Case Study

 

Complete the case study of the company that you have been researching. Respond to the four    writing prompts below. Your responses must include information from academic   and  scholarly research at least two other online sources. 

1. Create a case study summary of the company you have chosen, including a          general overview of the company, its external environment, and a list of    its       current strategies and objectives.
2. If the company continues with its present strategies and objectives, where          will it be in five years?
3. If you were the CEO of the company, what strategies would you recommend,          and why?
4. Describe the competitive strategies used by the company’s main          competitors. Which of these strategies are the most effective? How can your          company combat these strategies? Support your answers.

If you paraphrase, quote, or use ideas from any source, you should cite your    sources using APA guidelines. Your case study should be at least three pages in    length, excluding a cover page and references page. 

Chevron Phillips Chemical Co LLC

1

Chevron Phillips Chemical Co LLC

Chevron Phillips Chemical Company LLC is one of the world’s top producers of olefins and polyolefins with Specialty Chemical groups offering a wide range of alkanes, mining chemicals, aromatics, and natural gas odorants around the globe. Based in Woodlands TX, Chevron Phillips Chemical Company LLC is a joint venture between Houston-based Phillip 66 and California-based Chevron Corp with over $16 billion in assets, over $9 billion in revenue, employing nearly 5000 workers throughout 33 facilities(Chevron Phillips Chemical Company LLC, 2020). Chevron Corporation and Phillips Petroleum Company, now Phillips 66 each own 50 percent of Chevron Phillips Chemical Company LLC.

Chevron Phillips Chemical (CPChem) has 31 facilities located in the United States, Belgium, Columbia, Saudi Arabia, and Singapore along with two major research, technology, and quality control centers in Kingwood, TX and Bartlesville, OK(Chevron Phillips Chemical Company LLC, 2020).Chevron Phillips Chemical along with Qatar Petroleum inked an agreement to pursue an $8 billion petrochemical complex that would have a 2-million-metric-ton-per-year ethylene cracker plant and 1-million-metric-ton-per-year polyethylene plant. Most recently CHChem has begun construction on a $5.86 billion project that will employ approximately 3500 workers by 2024(Pulsinelli, 2019).

Chevron Phillips Chemical has been recognized at the American Chemistry Council’s (ACC) Responsible Care Conference and Expo for achieving energy-efficiency improvements for back-to-back years(Chevron Phillips Chemical Company LLC, 2020). Chevron Phillips Chemical Company has agree to report spills of pre-production plastic pellets, which are believed to be a significant source of ocean plastic pollution(Second Large Plastics Manufacturer, 2019).CPChem approach to stakeholder engagement is to identify and include stakeholders in the design and implementation of the engagement process.

References
Chevron Phillips Chemical Company LLC. (2020, February 7). Retrieved from cpchem.com: http://www.cpchem.com/en-us/sustain/pages/about-chevron%20phillips%20chemical.aspx
Pulsinelli, O. (2019, June 21). Chevron Phillips Chemical reportedly make $15B acquisition bid. Retrieved from Houston Business Journal: https://www.bizjournals.com/houston/news/2019/06/21/chevron-phillips-chemical-reportedly-makes-15b.html
Second Large Plastics Manufacturer. (2019, April 9). Retrieved from Plastic Pollution Coalition: https://www.plasticpollutioncoalition.org/blog/2019/4/9/7vynjta76svqssdj39yx76yxgmol47