Public Profile

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.

18

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.

2

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.

89%

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 about 9,600,000,000 kg CO2e. Over the years, Chevron Phillips has maintained consistent emissions levels, 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, and in 2021, emissions were about 7,200,000,000 kg CO2e for Scope 1 and 2. Despite these substantial emissions figures, there are currently no publicly disclosed reduction targets or initiatives from Chevron Phillips aimed at decreasing their carbon footprint. The company has not committed to any specific climate pledges or science-based targets for emissions reduction, indicating a potential area for future improvement in their sustainability strategy. As a major player in the chemical industry, Chevron Phillips's emissions profile reflects the broader challenges faced by the sector in addressing climate change and transitioning towards more sustainable practices.

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20102011201220132014201820192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Chevron Phillips's primary industry is Chemicals nec, which is medium in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Chevron Phillips is headquartered in US, which has a rank of low, indicating low grid carbon 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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