (SPCo) is a joint venture company formed in 2007 to execute a third major project in Saudi Arabia. Construction began in January 2008, with mechanical completion expected in the first half of 2011 and commercial production scheduled to begin in late 2011.

Qatar Chemical Company Ltd. (Q-Chem) and Qatar Chemical Company II Ltd. (Q-Chem II) are joint ventures between a subsidiary of CPChem (49 percent) and Qatar Petroleum (51 percent). Q-Chem commenced operations in 2003, while the Q-Chem II project broke ground in late 2005 with startup anticipated in 2010.