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Enlightenment: The success of global chemical giants
From China to the world
    

In terms of industries, China's chemical industry competitiveness ranked first in 2016, and it was ranked fifth in the world. For example, the Chinese companies in the complete list of the Fortune Global 500 in 2019, Sinopec, CNPC, and State Grid are among the top three Chinese companies on the list, reflecting that China's economy is still healthy under the background of weak global economic growth.
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So far, the achievements of Chinese chemical companies have been impressive. Looking at the world, what is the strength of the long-standing chemical giants?
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  • AIR LIQUIDE

  • ptt Asahi

  • Total

  • AkzoNobel

  • BASF

  • BAYER

  • BOC

  • BP

  • DIS

  • Dow

  • DUPONT

  • ExxonMobil

  • GE

  • HUNTSMAN

  • ICI

  • MITSUBISHI MOTORS

  • Mitsui Chemicals

  • PPG

  • SABIC

  • Shell

  • SUMITOMO CHEMICAL Co, Ltd.

BASF

BASF is the world's leading chemical company, a German chemical company, and the world's largest chemical company.
The BASF Group has more than 160 wholly-owned subsidiaries or joint ventures in 41 countries in Europe, Asia, and North and South America.
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BASF is the world's leading chemical company, providing customers with a series of high-performance products, including chemicals, plastics, specialty products, agricultural products, fine chemicals, crude oil and natural gas. Its unique combination is the company's advantage. It enables BASF to achieve a low-cost advantage, thereby ensuring a great competitive advantage.
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Sales in the fourth quarter of 2020 increased by 8% to 15.905 billion euros, which was mainly due to the increase in sales and prices. For the full year of 2020, sales fell by 167 million euros to 59.149 billion euros. The pre-interest and tax income excluding special items is expected to be 1.113 billion euros, an increase of 32% compared to the same period in 2019.
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Dow

The Dow Chemical Company of the United States is a leading global company. Dow has been listed on the Dow Jones Sustainability Index nine times and enjoys a high reputation in the world. It is known for its science and technology and provides innovative chemistry for major consumer markets. Products, plastics, agrochemical products and services.
The markets served by Dow Chemical Company, including food, transportation, health and medicine, personal and household care, construction and engineering, are all very important to the development of human life. China has become Dow’s second largest market.
Earnings per share for the fourth quarter of 2020 were US$1.65; operating earnings per share were US$0.81. Net sales were 10.7 billion U.S. dollars, an increase of 5% over the same period last year. In 2020, free cash flow is 5 billion US dollars, an increase of 1.2 billion US dollars over 2019. The cash flow conversion rate for the fourth quarter of 2020 was 93% and for the full year was 112%, a year-on-year increase of 30%.
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ExxonMobil

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Exxon Mobil Corporation is the world's largest non-governmental oil and gas producer, headquartered in Irvine, Texas, USA. It has production facilities and sales of products around the world, and is engaged in oil and gas exploration business on six continents; it has a leading position in the industry in many aspects of energy and petrochemical fields.
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The predecessors of Exxon Mobil Corporation were Exxon and Mobil, and they were merged and reorganized on November 30, 1999. The company is also the parent company of Exxon, Mobil and Esso's global subsidiaries. In addition, ExxonMobil, Shell, BP (British Petroleum) and Total are the world's four largest crude oil companies.
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Exxon Corporation and Mobil Corporation announced the merger of Exxon Mobil Corporation on December 1, 1998. The new company has its own proprietary technologies in the following areas: deepwater and Arctic operations, heavy oil processing, synthetic liquid fuels, liquid natural gas, high-strength steel, refining and chemical catalysts
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The fourth quarter of 2020 has a net loss of US$20.07 billion and a full-year net loss of US$22.44 billion. This is the first time the company has recorded a full-year loss in at least 40 years. In the fourth quarter of 2020, total revenue was US$46.54 billion, a year-on-year decrease of 30.7%; the net loss attributable to the company was US$20.07 billion, and the loss was largely attributable to asset impairment. The financial report shows that the company's total revenue in 2020 is 181.502 billion U.S. dollars, a year-on-year decrease of 31.5%
  • SABIC

  • Business Layout

  • SABIC was established in 1976 to realize the value of Saudi Arabia's natural hydrocarbon resources. Sabic ranks among the world's leading petrochemical companies in terms of sales volume and product diversity. The company is headquartered in Riyadh, the capital of Saudi Arabia, and is one of the largest non-oil industry companies in the Middle East.
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  • The company's various departments and the Shared Services Department provide support to the Strategic Business Department. Strategic business units include basic chemicals strategic business, intermediates strategic business, polyolefin strategic business, polyvinyl chloride and polyester strategic business, fertilizer strategic business and metal strategic business.
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In the fourth quarter of 2020, total sales were 32.85 billion riyals ($8.76 billion) and net income was 2.22 billion rials ($592 million), an increase of 104% from the previous quarter. The full-year profit for 2020 is 40 million riyals (10.67 million U.S. dollars). SABIC's 2020 annual revenue was 116.96 billion riyals (31.19 billion U.S. dollars) and 135.4 billion riyals (36.1 billion U.S. dollars) in 2019.

The Advancement of German Chemical Industry


  • Perfect laws and regulations

  • Fully market-oriented

  • Good corporate culture system

  • Invest in the future of employees

  • Craftsmanship

  • High status of small and medium chemical companies

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