Chevron Phillips
Chevron Phillips Chemical Company, a prominent player in the petrochemical industry, is headquartered in the United States. Founded in 2000 as a joint venture between Chevron Corporation and Phillips 66, the company has established itself as a leader in the production of polymers, chemicals, and specialty products. With major operational regions across North America, Europe, and Asia, Chevron Phillips is renowned for its innovative approach to manufacturing high-quality polyethylene and polypropylene. The company’s commitment to sustainability and technological advancement has led to significant milestones, including the development of advanced recycling processes. Chevron Phillips Chemical is recognised for its robust market position, consistently ranking among the top producers in the industry. Its unique offerings, such as high-performance materials and custom solutions, set it apart in a competitive landscape, making it a trusted partner for various sectors, including packaging, automotive, and construction.
DitchCarbon Score
How does Chevron Phillips's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Chemicals industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Chevron Phillips's score of 18 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Chevron Phillips's reported carbon emissions
In 2023, Chevron Phillips reported total carbon emissions of approximately 7,200,000,000 kg CO2e from Scope 1 and 2 sources, with Scope 1 emissions at about 7,200,000,000 kg CO2e and Scope 2 emissions at approximately 2,400,000,000 kg CO2e. The total emissions for Scope 1 and 2 combined reached around 9,600,000,000 kg CO2e. Over the years, Chevron Phillips has maintained a consistent emissions profile, with similar figures reported in previous years. For instance, in 2022, the company recorded approximately 7,100,000,000 kg CO2e for Scope 1 and 2 emissions, indicating a slight increase in emissions in 2023. Despite the lack of specific reduction targets or initiatives disclosed, Chevron Phillips is actively engaged in monitoring and reporting its emissions. The company has not set formal reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges, which may reflect a broader industry trend of companies grappling with the complexities of emissions reduction in the chemical sector. Overall, Chevron Phillips's emissions data highlights the ongoing challenges faced by the industry in addressing climate change, while the absence of defined reduction commitments suggests an area for potential improvement in their sustainability strategy.
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| 2010 | 2011 | 2012 | 2013 | 2014 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 400 | 000 | 000 | 000 | 000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 600 | 000 | 000 | 000 | 000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 800 | 000 | 000 | 000 | 000 | - | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Chevron Phillips is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
