The United States "Chemical Engineering and News" announced last week the results of the survey of the top 50 global chemical companies this year. The Dow Chemical Company, BASF, Germany and DuPont continued to occupy the top three. In 2004, Sinopec’s chemical sales revenue surged 22.4% to 16.73 billion U.S. dollars, ranking 4th to 9th.
According to the company's financial statement data in 2004, the sales of the top three chemical companies exceeded US$30 billion. Among them, Dow Chemical's sales revenue surged by 23.1% over the previous year to US$40.16 billion. BASF Chemicals Sales increased by 12.9% year-on-year to $38.19 billion, and DuPont's sales revenue dropped by 0.4% to $30.13 billion. The survey results show that the impact of the world's high oil prices and global economic integration on the sales revenue of chemical companies continues to increase. This year, the world's top 50 chemical company sales exceeded 5 billion US dollars, compared with 3.7 billion US dollars in the previous year.
In 2004, global chemical sales revenue increased, market demand was strong, and output increased. Several major super oil companies continued to expand their chemical business sales rapidly. The ranking of China's Shell Chemicals Inc. rose from 4th to 4th in the eighth quarter of the previous year. Sales revenue increased by 41.7% to US$29.49 billion. Exxon Mobil ranked fifth and its chemical sales revenue increased by 37. .6% reached US$27.78 billion; French Total Petroleum's chemical business sales increased 16.1% year-on-year to US$24.93 billion, ranking one to sixth. BP is still seventh, sales increased 31.9% to 21.21 billion US dollars; Bayer ranked eighth, Mitsubishi Chemical ranked tenth.
The survey results show that in 2004, the chemical company’s sales revenue increased at the same time as its profitability also increased significantly. According to statistics, the operating profit of chemical companies has decreased from the lowest point profit rate of 5.5% in 2003 to 8.1% in 2004 after falling for six consecutive years, which is close to the level in 2000.
According to the company's financial statement data in 2004, the sales of the top three chemical companies exceeded US$30 billion. Among them, Dow Chemical's sales revenue surged by 23.1% over the previous year to US$40.16 billion. BASF Chemicals Sales increased by 12.9% year-on-year to $38.19 billion, and DuPont's sales revenue dropped by 0.4% to $30.13 billion. The survey results show that the impact of the world's high oil prices and global economic integration on the sales revenue of chemical companies continues to increase. This year, the world's top 50 chemical company sales exceeded 5 billion US dollars, compared with 3.7 billion US dollars in the previous year.
In 2004, global chemical sales revenue increased, market demand was strong, and output increased. Several major super oil companies continued to expand their chemical business sales rapidly. The ranking of China's Shell Chemicals Inc. rose from 4th to 4th in the eighth quarter of the previous year. Sales revenue increased by 41.7% to US$29.49 billion. Exxon Mobil ranked fifth and its chemical sales revenue increased by 37. .6% reached US$27.78 billion; French Total Petroleum's chemical business sales increased 16.1% year-on-year to US$24.93 billion, ranking one to sixth. BP is still seventh, sales increased 31.9% to 21.21 billion US dollars; Bayer ranked eighth, Mitsubishi Chemical ranked tenth.
The survey results show that in 2004, the chemical company’s sales revenue increased at the same time as its profitability also increased significantly. According to statistics, the operating profit of chemical companies has decreased from the lowest point profit rate of 5.5% in 2003 to 8.1% in 2004 after falling for six consecutive years, which is close to the level in 2000.
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