Chevron Phillips Chemical is a petrochemical company jointly owned by Chevron Corporation and Phillips 66. The company manufactures petrochemical, chemical, and plastic products, such as ethylene, propylene, polyethylene, and polypropylene. Its products are essential to manufacturing over 70,000 consumer and industrial products. Chevron Phillips Chemical Company LLC was incorporated in 2000 and is headquartered in The Woodlands, Texas with 35 manufacturing and research centers and 5,000 employees worldwide.