On July 1, 2000, Chevron Corporation and Phillips Petroleum Company, now Phillips 66, combined its worldwide petrochemicals 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. Our owners’ strong reputations and traditions of excellence position us well for growth and success.
Phillips 66 is an advantaged downstream energy company with segment-leading Refining and Marketing (R&M), Midstream and Chemicals businesses. The company’s R&M operations include 15 refineries with a net crude oil capacity of 2.2 million barrels per day. Its Midstream operations are run through DCP Midstream, LLC, one of the largest natural gas gatherers and processors in the United States and its Chemicals business is conducted through its 50 percent interest in Chevron Phillips Chemical Company LLC.
Headquartered in San Ramon, California, Chevron Corporation is the the second-largest integrated energy company in the United States and among the largest corporations in the world. With a net income of $21.42 billion in 2013, Chevron is involved in upstream activities including exploration and production, downstream activities including refining, marketing and transportation, and advanced energy technology. Chevron is also invested in power generation and gasification processes.