Chevron Phillips Chemical appoints Tim D. Leveille to CFO, controller, effective March 1

THE WOODLANDS, Texas , February 16, 2012 (press release) – Chevron Phillips Chemical Company LLC (Chevron Phillips Chemical) is pleased to announce that effective March 1, 2012, Tim D. Leveille has been appointed senior vice president, chief financial officer and controller, reporting to Peter L. Cella, president and chief executive officer.

“We are pleased to have Tim join our executive management team”

Leveille comes to Chevron Phillips Chemical from Chevron Corporation, most recently serving as an assistant treasurer, where his responsibilities included oversight and support of global cash management and financing activities for Chevron operating companies worldwide.

“We are pleased to have Tim join our executive management team,” said Cella. “His depth of experience and knowledge of our industry will be invaluable as we pursue our strategic growth objectives in the future.”

About Chevron Phillips Chemical Company LLC

Chevron Phillips Chemical is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins. The LLC and its affiliates own over $8 billion in assets and employ approximately 4,700 people at 42 manufacturing and research facilities in eight countries. Chevron Phillips Chemical Company LLC is equally owned by Chevron Corporation and ConocoPhillips, and is headquartered in The Woodlands, Texas. For more information about Chevron Phillips Chemical, visit www.cpchem.com.

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