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, Colombia, Qatar, Saudi Arabia, Singapore 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 Phillips 66 Company (P66Co), a wholly owned subsidiary 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 appointed by each of Chevron and P66Co, 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 P66Co.

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

  2019 Unaudited 1Q   2Q   3Q    4Q  
Sales and Other Operating Revenues 2,377 2,463 2,369 2,124
Net Income 449 559 456 296


  Audited 2019  ​ 2018  2017
Annual Sales and Other Operating Revenues 9,333 11,310 9,064
Net Income 1,760 2,069 1,446
Total Current Assets 2,554 2,820 2,944
Total Assets 16,868 16,610 16,767
Total Current Liabilities 1,247 1,281 1,439
Total Liabilities 4,421 4,173 4,371
Total Members' Equity 12,447 12,437 12,396
Debt-to-Capital Ratio 16%​ 16% 16%

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

  2020 Period Targeted Date
​3 months TBD​
​6 months TBD​
​9 months TBD​
12 months ​TBD

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) 813-4114 or by e-mail at: