Financial Information

Chevron Phillips Chemical does not make its financial statements available to the general public. However, summarized financial performance information is provided below.

Chevron Phillips Chemical, through its subsidiaries and equity affiliates, manufactures and markets a wide range of petrochemicals on a worldwide basis, with manufacturing facilities in Belgium, China, Colombia, Qatar, Saudi Arabia, Singapore, South Korea and the United States. Chevron Phillips Chemical is a limited liability company formed in 2000 under Delaware law and is owned 50 percent by Chevron U.S.A. Inc. (Chevron), an indirect wholly owned subsidiary of Chevron Corporation, and 50 percent by wholly owned subsidiaries of Phillips 66.

The company is governed by its Board of Directors (the Board) under the terms of a limited liability company agreement.  There are three voting representatives each from Chevron and Phillips 66, and the chief executive officer and the chief financial officer of the company are non-voting representatives. Certain major decisions and actions require the approval of the Board. All decisions and actions of the Board require the approval of at least one representative from each of Chevron and Phillips 66.

Selected financial data for Chevron Phillips Chemical, in millions of dollars, is as follows: 

  2016 unaudited 1Q   2Q   3Q    4Q   At Sep 30
Sales and Other Operating Revenues 1,923 2,148 2,231 6,302
Net Income 459 529 355 1,343


  Audited 2015 ​ 2014   2013  
Annual Sales and Other Operating Revenues ​9,248 13,416​ 13,147
Net Income 2,651​ 3,288 2,743
Current Assets 2,291​ 3,437 3,141
Total Assets 13,597​ 12,311​ 10,533
Current Liabilities 1,319​ 1,555 1,866
Total Liabilities 3,332​ 2,051 2,178
Equity 10,265​ 10,260 8,355
Debt-to-Capital Ratio 12%​ 0%​ 0%

Selected financial data will be updated quarterly on the following dates, which are subject to change:

  2016 Period Targeted Date
12 months​ February 17, 2017

Chevron Phillips Chemical has received debt ratings from Standard & Poor's Ratings Services (Standard & Poor's) and Moody's Investors Service, Inc. (Moody's) as follows:

  Company Commercial Paper Long-Term Debt
Standard & Poor's A-2 A-
Moody's P-1 A2

General information concerning Chevron Phillips Chemical is available through Dun & Bradstreet under DUNS number 03-891-2866. Further questions can be addressed to the Treasurer at (832) 813-4100 or by e-mail at: