20 Companies! Chemical Giants’ 2024 Performance Summary!

As of March 1, global chemical giants have successively released their 2024 financial results—including BASF, Dow, Covestro, Arkema, DuPont, Huntsman, Lanxess, Celanese, Syensqo, Trinseo, INEOS, Honeywell, Clariant, Eastman, SABIC, Chemours, LyondellBasell, ExxonMobil, LG Chem, and Avient—totaling 20 companies. Given market conditions in 2024, several giants announced a series of cost-reduction measures. Specifically: BASF On February 28, BASF published its full-year 2024 results. Total sales amounted to €6.53 billion (approximately RMB 49.649 billion), down from €6.89 billion in 2023—a decrease of €360 million. EBITDA stood at €6.7 billion, down €500 million year-on-year (€7.2 billion in 2023); EBIT was €2.0 billion, down €206 million; net income reached €1.3 billion, compared to €225 million in 2023—significantly exceeding the prior year’s figure. By year-end 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 last year. Operating cash flow from continuing operations amounted to $2.9 billion, below $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 only 0.8% to €1.1 billion—meeting expectations; net profit was -€266 million (vs. -€198 million in the prior year); free operating cash flow stood at €89 million (vs. €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—stable year-on-year. Volumes increased 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 adhesive businesses, and expanding capacity in its Advanced Materials division—to serve attractive markets such as bio-based consumer goods, new energy, electrification, 3D printing, and sports.

Click Now! Latest Financial Reports from 50 Global Chemical Giants Released

Recently, major chemical enterprises—including BASF, Dow, and Wanhua Chemical—have successively released their third-quarter financial reports for this year. The reports indicate that sales performance across these firms remains generally positive; however, some companies have suffered profit pressure due to factors including global economic sluggishness and persistently high energy and raw material costs. Asia-Pacific Region Rongsheng Petrochemical reported Q3 revenue of RMB 77.491 billion, up 72.43% year-on-year; net profit attributable to shareholders was RMB 83.999 million, down 97.64% year-on-year. For the first three quarters, revenue totaled RMB 225.118 billion, up 74.03% year-on-year; net profit attributable to shareholders amounted to RMB 5.451 billion, down 46.15% year-on-year. Hengli Petrochemical reported Q3 revenue of RMB 51.202 billion, up 9.14% year-on-year; total revenue for the first three quarters reached RMB 170.357 billion, up 12.46% year-on-year. Net profit attributable to shareholders for the first three quarters was RMB 6.087 billion, down 52.12% year-on-year—including a Q3 net loss of RMB 1.939 billion. China National Chemical Engineering Co., Ltd. (CNCEC) reported Q3 revenue of RMB 45.255 billion, up 32.8% year-on-year; net profit attributable to shareholders was RMB 1.071 billion, up 10.9% year-on-year. For the first three quarters, revenue totaled RMB 120.053 billion, up 33.4% year-on-year; net profit attributable to shareholders amounted to RMB 3.720 billion, up 28.4% year-on-year. Hengyi Petrochemical reported Q3 revenue of RMB 43.512 billion, up 20.77% year-on-year; net profit attributable to shareholders was -RMB 496 million, down 159.91% year-on-year. For the first three quarters, revenue totaled RMB 123.316 billion, up 26.93% year-on-year; net profit attributable to shareholders amounted to RMB 1.317 billion, down 56.7% year-on-year. Wanhua Chemical reported Q3 revenue of RMB 41.302 billion, up 4.14% year-on-year; net profit was RMB 3.225 billion, down 46.35% year-on-year. For the first three quarters, revenue totaled RMB 130.420 billion, up 21.53% year-on-year; net profit amounted to RMB 13.608 billion, down 30.36% year-on-year. Sinochem International reported Q3 revenue of RMB 21.5 billion, up 10.56% year-on-year; net profit was RMB 315 million, up 21% year-on-year. For the first three quarters, revenue totaled RMB 65.939 billion, up 12.83% year-on-year; net profit amounted to RMB 1.29 billion, down 46.36% year-on-year. Yunnan Yuntianhua reported Q3 operating revenue of RMB 19.836 billion, up 18.77% year-on-year; net profit attributable to shareholders was RMB 1.665 billion, up 31.24% year-on-year. For the first three quarters, operating revenue totaled RMB 56.459 billion, up 18.53% year-on-year; net profit attributable to shareholders amounted to RMB 5.130 billion, up 80.63% year-on-year. Jiangsu Dongshenghong reported Q3 revenue of RMB 16.466 billion, up 17.14% year-on-year; net profit attributable to shareholders was -RMB 58.7978 million. For the first three quarters, revenue totaled RMB 46.708 billion, up 16.17% year-on-year; net profit attributable to shareholders amounted to RMB 1.577 billion, down 59.99% year-on-year.

Eastman Chemical Q2 2026 Earnings Preview — July 31, Street Expects $1.82 EPS

Jul 27, 2026

Eastman Chemical is set to report Q2 2026 earnings on July 31 with analysts forecasting $1.82 EPS and $2.40 billion revenue, signaling significant year-over-year growth and margin expansion.

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