Global Top 50

With last year's number 1—DowDuPont—gone, BASF regains the top of the ranking with Sinopec close behind.

RANK            
2019 2018a COMPANY 2019 CHEMICAL SALES ($ MILLIONS) CHANGE FROM 2018 CHEMICAL SALES AS % OF TOTAL SALES HEADQUARTERS COUNTRY CHEMICAL OPERATING PROFITSb($ MILLIONS) CHANGE FROM 2018 CHEMICAL OPERATING PROFITS AS % OF TOTAL OPERATING PROFIT OPERATING PROFIT MARGINc IDENTIFIABLE CHEMICAL ASSETS ($ MILLIONS) CHEMICAL ASSETS AS % OF TOTAL ASSETS OPERATING RETURN ON CHEMICAL ASSETSd
11BASF$66,401-5.4%100.0%Germany$5,457-22.8%100.0%8.2%$97,336100.0%5.6%
22Sinopec61,596-7.014.7China2,402-36.119.23.925,46112.29.4
3Dow42,951-13.4100.0US3,520-35.8100.08.260,524100.05.8
44Sabic34,420-18.392.4Saudi Arabia4,277-55.1106.912.478,10094.35.5
56Ineos32,009-8.6100.0UK2,477-39.0100.07.7n/an/an/a
65Formosa Plasticsᵉ31,425-16.566.7Taiwann/an/an/an/an/an/an/a
77ExxonMobil Chemical27,416-15.510.7US955-77.14.93.536,92010.22.6
89Mitsubishi Chemical27,353-6.083.3Japan1,659-31.292.96.137,82680.44.4
98LyondellBasell Industries27,128-11.978.1US4,613-17.8105.317.0n/an/an/a
1021Linde plc25,42976.990.1UK4,89865.492.619.3n/an/an/a
1111LG Chem24,5541.6100.0South Korea768-60.1100.03.129,185100.02.6
1213Air Liquide24,1714.998.5France2,2600.3100.99.445,88997.44.9
1312PetroChina22,733-4.46.2China496-56.22.82.2n/an/an/a
14DuPont21,512-4.8100.0US2,78829.7100.013.069,396100.04.0
1510Reliance Industries20,640-15.622.0India3,630-20.644.017.618,59411.219.5
1615Toray Industries17,344-8.285.4Japan1,288-7.789.67.4n/an/an/a
1718Sumitomo Chemical15,231-6.576.3Japan569-52.545.23.719,03961.33.0
1816Evonik Industries14,674-12.8100.0Germany1,330-32.4100.09.124,654100.05.4
1920Shin-Etsu Chemicalᶠ14,158-3.2100.0Japan3,7240.6100.026.329,632100.012.6
2017Covestro13,895-15.1100.0Germany824-70.8100.05.912,894100.06.4
2119Braskem13,267-9.8100.0Brazil555-71.7100.04.217,274100.03.2
2222Lotte Chemical12,973-8.6100.0South Korea950-43.7100.07.317,193100.05.5
2324Yara12,858-0.5100.0Norway989146.0100.07.716,725100.05.9
2425Solvay12,568-0.6100.0Belgium1,488-2.2100.011.823,852100.06.2
2523Mitsui Chemicals12,282-9.7100.0Japan657-23.3100.05.413,576100.04.8
26Hengli Petrochemicalᵉ11,83967.881.2Chinan/an/an/an/an/an/an/a
2732Bayer11,48215.323.6Germanyn/an/an/an/an/an/an/a
2827Indorama11,3621.6100.0Thailand294-68.7100.02.612,260100.02.4
2929Syngenta10,5881.778.0Switzerland2,1998.897.120.8n/an/an/a
3030DSM10,086-2.8100.0Netherlands1,025-25.2100.010.215,049100.06.8
3128Asahi Kasei10,027-7.150.8Japan847-28.743.68.413,58653.06.2
3240Wanhua Chemical9,85112.3100.0China1,745-25.1100.017.714,022100.012.4
3333Arkema9,782-0.9100.0France984-11.3100.010.112,288100.08.0
3426Chevron Phillips Chemical9,333-17.5100.0USn/an/an/an/a16,868100.0n/a
3531Eastman Chemical9,273-8.6100.0US1,309-14.1100.014.116,008100.08.2
3635Borealis9,071-2.8100.0Austria67627.8100.07.511,327100.06.0
3739Air Products & Chemicals8,919-0.1100.0US2,12110.7100.023.818,943100.011.2
3834Mosaic8,906-7.1100.0US543-53.1100.06.119,299100.02.8
3938Ecolabᶠ8,904-0.759.2US1,2349.560.713.9n/an/an/a
4048Johnson Mattheyᶠ8,81921.847.4UK410-26.759.64.62,70357.015.2
4150Hanwha Solutionsᶠ8,56925.079.0South Korea34211.895.94.015,12977.72.3
4245Umicoreᶠ8,1966.641.9Belgium406-12.272.84.97,31093.05.6
4337SK Innovation8,186-10.719.1South Korea605-36.955.67.4n/an/an/a
4441Westlake Chemical8,118-6.0100.0US693-51.9100.08.513,261100.05.2
4546Sasol7,9957.756.7South Africa-586defdefdef21,63768.0def
4642Nutrien7,729-4.938.6Canada2,129-7.384.127.524,88553.28.6
4736PTT Global Chemical7,660-17.957.6Thailand195-81.873.22.69,82967.42.0
4843Lanxess7,614-5.5100.0Germany626-4.1100.08.29,734100.06.4
4944Tosoh7,211-8.8100.0Japan749-22.7100.010.48,132100.09.2
5047DIC7,050-4.6100.0Japan379-14.6100.05.47,366100.05.1

Note: Some figures converted at 2019 average exchange rates of US$1.00 = 3.944 Brazilian reais, 6.9081 Chinese renminbi, 0.8933 euros, 70.38 Indian rupees, 109.02 Japanese yen, 3.75 Saudi riyals, 14.4475 South African rand, 1165.8 South Korean won, 0.9937 Swiss francs, 30.906 New Taiwan dollars, and 31.042 Thai baht.
def means deficit.
n/a means not available.
a: Prior-year rankings have been revised from the July 29, 2019, issue of C&EN to reflect restated prior-year results and changes in exchange rates.
b: Sales less administrative expenses and cost of sales.
c: Chemical operating profit as a percentage of chemical 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.