Is Chevron Phillips Chemical Competitor with Enterprise Products?

Is Chevron Phillips Chemical Competitor with Enterprise Products? Chevron Phillips Chemical and Enterprise Products are not direct competitors in the traditional sense, as their core operations and business models serve different purposes. However, there are points of intersection, particularly in the NGL and petrochemical supply chain, where their interests might align or diverge. For the most part, CPChem depends on companies like Enterprise for feedstocks, making their relationship more collaborative than competitive.