Global Top 50

BASF tops the ranking for the 12th year in a row, edging out DowDuPont.

RANK            
2017 2016a COMPANY CHEMICAL SALES ($ MILLIONS) CHANGE FROM 2015 CHEMICAL SALES AS % OF TOTAL SALES HEADQUARTERS CHEMICAL OPERATING PROFITSb($ MILLIONS) CHANGE FROM 2015 CHEMICAL OPERATING PROFITS AS % OF TOTAL OPERATING PROFIT OPERATING PROFIT MARGINc DENTIFIABLE CHEMICAL ASSETS ($ MILLIONS) CHEMICAL ASSETS AS % OF TOTAL ASSETS OPERATING RETURN ON CHEMICAL ASSETSd
11BASF$69,19511.8%95.0%Germany$8,45229.5%87.8%12.2%$75,49084.8%11.2%
22DowDuPonte,f62,48429.7100.0U.S.4,838-14.1100.07.7192,164100.02.5
33Sinopec55,32331.515.8China3,99330.837.77.223,4539.917.0
44SABIC37,6205.394.2Saudi Arabia6,3671.6101.616.973,41185.48.7
56Ineos34,63526.8100.0England4,52027.0100.013.0nanana
65Formosa Plasticsg32,11814.165.3Taiwan4,83144.666.115.045,63468.810.6
77ExxonMobil28,69410.112.1U.S.5,544-6.329.919.334,4969.916.1
88LyondellBasell Industries28,31915.082.1Netherlands5,9806.1100.321.1nanana
99Mitsubishi Chemical26,42212.679.5Japan2,67043.378.710.131,41374.98.5
1012LG Chem23,21724.8100.0South Korea2,59447.0100.011.222,179100.011.7
1111Air Liquide22,61713.398.4France2,1479.9102.29.542,31697.05.1
1220Reliance Industries17,55531.926.5India3,25563.038.818.519,02215.217.1
1310DuPonte,h17,281-25.5100.0U.S.2,706-25.0100.015.7nanana
1413Linde16,9380.687.6Germany2,426-3.194.314.3nanana
1515Toray Industries16,9038.885.9Japan1,4687.990.18.719,90486.17.4
1614AkzoNobele16,4712.7100.0Netherlands1,578-8.1100.09.618,282100.08.6
1717Evonik Industries16,29413.3100.0Germany1,8042.4100.011.122,532100.08.0
1819Covestro15,97718.8100.0Germany3,077116.1100.019.312,816100.024.0
1916Braskem15,4373.3100.0Brazil3,0711.9100.019.916,716100.018.4
2018PPG Industriese14,7503.4100.0U.S.2,063-12.4100.014.016,538100.012.5
2121Sumitomo Chemical14,57212.274.6Japan1,51788.464.710.417,60764.38.6
2224Lotte Chemical14,06020.0100.0South Korea2,59515.2100.018.517,316100.015.0
2326Shin-Etsu Chemicale12,85816.5100.0Japan3,00541.2100.023.425,944100.011.6
2422Solvay12,308-4.5100.0Belgium1,5363.0100.012.524,241100.06.3
2527Mitsui Chemicals11,8519.6100.0Japan9231.3100.07.812,882100.07.2
2628Praxair11,4378.6100.0U.S.2,4987.9100.021.820,436100.012.2
2723Yara11,347-3.5100.0Norway457-56.9100.04.015,632100.02.9
2834Lanxess10,92125.5100.0Germany75123.4100.06.911,748100.06.4
2925Bayer10,823-3.427.4Germany1,857-13.423.017.214,81117.512.5
3032DSM9,7559.0100.0Netherlands96528.4100.09.914,467100.06.7
3133Asahi Kasei9,70311.353.3Japan1,08844.353.611.211,88456.89.2
3231Eastman Chemical9,5496.0100.0U.S.1,5407.8100.016.115,999100.09.6
3336Arkema9,40910.5100.0France1,01428.9100.010.810,822100.09.4
3430Syngenta9,244-2.473.1Switzerlandnanananananana
3537Chevron Phillips Chemical9,0637.2100.0U.S.nananana16,767100.0na
3638Borealis8,5484.8100.0Austria884-16.3100.010.310,617100.08.3
3741Indorama8,44312.5100.0Thailand63547.4100.07.58,326100.07.6
3844SK Innovation8,27221.520.2South Korea1,22049.942.614.7nanana
3929Huntsman8,208-15.0100.0U.S.87644.6100.010.710,244100.08.6
4035Air Products & Chemicals8,188-4.3100.0U.S.1,661-10.9100.020.318,467100.09.0
4140Ecolabe8,0785.658.4U.S.1,0612.052.513.1nanana
42Westlake Chemical8,04158.4100.0U.S.1,341116.6100.016.712,076100.011.1
43Wanhua Chemical7,86276.5100.0China2,510200.1100.031.99,742100.025.8
4439Sasol7,743-1.959.7South Africa1,175-0.949.315.217,87860.56.6
4542Mosaic7,4093.4100.0U.S.5427.1100.07.318,633100.02.9
4647PTT Global Chemical7,38515.556.9Thailand95624.374.712.98,83168.910.8
4746Tosoh7,34010.7100.0Japan1,16517.4100.015.97,608100.015.3
4845DIC7,0425.1100.0Japan5044.2100.07.27,420100.06.8
4943Hanwha Chemicale6,858-0.570.9South Korea571-5.786.68.3nanana
5048Clariant6,4799.1100.0Switzerland399-7.7100.06.28,361100.04.8

Note: Some figures converted at 2016 average exchange rates of U.S. $1.00 = 3.4839 Brazilian reais, 0.7377 British pounds, 6.64 Chinese renminbi, 0.9032 euros, 67.16 Indian rupees, 108.66 Japanese yen, 1159.34 Korean won, 8.3936 Norwegian kroner, 3.75 Saudi riyals, 0.9848 Swiss francs, 32.226 new Taiwan dollars, and 35.264 Thai baht. a Prior year rankings are as they appeared in the July 25, 2016, issue of C&EN. b Operating profit is sales less administrative expenses and cost of sales. c Operating profit as a percentage of sales. d Chemical operating profit as a percentage of identifiable chemical assets. e C&EN estimates. f Sales include a significant amount of nonchemical products. na = not available.