Chevron Phillips Chemical Company LLC, commonly referred to as Chevron Phillips, is a prominent player in the chemicals nec industry, headquartered in the United States. Established in 2000, the company emerged from a joint venture between Chevron Corporation and Phillips 66, quickly establishing itself as a leader in the production of petrochemicals and plastics.
With major operational regions across North America, Europe, and Asia, Chevron Phillips focuses on manufacturing a diverse range of core products, including ethylene, propylene, and various specialty chemicals. Their commitment to innovation and sustainability sets them apart in the market, enabling them to deliver high-quality solutions tailored to customer needs.
Recognised for their operational excellence, Chevron Phillips has achieved significant milestones, including advancements in technology and safety. Their strong market position is underscored by a reputation for reliability and a robust portfolio that supports various industries worldwide.
-10 vs industry average
Chevron Phillips’s score of 19 is lower than 35% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Chemicals is among the most carbon-intensive industries
Industry performance
The Chemicals industry has reduced its overall emissions by 6% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Chevron Phillips's reported carbon emissions
Chevron Phillips Chemical Company LLC, a US-based company in the Chemicals nec industry, reported approximately 9.8 billion kg CO2e of Scope 1 and Scope 2 emissions in 2024. This marks a slight increase from approximately 9.6 billion kg CO2e in 2023 and approximately 9.3 billion kg CO2e in 2022. Scope 3 emissions data were not disclosed for these years, though "purchased goods and services" was noted as a missing data point. The company has set a near-term target to reduce its carbon intensity by 15% by 2030, using a 2020 baseline. This intensity reduction target encompasses both Scope 1 and Scope 2 greenhouse gas (GHG) emissions at CPChem-operated facilities. For instance, in 2022, the company announced this commitment, which aims for a 15% reduction in operational carbon intensity by 2030. Chevron Phillips Chemical Company LLC's emissions data are cascaded from Chevron Phillips Chemical Company LLC.
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Chevron Phillips’s Climate Goals (2030 & 2050)
3 goals2030
15% reduction in Scope 2
CPChem is targeting a 15% reduction in its carbon intensity by 2030 compared to a 2020 baseline.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
Inherited from Chevron Corporation
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Inherited from Chevron CorporationEmissions comparison with industry peers
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Chevron Phillips
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