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Chevron Phillips Chemical Company LLC Owner Information On July 1, 2000, Chevron Corporation and Phillips Petroleum Company, now ConocoPhillips, combined its worldwide petrochemicals businesses, excluding Chevron’s oronite additives business, to form Chevron Phillips Chemical Company LLC. Chevron and ConocoPhillips each own 50 percent of Chevron Phillips Chemical. Our owners’ strong reputations and traditions of excellence position us well for growth and success. ConocoPhillips An international, integrated energy company, ConocoPhillips is headquartered in Houston, Texas. It is the third largest integrated energy company in the United States and the eighth largest publicly owned energy company in the world. ConocoPhillips net income in 2009 was $4.9 billion. The company’s core activities include petroleum exploration and production as well as petroleum refining, marketing, supply and transportation. Through a 50 percent interest in Duke Energy Field Services, ConocoPhillips is also involved in natural gas gathering, processing and marketing. ConocoPhillips' Headquarters in Houston, Texas Photo Courtesy of ConocoPhillips Chevron Corporation Headquartered in San Ramon, California, Chevron Corporation is the the second-largest integrated energy company in the United States and among the largest corporations in the world. With a net income of $10.5 billion in 2009, Chevron is involved in upstream activities including exploration and production, downstream activities including refining, marketing and transportation, and advanced energy technology. Chevron is also invested in power generation and gasification processes. Chevron's Headquarters in San Ramon, California Photo courtesy of Chevron Diversity At Chevron Phillips Chemical, we view diversity as more than just a country of origin, age, or race. Diversity is about the blending of experience levels, cultures, talents, competencies, differing perspectives, and decision- making styles. We embrace a culture that respects unique differences and recognizes the perspectives of all our employees. We encourage global communication between our employees because the best solutions are developed when people from a variety of backgrounds come together to build upon each other’s knowledge. Much like the blending of high-quality ingredients makes a superior chemical product, blending the unique skills and talents of a diverse workforce creates a superior chemical company. Diversity in all its possibilities is valued at Chevron Phillips Chemical. It is fundamental to the quality of our products and services, and is crucial to our continued success. Community Involvement Cedar Bayou Plant "Lives United" in Baytown Cedar Bayou Plant employees stood by the motto "Live United" as they joined forces to make a significant contribution to the Baytown United Way. Click to enlarge Food for Families Employees at the Borger Plant collected a trailer full of food for local families, helping to meet the needs of the local food bank and several charities in the area. Click to enlarge Good Neighbors in Pasadena Employees and contractors from Chevron Phillips Chemical's Pasadena Plastics Complex spent the day rebuilding a community member's fence after it was damaged during a storm. Click to enlarge Sewing Smiles for Local Patients Performance Pipe's self-named "seamsters" sew festive pillowcases for local rehabilitation centers to brighten patients' spirits and rooms. The group meets on Thursday evenings and recently completed their 100th pillowcase! Click to enlarge These Boots Were Made for Running More than 75 Chevron Phillips Chemical employees in the greater Houston area participated in ConocoPhillips' annual Rodeo Run in support of the Houston Livestock Show & Rodeo scholarship fund. Click to enlarge Community Sponsorships At Chevron Phillips Chemical, we believe that real benefits can be gained by establishing effective relationships in our communities. That is why the corporation donates funds to worthy causes and we encourage employees to similarly make a positive impact. Since the company’s inception, Chevron Phillips Chemical has invested more than $12 million (and countless volunteer hours) in communities where we live and work. In all, we recognize that establishing sound partnerships with our neighbors – in our international, national, and local communities – provides for a lasting relationship built on trust and goodwill. Goals of company support and involvement: 1. Preserve and strengthen the economy and our economic system, and encourage private enterprise and individual initiative 2. Promote a healthy community environment – including viable civic, cultural, educational, health and human service institutions and undertakings 3. Enhance international understanding and cooperation 4. Assist colleges and universities that contribute to the success of the company 5. Encourage educational excellence and promote a favorable educational environment 6. Assist in recruiting well-qualified personnel and encourage increased student enrollment in science, engineering and other disciplines related to the company's interest. 7. Promote basic research related to the various interests of the company and the community 8. Promote educational opportunities for women and minorities in professional disciplines utilized by the chemical industry. These guidelines cover community investments made to charitable organizations, colleges, universities, education-related organizations, and public-service groups. Financial Information Chevron Phillips Chemical provides the following financial information: Selected Data, Quarterly Unaudited and Annual Audited Financial Statements, and Historical Securities and Exchange Commission ("SEC") filings. Chevron Phillips Chemical elected to cease its practice of voluntarily filing reports with the SEC effective November 27, 2006. The following are planned dates to publish financial information. Please note that these dates are subject to change. Accounting Period Planned Date For 12 months 2010 February 28, 2011 For 3 months 2011 April 29, 2011 For 6 months 2011 July 29, 2011 For 9 months 2011 October 31, 2011 Instructions for displaying financial information: Use the down arrows to first select the Year, and then select the Accounting Period for the financial statements you wish to view. Click View to bring up the financial statements and click on the resulting link to view the financial statements. Financial Reports Year Accounting Period 2010 for 3 months View Selected Data Year 2010 View Historical SEC Filings Historical SEC filings are provided through a hyperlink to the SEC's website. Chevron Phillips Chemical does not maintain or provide information directly to this site. Chevron Phillips Chemical makes no representations or warranties with respect to the information contained therein and takes no responsibility for supplementing, updating or correcting any such information. Business Continuity Mission Chevron Phillips Chemical has in place a Business Continuity Plan (BCP) designed to facilitate orderly resumption of normal business operations and functions following any event that impacts or potentially impacts business operations. Objectives The Business Continuity Plan endeavors to advance the following objectives: Enable the company to satisfy business obligations to employees, customers, and other business associations and communities throughout the business continuity event and related recovery processes. Provide the company with viable and well-maintained plans to support a timely and effective recovery of interrupted operations. Minimize adverse impacts to the company as a result of an interruption of normal business operations. Mitigate the effects of an interruption on the company’s time-sensitive business operations and functions by providing a set of pre-defined and flexible guidelines and procedures to be used in managing recovery processes. Resume time-sensitive business operations and associated support functions to ensure business continuity, stability of earnings and planned growth. Resume technology operations and support for time-sensitive business functions, in the event existing technology processing has been rendered inoperable. Scope The scope of the BCP includes time-sensitive business and manufacturing functions, automated technology, and support areas of Chevron Phillips Chemical. The plan will be activated in the event that the company is involved in a qualifying emergency that affects or potentially affects normal operations. Maintenance Quality assurance process: Review existing processes, develop exercise and planning scenarios involving the Business Continuity Steering Committee, evaluate results, and modify plans accordingly. Submit annual Letters of Representation by business unit representatives attesting to BCP Plans. Frequently Asked Questions Are you Chevron or Phillips? Answer: In July 2000, our owner organizations, Chevron Corporation and Phillips Petroleum Company (now ConocoPhillips), combined its petrochemical businesses to form what is now known as Chevron Phillips Chemical Company LLC. We are a separate company with headquarters in The Woodlands, Texas that employs approximately 4,600 employees and has assets totaling approximately $7 billion. What is your safety record? Answer: At Chevron Phillips Chemical, safety will always be our top priority. We have a “Vision of Zero,” meaning a target of zero injuries and zero major incidents. In fact, our safety record has improved by more than 50 percent since the company’s inception in 2000, thus affording us “elite” status among our industry’s top safety performers. Today, Chevron Phillips Chemical is well on its way to becoming the safest company in the petrochemicals industry. What is Loop Slurry technology? Answer: Loop Slurry technology is Chevron Phillips Chemical’s proprietary process for high- density polyethylene production. The technology is applicable to various densities of polyethylene and adaptable to advanced catalysts including metallocenes and dual-site catalyst systems for single-reactor bimodal resins. The loop slurry process technology delivers high-reactor throughput while minimizing capital and operating costs. It is utilized internationally by numerous commercial reactor facilities, and as a result, is one of the most widely licensed processes in the world. What is Aromax® benzene production technology? Answer: Aromax® benzene production technology is Chevron Phillips Chemical’s proprietary process for the on-purpose production of benzene. Our process is the lowest cost process in the industry. What is your company’s commitment to research? Answer: Chevron Phillips Chemical discoveries have not only improved, but transformed the commodity chemical business. Our scientists were responsible for inventing several modern plastics, and we have the patents and proprietary technology to prove it. Even now, at our three research and technology centers around the world, more than 330 of our scientists, researchers and engineers make advances and refinements daily. Company-wide, we are finding better ways to reduce manufacturing costs, streamline operations, and develop new technologies that improve the petrochemicals and plastics that are essential to our quality of life. What is your company’s commitment to environmental stewardship? Answer: Chevron Phillips Chemical has invested over $100 million dollars to reduce ozone-forming nitrogen oxides (NOx) emissions by 75 percent as a whole at our facilities in the eight county area surrounding Houston. We pride ourselves on our proactive environmental initiatives. For example, numerous waste byproducts are now being regenerated and re-utilized in the manufacture of new products. Chevron Phillips Chemical actively participates in cogeneration programs. Additionally, the company has reduced its reportable events by 45 percent since the company's inception. Is Performance Pipe owned by Chevron Phillips Chemical Company? Answer: Yes. Performance Pipe, producing Driscoplex® piping products is a division of Chevron Phillips Chemical Company LP. Performance Pipe is the largest manufacturer of high-density polyethylene pipe (HDPE) in North America. Our HDPE pressure pipe is sold regularly to over 400 customers and serves as an integral component in municipal, mining, irrigation, electrical, telecommunications, petroleum, natural gas, and numerous other industrial applications. Are you a chemical or a plastics company? Answer: Both. Chevron Phillips Chemical is a global leader in the production of olefins and polyolefins. We are also a principal supplier of aromatics, alpha olefins, styrenics, specialty chemicals, polyethylene pipe, and proprietary plastics. How many different business lines do you have? Answer: Our mix of petrochemical and plastics products is segmented into two business lines – Olefins and Polyolefins, and Specialties, Aromatics & Styrenics. The chemical products produced by these divisions are essential to manufacturing more than 70,000 consumer and industrial products. Where do you operate? Answer: Chevron Phillips Chemical, with its joint venture partners, currently has 36 production facilities located in the United States, Belgium, China, Colombia, Qatar, Saudi Arabia, Singapore, and South Korea. Where are your research centers? Answer: Our research and technical centers are located in Bartlesville, Oklahoma; Kingwood, Texas; Tessenderlo, Belgium; and Singapore. What charitable organizations do you support? Answer: Chevron Phillips Chemical is committed to meaningful community involvement and focuses our primary outreach efforts on programs that support science, the environment, and math. Since our employees live and work in the same community as our facilities, each facility tailors its community outreach to the needs of their location. Our outreach programs include, but are not limited to, both cash contributions and volunteer opportunities that span the gamut from building houses for our less fortunate neighbors; supporting the development of nature gardens for the enjoyment of our communities; sponsoring youth summer camps that encourage interest in math and science; and, even hosting recreational fishing expeditions on our own property. Where are you headquartered? Answer: In The Woodlands, Texas, 27 miles north of Houston. What products do you produce? Answer: Chevron Phillips Chemical produces chemical products that are essential to manufacturing over 70,000 consumer and industrial products. We operate under two business lines and our products include: 1. Olefins & Polyolefins - Ethylene, Marlex® Polyethylene, Normal Alpha Olefins, Synfluid® Polyalphaolefins, Propylene, Marlex® Polypropylene, and DriscoPlex® High-Density Polyethylene Pipe, Conduit and Pipe Fittings 2. Specialties, Aromatics & Styrenics - Cyclohexane, Paraxylene, Styrene, Polystyrene, Benzene, K-Resin® Styrene-Butadiene Copolymers (SBC), Mercaptans, Mining Chemicals, Soltex® Drilling Mud Additive, Ryton® Polyphenylene Sulfide (PPS), X-Tel® PPS, TrackTek™ Racing Fuels, Specialty Organosulfur Compounds What are your products used for? Answer: 1. Products in the olefins and polyolefins family are used in plasticizers, synthetic motor oils, paraffin wax, lubricants, antifreeze, paint, soap, and household detergents. Additionally, olefins are used to produce high-density, low-density, and linear low-density polyethylene resins for plastic pipe, merchandise bags, milk jugs, surgical gloves, food packaging, and automobile gas tanks. 2. Specialties, Aromatics & Styrenics are used in electronics, automobiles, appliances, agriculture, and pharmaceuticals. Additionally, extractive chemicals are used in drilling muds for oil and gas wells, copper mining, and in mineral processing as solvents and flotation agents. Also, these products are used in the manufacture of nylon, housewares, construction materials, carpet, polyester, plastic utensils, and DVDs, CDs and videocassettes.
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