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Company type | Joint venture |
---|---|
Industry | Petrochemical |
Founded | 2000 |
Headquarters | The Woodlands, Texas, United States |
Key people | Bruce Chinn (CEO) |
Products |
|
Revenue | $14.18 billion (2023) [1] |
$1.662 billion (2023) [2] | |
Total assets | $17 billion (2022) [3] |
Total equity | $13.569 billion (2023) [4] |
Owners | |
Number of employees | 5,000 (August 2022) [5] |
Website | cpchem |
Chevron Phillips Chemical(CPChem) is a petrochemical company jointly owned by Chevron Corporation and Phillips 66. The company was formed July 1, 2000, by merging the chemicals operations of both Chevron Corporation and Phillips Petroleum Company. As equally-owned company, it is governed by a board of directors composed of three members from each of the parent companies. The company was actually named in a coin toss to determine which parent company name would be first and which would be last. [6]
Chevron Phillips Chemical is headquartered in The Woodlands, Texas, a northern suburb of Houston, and is a major producer of ethylene, propylene, polyethylene, Alpha-olefins, Polyalphaolefins, aromatic compounds and a range of specialty chemicals.
As of the end of 2021 the company had 5,000 employees worldwide, US$17 billion in assets, and 31 manufacturing and research facilities in six countries, including the United States, Belgium, China, Colombia, Qatar, Saudi Arabia, and Singapore. It has 24 facilities in 13 U.S. states. [7]
The headquarters and offices for the Americas are in The Woodlands, Texas. Europe, Middle East, and Africa operations are based in Stockholm Building in Airport Plaza in Diegem, Belgium. Asia Pacific operations are based in Keppel Bay Tower in Singapore. [8]
Gulf Oil was a major global oil company in operation from 1901 to 1985. The eighth-largest American manufacturing company in 1941 and the ninth-largest in 1979, Gulf Oil was one of the Seven Sisters oil companies. Prior to its merger with Standard Oil of California, Gulf was one of the chief instruments of the Mellon family fortune; both Gulf and Mellon Financial had their headquarters in Pittsburgh, Pennsylvania, with Gulf's headquarters, the Gulf Tower, being Pittsburgh's tallest building until the completion of the U.S. Steel Tower.
Machelen is a municipality in the province of Flemish Brabant, in the Flemish region of Belgium. The municipality comprises the towns of Diegem and Machelen proper. On 1 January 2006, Machelen had a total population of 12,500. The total area is 11.59 km2 (4.47 sq mi), which gives a population density of 1,078/km2 (2,790/sq mi). The official language of Machelen is Dutch.
Scandinavian Airlines, more commonly known and styled as SAS, is the flag carrier of Denmark, Norway, and Sweden. SAS is an abbreviation of the company's full name, Scandinavian Airlines System or legally Scandinavian Airlines System Denmark-Norway-Sweden. Part of the SAS Group and headquartered at the SAS Frösundavik Office Building in Solna, Sweden, the airline operates 180 aircraft to 90 destinations. The airline's main hub is at Copenhagen-Kastrup Airport, with connections to 109 destinations around the world. Stockholm Arlanda Airport is the second largest hub, with Oslo Airport, Gardermoen being the third major hub of SAS. Minor hubs also exist at Bergen Airport, Flesland, Göteborg Landvetter Airport, Stavanger Airport, and Trondheim Airport. SAS Cargo is an independent, wholly owned subsidiary of Scandinavian Airlines and its main office is at Copenhagen Airport.
Skandinaviska Enskilda Banken AB, abbreviated SEB, is a Swedish bank headquartered in Stockholm, Sweden. In Sweden and the Baltic countries, SEB has a full financial service offering. In Denmark, Finland, Norway, Germany, and the United Kingdom, the bank's operations are focused on corporate and investment banking services to corporate and institutional clients. The bank was founded in 1972 by the Swedish Wallenberg family, which is still SEB's largest shareholder through major investment company Investor AB. SEB is the largest Swedish bank by both market capitalisationand total assets.
Brussels Airport, also informally called Brussels-National Airport or Brussels-Zaventem Airport, is an international airport in the municipality of Zaventem in Flemish Brabant, 6.5 nautical miles northeast of Brussels, Belgium. In 2019, more than 26 million passengers arrived or departed at Brussels Airport, making it the 26th busiest airport in Europe. It is home to around 260 companies, together directly employing 20,000 people and serves as the home base for Brussels Airlines and TUI fly Belgium. BRU covers 1,245 hectares and contains three runways.
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California, it is headquartered in San Ramon, California, and active in more than 180 countries. Within oil and gas, Chevron is vertically integrated and is involved in hydrocarbon exploration, production, refining, marketing and transport, chemicals manufacturing and sales, and power generation.
Wizz Air Holdings Plc is an ultra low-cost carrier group registered in Jersey. The company includes the subsidiaries Wizz Air Hungary, Wizz Air Malta, Wizz Air Abu Dhabi and Wizz Air UK. The airlines serve many cities across Europe, as well as some destinations in North Africa, the Middle East as well as South and Central Asia. As of 2023, the airline group has its largest bases at Budapest Ferenc Liszt International Airport, Bucharest Henri Coandă International Airport and London Luton Airport and flies to 194 airports. The holding company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
SATS Ltd. (SATS), an acronym derived from Singapore Airport Terminal Services, is a Singaporean airport service company that handles the main ground handling and in-flight catering service provider at its country's Changi Airport. SATS controls about 80% of Changi Airport's ground handling and catering business.
Phillips Petroleum Company was an American oil company incorporated in 1917 that expanded into petroleum refining, marketing and transportation, natural gas gathering and the chemicals sectors. It was Phillips Petroleum that first found oil in the North Sea on December 23, 1969, at a position that was later named Ekofisk.
The Phillips 66 Company is an American multinational energy company headquartered in Westchase, Houston, Texas. Its name, dating back to 1927 as a trademark of the Phillips Petroleum Company, helped ground the newly reconfigured Phillips 66. The company today was formed ten years after Phillips merged with Conoco to form ConocoPhillips. The merged company spun off its refining, chemical, and retail assets into a new company bearing the Phillips name. It began trading on the New York Stock Exchange on May 1, 2012, under the ticker PSX.
Caltex is a petroleum brand name of Chevron Corporation used in the Asia-Pacific region, the Middle East, and Southern Africa. Headquartered in Singapore, it is also the brand name of non-Chevron petroleum companies in some countries under a trademark licensing agreement with Chevron.
The Caisse de dépôt et placement du Québec is an institutional investor that manages several public and parapublic pension plans and insurance programs in Quebec. It was established in 1965 by an act of the National Assembly, under the government of Jean Lesage, as part of the Quiet Revolution, a period of social and political change in Quebec. It is the second-largest pension fund in Canada, after the Canada Pension Plan Investment Board. It was created to manage the funds of the newly created Quebec Pension Plan, a public pension plan that aimed to provide financial security for Quebecers in retirement. The CDPQ’s mandate was to invest the funds prudently and profitably, while also contributing to Quebec’s economic development. As of June 30, 2023, CDPQ managed assets of C$424 billion, invested in Canada and elsewhere. CDPQ is headquartered in Quebec City at the Price building and has its main business office in Montreal at Édifice Jacques-Parizeau.
Brussels Airlines is the flag carrier and largest airline of Belgium, based and headquartered at Brussels Airport. It operates to over 100 destinations in Europe, North America and Africa and also offers charter services, maintenance and crew training. It is a member of the Star Alliance as well as the International Air Transport Association. The airline's IATA code SN is inherited from its predecessors, Sabena and SN Brussels Airlines. Brussels Airlines is part of the Lufthansa Group. The company slogan is ′You’re in good company′.
Diegem is a town in the municipality of Machelen, Flemish Brabant, Belgium. Diegem's postal code is 1831. The official language of Diegem is Dutch.
At approximately 1:22 p.m. CT on March 27, 2000, an explosion and fire responsible for one death and 71 injuries occurred at Phillips Petroleum's Houston Chemical Complex at 1400 Jefferson Road in Pasadena, Texas. The fire produced huge plumes of black smoke that spread over the heavily industrialized Houston Ship Channel and neighboring residential areas.
Aedas is an architectural firm with eleven International offices founded by the Welsh architect Keith Griffiths. Aedas provides services in architecture, interior design, urban design, masterplanning and graphic design. It was established in 2002.
Total Petrochemicals USA Inc. is a subsidiary of TotalEnergies. It engages in the production and marketing of petrochemical products. Its headquarters is the Total Plaza in Downtown Houston, Texas.
Swinerton is a commercial construction company that provides services in the United States for commercial office, retail, multi-family residential, hospitality, healthcare, education, energy, and the entertainment sectors. The company also provides preconstruction services, including budgeting, scheduling, value management, and planning. Headquartered in San Francisco, California, Swinerton was founded in 1888 and holds California Contractors License No. 92. Swinerton has offices located throughout California, as well as offices in Atlanta, Charlotte, Austin, Denver, Portland, Seattle, Honolulu, and more.
Kenneth Stanley "Boots" Adams was an American business executive, University of Kansas booster, and civic philanthropist of Bartlesville, Oklahoma. Adams began his career with the Phillips Petroleum Company in 1920 as a clerk in the warehouse department. Twelve years later, he was chosen by founder and president Frank Phillips to fill the newly created position of Assistant to the President. On April 26, 1938, Adams was elected president of Phillips Petroleum Company by the unanimous vote of the company's board of directors.
Cedar Bayou plant is a petrochemical manufacturing facility located in Baytown, Texas. It is the largest U.S. manufacturing facility of Chevron Phillips Chemical Company. The plant operates seven process units on approximately 1,400 acres producing Ethylene, Propylene, Normal Alpha Olefins (NAO), High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), and Polyalphaolefins. Cedar Bayou plant opened in 1963 as Gulf Oil and was sold to Chevron Corp. in 1985. In 2000, Chevron Corp. and Phillips 66 merged their chemical businesses to form Chevron Phillips Chemical Company.