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09/23/2008

Chevron Phillips Chemical Contributes to Hurricane Relief

THE WOODLANDS, TEXAS (September 23, 2008) - In the aftermath of one of the worst disasters to strike the Texas Gulf Coast in recent history, Chevron Phillips Chemical announced today that the company will donate $25,000 to the American Red Cross' Hurricane Ike Disaster Relief Fund to aid hurricane recovery.

"We have all felt the devastating impact of Hurricane Ike, and at a time like this, our thoughts and prayers are with our neighbors here on the Gulf Coast," said Greg Garland, Chevron Phillips Chemical president and CEO. "At Chevron Phillips Chemical, we applaud the examples of neighbors helping neighbors in our plant communities and we want to assist the American Red Cross in their efforts to aid those who are in greatest need."

About Chevron Phillips Chemical Company LP

Chevron Phillips Chemical Company LP (Chevron Phillips Chemical) is a wholly-owned subsidiary of Chevron Phillips Chemical Company LLC, 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 employ over 5,300 people at 37 manufacturing and research facilities, located 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.