CP50: Chevron Phillips Chemical Company LP
On July 1, 2000, Chevron Corp. and Phillips Petroleum Co., now ConocoPhillips, combined their worldwide petrochemical businesses, excluding Chevron’s oronite additives business, to form Chevron Phillips Chemical Co. LLC. Chevron and ConocoPhillips each own 50% of Chevron Phillips Chemical.
The company and its affiliates produce chemicals that are essential to manufacturing over 70,000 consumer and industrial products. Chemical products include olefins and polyolefins, aromatics, alpha olefins, styrenics, specialty chemicals, piping and proprietary plastics. These products serve a wide array of markets and range from food packaging to cleaner fuels, biodegradable solvents to medical devices.
Chevron Phillips Chemical, with its joint venture partners, currently has 36 production facilities located in the United States, Puerto Rico, Colombia, Brazil, Singapore, China, South Korea, Saudi Arabia, Qatar and Belgium.
Additionally, the company has six research, technology and quality control centers worldwide. These facilities provide full-scale petrochemical and polymer research including new catalyst development, product and process development, and commercial process support. The company has approximately $7 billion in assets, operates 42 manufacturing and research facilities in nine countries, and employs more than 5,000 people worldwide.
Peter L. Cella
President and CEO
Cella was named president and CEO February 2011. Before joining Chevron Phillips, he served as senior vice president, petrochemicals for BASF Corporation. His prior experience also includes serving as chief executive officer of Ineos Nitriles, part of the Ineos Group, a position he was named to in 2005. From 2004 to 2005, Cella served as senior vice president of Innovene, LLC. From 1999 to 2004, he held various positions with BP, P.L.C., as business unit leader of global olefin specialties and derivatives, president of fabrics and fibers, and manager of chemicals planning and strategy.<br><br> Cella received a bachelor of science degree in finance from the University of Illinois in 1979 and a masters degree in business administration from Northwestern University in 1981.
Senior Vice President, Manufacturing
Coombs previously served as senior vice president of Specialties, Aromatics & Styrenics. Before that, Coombs served as vice president of corporate planning and development. Other positions held within Chevron Phillips Chemical included vice president, Qatar and deputy general manager for Qatar Chemical Limited (Q-Chem), Q-Chem manufacturing manager, Cedar Bayou plant manager and specialty chemicals general manager. Coombs joined Phillips Petroleum Company in 1978 in research and development, and has been awarded 18 U.S. and numerous foreign patents.
Senior Vice President, CFO and Controller
Leveille previously served as Chevron Corp.’s assistant treasurer, where his responsibilities included oversight and support of global cash management and financing activities for Chevron operating companies worldwide. Leveille began his career at Chevron as a group associate for the company’s joint venture Caltex Petroleum Corp. in 1987. From 1987 to 2004, he served in various roles for Caltex’s Asia and South Africa offices including country chairman and chief financial officer of Caltex Philippines. In 2007, he served as vice president of finance of Chevron’s global gas businesses. In 2009, he was named senior director of international finance in corporate treasury, where he was responsible for oversight and support of financing activities of Chevron operating companies in the Americans, Asia Pacific and the company’s global businesses.
For the latest financial reports, visit: http://www.cpchem.com/enu/financial_data.asp