The enhanced oil recovery phase of oil reservoirs production usually comes after the water/gas injection (secondary recovery) phase. The main objective of EOR application is to mobilize the remaining oil through enhancing the oil displacement and volumetric sweep efficiency. The oil displacement efficiency enhances by reducing the oil viscosity and/or by reducing the interfacial tension, while the volumetric sweep efficiency improves by developing a favorable mobility ratio between the displacing fluid and the remaining oil. It is important to identify remaining oil and the production mechanisms that are necessary to improve oil recovery prior to implementing an EOR phase. Chemical enhanced oil recovery is one of the major EOR methods that reduces the residual oil saturation by lowering water-oil interfacial tension (surfactant/alkaline) and increases the volumetric sweep efficiency by reducing the water-oil mobility ratio (polymer). In this chapter, the basic mechanisms of different chemical methods have been discussed including the interactions of different chemicals with the reservoir rocks and fluids. In addition, an up-to-date status of chemical flooding at the laboratory scale, pilot projects and field applications have been reported.