CPChem Q4 earnings slump on PE price declines
Phillips 66/Chevron joint venture CPChem reported a $24 million Q4 loss driven by declining polyethylene prices, reversing a $351 million sequential profit.
chemweek · 2026-02-04 04:27
2 articles
Phillips 66/Chevron joint venture CPChem reported a $24 million Q4 loss driven by declining polyethylene prices, reversing a $351 million sequential profit.
CPChem CEO confirms Qatar's Ras Laffan petrochemicals project remains on schedule, with ethylene and polyethylene plants set to commence production in 2026 amidst an expected industry rebound.