Chevron Phillips Chemical Company Revenue and Competitors

A coin toss determined which company\'s name would go first when Chevron (now ChevronTexaco) and Phillips Petroleum (now ConocoPhillips) formed a new 50-50 joint venture, Chevron Phillips Chemical Company (CP Chem), in 2000. Among the largest US petrochemical firms, CP Chem produces ethylene, propylene, polyethylene, and polypropylene -- sometimes used as building blocks for the company\'s other products such as pipe. CP Chem also produces aromatics such as benzene and styrene, and specialty chemicals such as acetylene black (a form of carbon black) and drilling and mining chemicals. The company has formed several petrochemicals joint ventures in the Mid East. Most of CP Chem\'s operations are located in the US.