20 companies! Chemical industry giants’ 2024 performance roundup!

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 amounted to €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 the acquisition of PIAM’s polyimide business, the acquisitions of Ashland’s and Dow’s adhesives businesses, and new capacity additions in its Advanced Materials division—targeting attractive markets such as bio-based consumer goods, new energy, electrification, 3D printing, and sports. DuPont On February 11, DuPont released its 2024 financial results: full-year net sales reached $12.4 billion (approximately RMB 90.63 billion), up 3% year-on-year; organic sales rose 1%, with a favorable business portfolio impact of 3%, partially offset by a 1% negative currency effect. Operating EBITDA stood at $3.14 billion, up 7% year-on-year—driven primarily by higher volumes, productivity gains, and savings from restructuring actions, partially offset by increased variable compensation. Notably, on January 15, DuPont announced it would no longer pursue the spin-off of its water solutions business, instead continuing to advance the planned spin-off of its electronics business. Celanese On February 18, global chemical and specialty materials company Celanese reported full-year 2024 net sales of $10.3 billion, down 6% year-on-year—mainly due to persistently weak global demand across key end markets including automotive, paints & coatings, construction, and industrial sectors, creating headwinds throughout the year. Full-year consolidated operating loss was $697 million; adjusted EBIT was $1.6 billion, down 6% year-on-year; operating EBITDA was $2.4 billion, with respective margins of (7)%, 16%, and 23%. Additionally, Celanese announced plans to cease production and shut down its Mylar specialty film manufacturing operation in Luxembourg—a 50/50 joint venture with Teijin—consistent with the company’s core principle of exiting high-cost facilities. Lanxess On January 20, Lanxess issued a preliminary earnings announcement, forecasting Q4 2024 EBITDA of approximately €159 million—22% above the current market consensus (VARA) of €130 million. Accordingly, full-year 2024 EBITDA before extraordinary items is expected to reach approximately €614 million—about 20% higher than the prior year and at the upper end of the previously guided 10–20% growth range. Q4 performance was primarily boosted by stronger-than-expected December sales, particularly driven by customer pre-purchasing. This early-sales effect occurred mainly in the U.S., targeting products from Lanxess’s Specialty Additives and Consumer Protection divisions. Huntsman On February 17, Huntsman Corporation released its 2024 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; adjusted net loss attributable to Huntsman was $43 million; and adjusted EBITDA was $71 million.

How did international petrochemical enterprises perform in 2024? What are the highlights of their earnings reports?

Financial Results of 17 International Petrochemical Enterprises in 2024 Recently, 17 international petrochemical enterprises—including BASF, Dow Inc., DuPont, Shell, and BP—have disclosed their full-year 2024 financial results or forecasts. The majority reported declining performance. Affected by falling oil prices and slowing demand growth, global oil & gas majors experienced particularly sharp profit declines: in 2024, the combined adjusted profits of the world’s five largest international oil companies—Shell, BP, Chevron, TotalEnergies, and ExxonMobil—totaled approximately $102.3 billion, down $20.4 billion—or about 17%—from the prior year. AkzoNobel In 2024, the company’s sales amounted to €10.711 billion, versus €10.668 billion in 2023; operating profit was €917 million, versus €1.029 billion in 2023; EBITDA was €1.478 billion, up 3% year-on-year; adjusted EBITDA margin was 13.8%; net cash generated from operating activities was €673 million, versus €1.126 billion in 2023; and the final dividend per share was €1.54, unchanged from 2023. BASF 2024 sales are projected at €65.3 billion, versus €68.9 billion in 2023; EBITDA is projected at €7.9 billion, versus €7.7 billion in 2023; EBIT is projected at €2.0 billion, versus €2.2 billion in 2023. BP 2024 adjusted net profit was $8.915 billion, down 35.6% year-on-year. Chevron 2024 adjusted net profit was $17.661 billion, down 17.35% year-on-year. Dow Inc. 2024 net sales were $43.0 billion, down 3.6% year-on-year; GAAP net income was $1.2 billion, up from $660 million in 2023; operating EBIT was $2.6 billion, down 7.1% year-on-year; cash flow from operating activities (continuing operations) was $2.9 billion, versus $5.2 billion in 2023. DuPont 2024 net sales reached $12.386 billion, up 3% year-on-year; operating EBITDA was $3.144 billion, up 7% year-on-year. Eastman 2024 sales were $9.382 billion, versus $9.210 billion in 2023; EBIT was $1.278 billion, versus $1.302 billion in 2023; adjusted EBIT was $1.298 billion, versus $1.097 billion in 2023; cash flow from operating activities was $1.287 billion, versus $1.374 billion in 2023. ExxonMobil 2024 profit was $33.68 billion, down 6.5% year-on-year. Honeywell 2024 sales totaled $38.498 billion, up 5% year-on-year; organic sales grew 3% (4% excluding the impact of the Bombardier agreement); segment profit rose 1% (6% excluding the Bombardier agreement); segment margin contracted by 90 basis points (20 basis points excluding the Bombardier agreement); earnings per share were $8.71, up 3% year-on-year; adjusted EPS rose 4% to $9.89.

Eastman Chemical's 4.5% Dividend Yield Supported by Recycling Facility Growth

Jun 25, 2026

Eastman Chemical offers a 4.56% dividend yield supported by 16 consecutive raises, while its Kingsport molecular recycling facility is expected to drive incremental earnings through 2026 despite elevated net debt.

24/7 Wall St.

2026-05-17

Allworth Financial LP Reduces Stake in Eastman Chemical Company

2026-05-19

Is Eastman Chemical Co (EMN) a Bargain After 3.9% Drop? GF Value Says Undervalued

2026-05-20

EMN Financials: Revenue Breakdown, Margins & Competitor Comparison

2026-06-17

Eastman Chemical Co (EMN) Institutional Confidence

2026-06-18

Eastman Chemical Co (EMN) Revenue Breakdown: Business Segments, Regional Revenue & Profit Contribution