20 Companies! Chemical Giants’ 2024 Performance Summary!

Lanxess On January 20, Lanxess issued a preliminary earnings announcement, forecasting EBITDA (earnings before interest, taxes, depreciation, and amortization) for Q4 2024 at approximately €159 million—22% above the current market consensus of €130 million (VARA consensus). Accordingly, full-year 2024 EBITDA before non-recurring items is expected to reach approximately €614 million, up about 20% year-on-year and at the upper end of the previously guided growth range of 10–20%. Q4 performance was primarily driven by stronger-than-expected sales in December, particularly due to customer pre-purchasing. This early-sales effect occurred mainly in the U.S., targeting products from the Specialty Additives and Consumer Protection divisions. Huntsman On February 17, Huntsman Corporation released its 2024 financial results: full-year revenue totaled approximately $6.0 billion, with a net loss of $189 million. In Q4 2024 alone, revenue amounted to $1.452 billion; net loss attributable to Huntsman was $141 million, while adjusted net loss attributable to Huntsman stood at $43 million, and adjusted EBITDA reached $71 million. Huntsman’s quarterly results for the first three quarters of 2024 were as follows: Q3 revenue was $1.54 billion with a net loss of $33 million; Q2 revenue was $1.574 billion with net income of $22 million; Q1 revenue was $1.47 billion with a net loss of $37 million. Syensqo On February 27, Syensqo published its 2024 financial results: net sales totaled €6.6 billion, reflecting an organic decline of 3% year-on-year—primarily driven by price reductions (−4%). EBITDA amounted to €1.4 billion, in line with expectations. In Q4 2024, net sales reached €1.6 billion, representing an organic increase of 2% year-on-year—mainly attributable to volume growth (+3%). EBITDA for the quarter was €298 million, up 5% organically year-on-year, with contributions from both the Materials & Consumer Goods and Resources businesses. Additionally, in 2025, Syensqo will continue evaluating options to accelerate value creation—including asset divestitures—to become a more focused specialty chemicals company. Building on the already decided exit from oil & gas operations, the company plans to pursue a similar strategy for its Fragrance & Functional Chemicals business. Meanwhile, the Board has approved exploring the possibility of a dual listing in the U.S., outside Brussels. SABIC On February 26, Saudi Basic Industries Corporation (SABIC) announced its fiscal year 2024 results, reporting a net profit of SAR 1.5 billion (approximately RMB 2.905 billion), compared to a net loss of SAR 2.8 billion in 2023—marking a significant turnaround to profitability. SABIC’s portfolio of investment projects includes the China-Saudi Gulei Ethylene Project (SABIC Fujian Petrochemical Complex) in China, with a total investment of approximately RMB 44.8 billion (SAR 24 billion); the MTBE project in Saudi Arabia; a 40% capacity expansion at SK Nexlene’s plant in South Korea; and a newly built ULTEM™ resin production facility in Singapore, launched last year. INEOS On January 20, INEOS Group Holdings Limited announced its Q4 2024 financial results.

How did the United States become the world’s most powerful nation today?

2. The Morgan Financial Conglomerate: Centered on finance, it expanded via J.P. Morgan & Co. into industries such as steel and railroads, maintaining long-term economic dominance. Formed from the late 19th to early 20th century, it achieved economic control through financial monopolies. Its founder, J.P. Morgan, gradually expanded his influence through investment and credit operations, ultimately forming a monopoly conglomerate that controlled dozens of industry leaders—including U.S. Steel and General Motors. Financial Control The Morgan conglomerate dominated U.S. finance and once controlled one-third of the nation’s wealth. Its affiliated enterprises included industrial giants such as U.S. Steel and General Electric, and it held sway over critical sectors through credit and investment. Economic Influence By controlling foundational industries such as energy and transportation, the Morgan conglomerate indirectly shaped U.S. economic policy—for instance, collaborating with the government to advance infrastructure development and participating in drafting major legislation, including industrial policy support under the OBBBA Act. 3. The First Citibank Conglomerate: Leveraging Citibank’s capital, it rose rapidly in arms manufacturing and electronics, ranking among the top postwar conglomerates. Financial Clout As the world’s largest diversified financial services company, Citigroup operates an extensive global financial network spanning over 100 countries and regions, offering commercial banking, trust services, securities trading, consumer finance, and other diversified financial services. Data for Q2 2025 shows core business profits grew 8% above expectations, commercial lending increased by 5.2%, and corporate deposits rose 5% quarter-on-quarter—demonstrating formidable capital management capabilities. Industrial Penetration This conglomerate exerts deep influence across defense and civilian sectors: it controls arms-industry leaders such as Boeing and United Aircraft, as well as leading civilian firms like Atlantic Richfield Oil and Xerox Electronic Copiers. Its reach extends further into petrochemicals, electromechanical equipment, and food industries—establishing dual monopolistic advantages in both finance and industry. 4. The DuPont Conglomerate: A family-based trust rooted in chemical and arms manufacturing. Industry Standing: Founded in 1802, it is the only conglomerate among America’s top ten based on the chemical industry. Core Businesses: Encompasses high-performance materials (e.g., Kevlar® fiber), agricultural technology (Pioneer Seeds), and electronics. Capital Management: Introduced professional management in 1962; in 2024, it split its business into three independent publicly listed companies. DuPont Conglomerate Capital Scale 2022 Data: DuPont Company’s total assets stood at $45.7 billion, shareholders’ equity at $26.4 billion, and annual revenue at $17.16 billion. Recent Developments: Net profit for Q2 2025 reached $370 million, with earnings per share of $1.12—exceeding market expectations. Special Assets: Holds a 19.5% stake in General Motors and supplies 80% of U.S. military specialty materials. DuPont Conglomerate Activities in the Chinese Market Antitrust Investigation: Investigated by China’s State Administration for Market Regulation in April 2025; the investigation was suspended in July. Strategic Adjustment: Shifting focus of its electronic materials business to China’s Yangtze River Delta region, with plans to build a new semiconductor materials factory. Local Collaboration: Established a joint laboratory with Semiconductor Manufacturing International Corporation (SMIC), dedicated to research and development of advanced packaging materials.

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