S-Chem Receives Environmental Performance Award

JUBAIL, Saudi Arabia (June 17, 2009) – Chevron Phillips Chemical Company LLC’s (Chevron Phillips Chemical) S-Chem facility has been awarded the 2008 First Place Award for Environmental Performance by the Kingdom of Saudi Arabia Royal Commission. This is the second year in a row the facility has received the first place honor.

The award is presented annually to companies that demonstrate progressive environmental policy and sustainable development efforts within the Kingdom. It honors those in the industry committed to the cause of environmental stewardship, and whose efforts exceed Royal Commission regulations.

“This honor is a result of our leadership and of each employee’s drive to achieve outstanding safety performance,” said Elija Andjelich, president of S-Chem. “The award reflects our company’s commitment to environmental awareness and performance, and we at S-Chem are proud to be part of such an organization.”

S-Chem has consistently demonstrated outstanding environmental awareness, having been additionally awarded the Royal Commission’s second place and third place awards in 2005 and 2006, respectively.

Each year, the Royal Commission evaluates the performance of industries within the industrial cities, based on five basic criteria: compliance, cooperation, environmental issues, initiatives and environmental team efforts. Industrial facilities located in the Jubail and Yanbu Industrial Areas are governed by environmental regulations set by the Kingdom’s Royal Commission.

About S-Chem

Chevron Phillips Chemical Company LLC, through a wholly-owned affiliate (Arabian Chevron Phillips Petrochemical Company Ltd.), has two 50/50 joint venture projects with the Saudi Industrial Investment Group (SIIG) in the Eastern Province industrial city of Al-Jubail. Saudi Chevron Phillips Company (SCP) and Jubail Chevron Phillips Company (JCP) are collectively known as S-Chem. The first private sector investment in the Kingdom's petrochemical industry, SCP began operations in December 1999 and produces benzene, cyclohexane, and gasoline blendstocks. The JCP facility began commercial operations in 2008 and produces benzene, ethylbenzene, styrene, and propylene.

About Chevron Phillips Chemical Company LLC

Chevron Phillips Chemical Company LLC is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins. The LLC and its affiliates own over $6 billion in assets and employ over 4,800 people at 35 manufacturing facilities in nine countries. Chevron Phillips Chemical Company LLC is equally owned by Chevron Corporation and ConocoPhillips, and is headquartered in The Woodlands, Texas. For more information about Chevron Phillips Chemical, visit www.cpchem.com.