20 Companies! Summary of Global Chemical Giants’ 2024 Financial Performance!

As of March 1, global chemical giants—including BASF, Dow, Covestro, Arkema, DuPont, Huntsman, Lanxess, Celanese, Syensqo, Trinseo, INEOS, Honeywell, Clariant, Eastman, SABIC, Chemours, LyondellBasell, ExxonMobil, LG Chem, and Avient—have all released their 2024 financial results. Given market conditions in 2024, several giants announced a series of cost-cutting measures. Specifically: BASF On February 28, BASF published its full-year 2024 financial results. Full-year 2024 sales totaled €65.3 billion (approximately RMB 49.649 billion), down from €68.9 billion in 2023—a decrease of €3.6 billion. EBITDA stood at €6.7 billion, down €500 million year-on-year (€7.2 billion in 2023); EBIT amounted to €2.0 billion, down €206 million; net income reached €1.3 billion, compared to €225 million in 2023—significantly higher than the prior year. By the end of 2024, BASF had incurred approximately €900 million in one-time costs related to its cost-savings program. Dow On January 30, Dow Inc. released its latest financial report. Full-year 2024 net sales totaled $43.0 billion, down from $44.6 billion in 2023—a decline of $1.6 billion; GAAP net income was $1.2 billion, up from $660 million in 2023; operating EBIT was $2.6 billion, down from $2.8 billion in 2023. Cash flow from operating activities for continuing operations amounted to $2.9 billion, down from $5.2 billion in 2023. The report indicated that Dow is implementing measures to cut costs by $1.0 billion, including eliminating approximately 1,500 positions globally. Covestro On February 26, Covestro released its fiscal 2024 results: sales declined 1.4% to €14.2 billion (€14.4 billion in the prior year), primarily due to lower selling prices; EBITDA remained stable, dipping slightly by 0.8% to €1.1 billion—within expectations; net profit was -€266 million (compared to -€198 million in the prior year); free operating cash flow stood at €89 million (down from €232 million in the prior year). In Q4 2024 alone, Covestro’s sales rose 0.9% year-on-year to approximately €3.4 billion; EBITDA surged 44.7% year-on-year to €191 million; free operating cash flow jumped 246.6% year-on-year to €253 million. Arkema On February 28, Arkema released its full-year 2024 results: sales totaled €9.5 billion, remaining stable year-on-year; volume increased by 2.4%, driven by growth in Asia’s specialty materials business. EBITDA reached €1.532 billion, with an EBITDA margin of 16.1%, slightly up year-on-year. Recently, Arkema has invested in several major growth initiatives—including acquiring PIAM’s polyimide business, acquiring Ashland’s and Dow’s adhesives businesses, and adding new capacity in its Advanced Materials division—to serve attractive markets such as bio-based consumer goods, new energy, electrification, 3D printing, and sports.

Q1 2024 Financial Review of Global Chemical Giants (North America Edition)

Original link: Q1 2024 Financial Review of Global Chemical Giants (North America Edition) In the first quarter of 2024, several major companies in the chemical industry faced challenges in both revenue and profitability. Dow, Nutrien, Corteva, Mosaic, Eastman, Albemarle, and Chemours all reported year-on-year declines in net sales—indicating weakening market demand. Below is an overview of these chemical enterprises ranked by revenue: ● The North American chemical industry faced numerous challenges at the start of 2024. Company performance reflects differing approaches to navigating economic volatility, cost management, and market adaptation. As data from this quarter reveals, the industry may seek new strategies to strengthen financial resilience and prepare for future uncertainties.

Chemours downgraded by RBC on weak chemical demand

Oct 13, 2026

RBC Capital Markets downgraded Chemours to Sector Perform, cutting its price target to $14 amid weak titanium dioxide demand and refrigerant challenges, despite potential long-term growth in eco-friendly fluids.

Seeking Alpha

2026-04-17

Chemours' Fayetteville Works Earns Gold-Level WHC Conservation Certification for Environmental Excellence

2026-04-18

Chemours Company Receives Average 'Hold' Recommendation from Brokerages

2026-04-21

Chemours' West Virginia Forest Partnership Delivers Measurable Climate and Community Impact After Five Years

2026-04-21

Chemours to Release Q1 2026 Results May 5, Host Webcast

2026-04-22

Activists Demand No-Mining Pledge Near Okefenokee Swamp from Chemours