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 a diversified energy manufacturing and logistics company with a portfolio of integrated businesses: Midstream, Chemicals, Refining, and Marketing and Specialties. The company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, its master limited partnership, is an integral part of the portfolio.
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.