Chevron Phillips Chemical

Updated Mar 29, 2026

Profile compiled and reviewed by the Houston Oil Companies Data Team from public filings and company sources.

Chemicals · Petrochemicals

Chevron Phillips Chemical is one of the world's top producers of olefins, polyolefins, and other petrochemicals, headquartered in The Woodlands near Houston.

Founded: 2000
Employees: 5,000+
Revenue: $13 billion (2023)
HQ: The Woodlands, TX (Houston Metro)

PolyethyleneEthyleneAlpha OlefinsPolypropylene

Chevron Phillips Chemical Company LLC (CPChem) is a joint venture between Chevron Corporation and Phillips 66. Headquartered in The Woodlands, Texas, CPChem is one of the world's largest producers of olefins and polyolefins, with operations spanning the Americas, Asia, the Middle East, and Europe. The company operates 31 manufacturing facilities and two research & technology centers, producing chemicals used in more than 70,000 consumer and industrial products — from packaging and automotive parts to electronics and medical equipment.

Headquarters

The Woodlands, TX (Houston Metro)

Founded

2000

Employees

5,000+

Revenue

$13 billion (2023)

CEO

Bruce Chinn

Website

cpchem.com

History of Chevron Phillips Chemical

CPChem was formed on July 1, 2000, as a 50/50 joint venture between Chevron Corporation and Phillips Petroleum Company (now Phillips 66). The venture combined Chevron's petrochemical operations with Phillips' extensive chemicals business. CPChem's most significant recent project is the $6 billion U.S. Gulf Coast Petrochemicals Project, which added a 1.5 million metric ton/year ethylene cracker and two polyethylene units in Old Ocean, Texas.

Operations & Business Segments

CPChem produces ethylene, polyethylene, polypropylene, alpha olefins, specialty chemicals, pipe, and other petrochemical products. Its Cedar Bayou complex near Houston is one of the largest petrochemical facilities in the world. The company also operates major facilities in Qatar (Ras Laffan) through its Q-Chem joint venture and has extensive pipeline and storage infrastructure along the Gulf Coast.

Headquarters Location

The Woodlands, TX (Houston Metro)

Key Specialties & Capabilities

PolyethyleneEthyleneAlpha OlefinsPolypropyleneSpecialty ChemicalsPipe Manufacturing

Frequently Asked Questions About Chevron Phillips Chemical

Who owns Chevron Phillips Chemical?▾

CPChem is a 50/50 joint venture between Chevron Corporation and Phillips 66.

Where is Chevron Phillips Chemical headquartered?▾

CPChem is headquartered in The Woodlands, Texas, in the Houston metropolitan area.

What does Chevron Phillips Chemical produce?▾

CPChem produces ethylene, polyethylene, alpha olefins, polypropylene, and specialty chemicals used in thousands of consumer and industrial products.

What does Chevron Phillips Chemical do in Houston?▾

Chevron Phillips Chemical is a chemicals company based in The Woodlands, TX (Houston Metro). Chevron Phillips Chemical is one of the world's top producers of olefins, polyolefins, and other petrochemicals, headquartered in The Woodlands near Houston.

Where is Chevron Phillips Chemical headquartered?▾

Chevron Phillips Chemical is headquartered in The Woodlands, TX (Houston Metro), founded in 2000. The company operates in Houston's energy corridor as part of the chemicals sector.