Top 20 Global Chemical Companies by Revenue in 2025

DuPont announced its Q4 and full-year 2025 financial results. Q4 net sales totaled $1.693 billion, up slightly from $1.689 billion in the prior-year period. Net loss attributable to DuPont’s common shareholders for the quarter was $126 million, compared to a net loss of $117 million in the prior-year quarter. Full-year net sales amounted to $6.849 billion, up from $6.719 billion in 2024. Full-year net loss attributable to DuPont’s common shareholders was $779 million, reversing from net income of $703 million in 2024. DuPont has already completed the spin-off of its Electronics Materials business into an independent, publicly traded company named Qnity Electronics. Huntsman Corporation announced its Q4 and full-year 2025 financial results. Q4 revenue totaled $1.355 billion, down from $1.452 billion in the prior-year quarter. Net loss attributable to the company for the quarter was $96 million, improved from a net loss of $141 million in the prior-year quarter. Full-year revenue totaled $5.683 billion, down from $6.036 billion in 2024. Full-year net loss attributable to the company was $284 million, widening from a net loss of $189 million in 2024. Industrial Gases Linde plc announced its Q4 and full-year 2025 financial results. Q4 sales totaled $8.764 billion, up from $8.282 billion in the prior-year quarter. Operating profit for the quarter was $2.018 billion, down from $2.27 billion in the prior-year quarter. Net income for the quarter was $1.53 billion, down from $1.725 billion in the prior-year quarter. Full-year sales totaled $33.986 billion, up from $33.005 billion in 2024. Full-year operating profit was $8.923 billion, up from $8.635 billion in 2024. Full-year net income was $6.898 billion, up from $6.565 billion in 2024. Air Liquide announced its 2025 financial results. Total annual revenue was €26.94 billion (approximately $31.6 billion), down slightly from €27.058 billion in 2024. Group net profit attributable to shareholders was €3.518 billion, up from €3.306 billion in 2024. Air Products & Chemicals announced its first fiscal quarter results ended December 31, 2025. Quarterly sales totaled $3.103 billion, up from $2.932 billion in the prior-year quarter. Operating profit for the quarter was $735 million, up from $644 million in the prior-year quarter. Net income attributable to the company was $678 million, up from $617 million in the prior-year quarter. Crop Science Syngenta Group announced its Q4 and full-year 2025 financial results. Q4 group revenue totaled $7.6 billion, up from $7.5 billion in the prior-year quarter. Of this, Syngenta Crop Protection revenue was $3.9 billion, ADAMA revenue was $1.0 billion, Syngenta Seeds revenue was $1.6 billion, and Syngenta Group China revenue was $1.8 billion. Group EBITDA for the quarter was $900 million, down from $1.1 billion in the prior-year quarter. Full-year group revenue totaled $28.4 billion, down from $28.8 billion in 2024. Full-year group EBITDA was $4.4 billion, up from $3.9 billion in 2024. Of this, Syngenta Crop Protection revenue was $13.7 billion, ADAMA revenue was $4.1 billion, Syngenta Seeds revenue was $4.8 billion, and Syngenta Group China revenue was $8.3 billion.

Activist Investors Pressure Air Products to Nominate Two Independent Directors

Air Products & Chemicals is facing mounting pressure from activist hedge fund managers Mantle Ridge and D.E. Shaw, who have criticized the company’s underperforming stock, senior leadership, and capital allocation policies—and are urging a board overhaul to enhance management vitality and refocus on core operations. In October, activist investors Mantle Ridge and globally renowned hedge fund D.E. Shaw separately announced they had collectively acquired $1 billion worth of Air Products shares, calling on the company to cut costs, sharpen focus on core businesses, and pave the way for new leadership. A shared objective of both activist investors is to compel Air Products to establish a clear succession plan for its 80-year-old CEO, Seifi Ghasemi—one of the oldest CEOs among S&P 500 constituents. Earlier, Reuters cited informed sources reporting that two former Linde executives—Dennis Reilley and Eduardo Menezes—would join Mantle Ridge’s campaign to restructure Air Products’ management and board. D.E. Shaw has specifically targeted several of Air Products’ major transactions, noting that the company has launched multibillion-dollar hydrogen projects lacking “off-take agreements,” exposing them to significant risk. In another letter issued in September, D.E. Shaw asserted that Air Products’ clean hydrogen strategy has eroded approximately $15 billion in equity value from its core industrial gases business. Anticipating Governance Reform: Investment Banks Upgrade Air Products’ Stock Rating and Price Target Expecting activist investors to play a constructive role in advocating corporate governance reform and strategic realignment, investment banks have upgraded Air Products’ stock rating and price target. Mizuho Securities raised its price target to $360; Jefferies upgraded its rating to “Buy” with a $364 price target. Evercore ISI also upgraded its rating to “Outperform” and raised its price target to $365. BMO Capital maintained its “Outperform” rating with a $323 price target, while Citigroup raised its price target to $345. On the stock front, Air Products has underperformed the S&P 500 index for two consecutive years. However, its share price has strengthened recently following the entry of activist investors. As of Monday’s close (November 18), Air Products rose 3.4% to $327.89, with a market capitalization of $72.8 billion. Year-to-date, the stock is up 20%, still trailing the S&P 500’s同期 gain of 23.5%. 2024 Fiscal Year Net Income Soars: $1.2 Billion Gain from Asset Sale Air Products recently released its Q4 and full-year 2024 financial results, showing substantial growth—primarily driven by a $1.2 billion after-tax gain from the sale of its LNG business to Honeywell at the end of Q4. Under U.S. GAAP, Q4 earnings per share (EPS) were $8.81, representing a 186% year-on-year increase.

Air Products Schedules November 5 Fiscal Q4 Results Release

4 days ago

Air Products & Chemicals Inc will report its fiscal fourth-quarter results on November 5, 2026, and declared a quarterly dividend of USD 1.81 per share. Shares are trading at EUR 274.90 ahead of the announcement.

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Air Products Schedules November 5 Fiscal Q4 Results Release

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