Private company

Chevron Phillips Chemical

Chevron Phillips Chemical (CPChem) is a petrochemical company that is a 50/50 joint venture between Chevron Corporation and Phillips 66.1

Last updated Oct 18, 2026.

Overview

2000Founded1
  • Industrypetrochemical industry, petroleum industry1
  • HeadquartersThe Woodlands1
  • Websitewww.cpchem.com

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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.2

Timeline

  1. Jun 30, 2010Funding Raised $107.5 million in a private offering of securities3
  2. 2000Founded Founded1

Sources

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