THE WOODLANDS, TEXAS (November 10, 2006) – Chevron Phillips Chemical Company LP (Chevron Phillips Chemical) was recently named one of “Houston’s Greatest” by the Greater Houston Partnership. The award is presented to ten for-profit corporations (five with greater than 250 employees and five with fewer than 250 employees) and honors regional leaders who have advanced the greater Houston region as a business magnet.  Additionally, Chevron Phillips Chemical was presented the “People’s Choice” award, indicating that the company received the most votes from the community for Houston’s greatest company with more than 250 employees.

“Visionary leaders, both corporate and individual, have played an integral role in making this city the vibrant metropolis it has become,” said Sonia Perez, chair of Houston’s Greatest Committee. “This evening we’ve had the privilege of honoring the reasons why our economy continues to grow and expand.”

With assets of $7 billion, Chevron Phillips Chemical Company LLC with its affiliates is one of the world's top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, piping and proprietary plastics. The company produces chemicals that are essential to manufacturing over 70,000 consumer and industrial products.

Headquartered in The Woodlands, Texas, the company has approximately 5,150 employees worldwide.  Approximately 600 of those employees live and work in The Woodlands, with another 1,700 at chemical facilities in the greater Houston area.

“Being named one of Houston’s greatest companies and receiving the “People’s Choice” award is a great honor for Chevron Phillips Chemical.  And behind this award are the dedicated employees who made it possible.  Their hard work and commitment is truly what makes us ‘Houston’s Greatest,’” said Ray Wilcox, president and CEO of Chevron Phillips Chemical. “We are proud to be a part of the Houston community and are honored to accept these awards,” Wilcox added.