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
Net Income 449 559 456


  Audited 2018  ​ 2017   2016  
Annual Sales and Other Operating Revenues ​11,310 ​9,063 8,455
Net Income 2,069 1,446 1,687
Total Current Assets 2,820 2,944 2,695
Total Assets 16,610 16,767 15,465
Total Current Liabilities 1,281 1,439 1,418
Total Liabilities 4,173 4,371 3,987
Total Members' Equity 12,437 12,396 11,478
Debt-to-Capital Ratio 16%​ 16% 15%

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

  2019 Period Targeted Date
​6 months ​August 7, 2019
​9 months November 7, 2019
​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) 813-4100 or by e-mail at: