Top 20 Global Chemical Companies by Revenue in 2025

DuPont announced its Q4 and full-year 2025 financial results. Q4 net sales totaled $1.693 billion, up slightly from $1.689 billion in the prior-year quarter. Net loss attributable to DuPont’s common shareholders for the quarter was $126 million, compared to a net loss of $117 million in the prior-year quarter. Full-year net sales amounted to $6.849 billion, up from $6.719 billion in 2024. Full-year net loss attributable to DuPont’s common shareholders was $779 million, versus net income of $703 million in 2024. DuPont has already completed the spin-off of its Electronics Materials business into an independent, publicly traded company named Qnity Electronics. Huntsman Corporation announced its Q4 and full-year 2025 financial results. Q4 revenue totaled $1.355 billion, down from $1.452 billion in the prior-year quarter. Net loss attributable to the company for the quarter was $96 million, compared to a net loss of $141 million in the prior-year quarter. Full-year revenue totaled $5.683 billion, down from $6.036 billion in 2024. Full-year net loss attributable to the company was $284 million, versus a net loss of $189 million in 2024. Industrial Gases Linde plc announced its Q4 and full-year 2025 financial results. Q4 sales totaled $8.764 billion, up from $8.282 billion in the prior-year quarter. Operating profit for the quarter was $2.018 billion, down from $2.27 billion in the prior-year quarter. Net income for the quarter was $1.53 billion, down from $1.725 billion in the prior-year quarter. Full-year sales totaled $33.986 billion, up from $33.005 billion in 2024. Full-year operating profit was $8.923 billion, up from $8.635 billion in 2024. Full-year net income was $6.898 billion, up from $6.565 billion in 2024. Air Liquide announced its 2025 full-year results. Total revenue amounted to €26.94 billion (approximately $31.6 billion), down slightly from €27.058 billion in 2024. Group net profit attributable to shareholders was €3.518 billion, up from €3.306 billion in 2024. Air Products & Chemicals announced its first fiscal quarter results ended December 31, 2025. Quarterly sales totaled $3.103 billion, up from $2.932 billion in the prior-year quarter. Operating profit for the quarter was $735 million, up from $644 million in the prior-year quarter. Net income attributable to the company was $678 million, up from $617 million in the prior-year quarter. Crop Science Syngenta Group announced its Q4 and full-year 2025 financial results. Q4 group revenue totaled $7.6 billion, up from $7.5 billion in the prior-year quarter. Of this, Syngenta Crop Protection revenue was $3.9 billion; Adama revenue was $1.0 billion; Syngenta Seeds revenue was $1.6 billion; and Syngenta Group China revenue was $1.8 billion. Q4 group EBITDA was $900 million, down from $1.1 billion in the prior-year quarter. Full-year group revenue totaled $28.4 billion, down from $28.8 billion in 2024. Full-year group EBITDA was $4.4 billion, up from $3.9 billion in 2024. Of this, Syngenta Crop Protection revenue was $13.7 billion; Adama revenue was $4.1 billion; Syngenta Seeds revenue was $4.8 billion; and Syngenta Group China revenue was $8.3 billion.

Air Products Counters Activist Investors! New CEO News Also Emerges

"Moreover, the Board has undergone meaningful refreshment: six of its nine directors were appointed within the past five years—including two newly nominated directors, Bob Patel and Alfred Stern—who bring extensive experience leading and overseeing public companies." Fifth, replacing the entire Board would destabilize the company, destroy value, and jeopardize Air Products’ future. "Activist investor Mantle Ridge is attempting to gain full control of the company—halting our growth momentum without thoughtful planning. Holding only approximately 1.8% of Air Products’ shares, Mantle Ridge seeks to replace all of Air Products’ directors with its unqualified nominees—and to replace the CEO and executive leadership team." The Board believes Mr. Ghasemi is the right leader at this time, as evidenced by his successful transformation of Air Products into the world’s most profitable industrial gases company—and as we stand at a pivotal moment executing our clean hydrogen strategy. During Mr. Ghasemi’s 10-year tenure as CEO, Air Products’ adjusted EBITDA margin has improved by nearly 2,000 basis points, earnings per share have grown at a compound annual rate of 11%, and the stock price has approached all-time highs. Air Products urges stakeholders: "We must fully advance our clear, long-term plan to drive sustainable shareholder value—not sacrifice the interests of other shareholders to satisfy Mantle Ridge’s short-term agenda." Air Products’ Annual General Meeting will be held on January 23, 2025. All shareholders of record as of the close of business on November 27, 2024, are entitled to vote at the meeting. Timeline of Key Events July 2024: Air Products established a new Senior Management Committee to execute its dual-pillar growth strategy—expanding its industrial gases business while becoming a leader in clean hydrogen. October 2024: Activist investor Mantle Ridge and globally renowned hedge fund D.E. Shaw jointly announced they had collectively acquired $1 billion worth of Air Products shares, urging the company to cut costs, focus on core operations, and pave the way for new leadership. Both activist investors shared a common objective: pressuring Air Products to establish a clear succession plan for its 80-year-old CEO, Seifi Ghasemi—one of the oldest CEOs among S&P 500 constituents—who has served in the role for a decade. November 18, 2024: Air Products nominated Bob Patel and Alfred Stern for election to its Board at the upcoming Annual General Meeting. Both executives possess extensive experience leading large, publicly traded industrial companies. This Board refreshment appears to reflect Air Products’ responsiveness to calls for governance reform. However, since the majority of incumbent directors remain in place, activist investors continue to question whether these efforts go far enough. November 19, 2024: Activist investor Mantle Ridge formally nominated nine director candidates to replace Air Products’ entire Board, urging the appointment of a new CEO, a realignment of capital allocation, and the abandonment of high-risk projects.