Chevron Phillips Chemical does not make our financial statements available to the general public, but a summary of our financial performance is provided below.
Through subsidiaries and equity affiliates, we manufacture and market a wide range of petrochemicals on a worldwide basis. We operate manufacturing facilities in Belgium, Colombia, Qatar, Saudi Arabia, Singapore and the United States. We are a limited liability company formed in 2000 under Delaware law, and we are 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.
Board of Directors
We are governed by our Board of Directors (the Board) under the terms of a limited liability company agreement. Chevron and Phillips 66 Company each appoint three voting representatives, and Chevron Phillips Chemical’s chief executive officer and chief financial officer 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 Phillips 66 Company.
Selected financial data follows, expressed in millions of dollars.
|Sales and Other Operating Revenues||2,195||1,803|
|Annual Sales and Other Operating Revenues||9,333||11,310||9,064|
|Total Current Assets||2,554||2,820||2,944|
|Total Current Liabilities||1,247||1,281||1,439|
|Total Members' Equity||12,447||12,437||12,396|
Selected financial data will be updated quarterly on the following dates, which are subject to change:
|2020 Period||Targeted Date|
|9 months||November 6, 2020 |
|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||BBB+|
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 +1-832-813-4114 or by email at: @email.