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4d39a0d1-bb48-4fcc-8c56-d2a030687d13Chevron Phillips Chemical Company LLC

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4d39a0d1-bb48-4fcc-8c56-d2a030687d13Chevron Phillips Chemical Company LLC Powered By Docstoc
					               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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