Why is BASF no longer prioritizing its position as the world's largest chemical company by revenue?

BASF's CEO Markus Kamieth stated that 'Size in itself is not a goal for us' and that the company will instead focus on creating value amid unprecedented industry upheavals and shifts, acknowledging that 'others will overtake us in terms of sheer size' while BASF aims to remain 'one of the most valuable companies in our industry.'

According to the news, what did BASF's CEO say about the economic viability of the green transition in Europe?

CEO Markus Kamieth said: 'The green transition is technically feasible. But making it economically viable is an incredibly challenging task,' specifically highlighting BASF's struggle to slash greenhouse gas emissions in Europe.

BASF to Focus on Creating Value as No. 1 Rank Slips

Jun 9, 2026

BASF CEO Markus Kamieth announced the company will prioritize value creation over defending its top global revenue rank amid industry upheavals. BASF faces challenges making the green transition economically viable while navigating shifting global industrial power dynamics.

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BASF to Focus on Creating Value as No. 1 Rank Slips

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