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 21 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Chevron Phillips's reported carbon emissions
In 2023, Chevron Phillips Chemical Company reported total carbon emissions of approximately 9,600,000,000 kg CO2e, comprising 7,200,000,000 kg CO2e from Scope 1 emissions and 2,400,000,000 kg CO2e from Scope 2 emissions. This marks a slight increase from 2022, where total emissions were about 9,300,000,000 kg CO2e, with Scope 1 at 7,100,000,000 kg CO2e and Scope 2 at 2,300,000,000 kg CO2e. Chevron Phillips has set ambitious climate commitments, aiming for a 15% reduction in carbon intensity at its operated facilities by 2030, relative to a 2020 baseline. This target applies to both Scope 1 and Scope 2 emissions, reflecting the company's focus on improving operational efficiency and reducing greenhouse gas emissions. The emissions data is cascaded from its parent company, Chevron Corporation, indicating a corporate commitment to sustainability across its subsidiaries. Chevron Phillips's ongoing efforts to enhance its environmental performance align with industry standards and reflect a proactive approach to addressing climate change.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 7,100,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 2,400,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | - |
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 participating in any of the initiatives that 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.
