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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 22 is lower than 36% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Chemicals is among the most carbon-intensive industries
The Chemicals industry has reduced its overall emissions by 19% since 2018
Scope 3 accounts for ••• of total emissions.
Chevron Phillips, a US-headquartered company in the Chemicals nec industry, reported Scope 1 emissions of approximately 7.3 billion kg CO2e and Scope 2 emissions of approximately 2.5 billion kg CO2e in 2024. In 2023, the company's Scope 1 emissions were about 7.2 billion kg CO2e and Scope 2 emissions were around 2.4 billion kg CO2e. Looking back to 2022, Chevron Phillips disclosed Scope 1 emissions of approximately 7.1 billion kg CO2e and Scope 2 emissions of about 2.3 billion kg CO2e. For 2021, Scope 1 emissions were approximately 7.2 billion kg CO2e and Scope 2 emissions were around 2.4 billion kg CO2e. In 2020, the company reported Scope 1 emissions of approximately 6.9 billion kg CO2e and Scope 2 emissions of about 2.5 billion kg CO2e.
Chevron Phillips has set a near-term intensity target to reduce the carbon intensity of its operations by 15% by 2030, using a 2020 baseline. This target covers both Scope 1 and Scope 2 greenhouse gas emissions at its operated facilities. Although data for some initiatives are cascaded from Phillips 66 through a corporate family relationship, Chevron Phillips Chemical Company LLC directly reports its carbon emissions and reduction targets.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
No scope 3 category breakdown has been disclosed yet.


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