CPChem net income surges 29% YOY on volume, margins

MOSCOW (MRC) -- Chevron Phillips Chemical (CPChem; The Woodlands, Texas) reported fourth-quarter net income of USD383 million, up 29% year over year (YOY) from USD296 million, according to Chemweek with reference to data releasedВ by Phillips 66. CPChem is a 50-50 joint venture between Phillips 66 and Chevron.The olefins and polyolefins segment turned in net income of USD410 million, up 5

Full article at mrcplast.com