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13 Chinese companies shortlisted in the top global chemical "club"

 Last Update: 2021-10-10
 Source: Internet
 Author: User

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Recently, the US "Chemical Weekly" released the latest "Global Chemical Companies Billion Dollar Club" rankings
.

In terms of sales revenue in 2020, BASF continues to top the list, Sinopec still ranks second, and Dow Chemical ranks third

German chemical giant BASF ranked first in the billion-dollar club rankings for the 10th time in 13 years
.

The fourth and fifth places are Formosa Plastics and Exxon Mobil, which have swapped positions with last year's ranking

This year’s billion-dollar club ranking threshold is 2.

8 billion U.
S.
dollars.

In terms of national distribution, the United States has 28 companies, ranking first; Japan has 16 companies, ranking second; China has 13 companies, ranking third; Germany has 9 companies, ranking fourth
.

Due to the decline in demand caused by the global new crown pneumonia epidemic and economic stagnation, the income of global chemical companies will generally decline in 2020
.

Among the billion-dollar clubs this year, 78 companies saw revenue decline, and only 22 companies increased revenue

In 2020, only BASF and Sinopec have sales revenue exceeding US$50 billion; there are 5 companies with a value of US$30-40 billion, namely Dow Chemical, Formosa Plastics, ExxonMobil, Ineos, and ChemChina
.

There are 9 companies with 20 to 30 billion U.
S.

　　The Chemical Weekly Billion Dollar Club is an annual ranking of the world's top chemical manufacturers that publicly disclose their revenue
.

Due to differences in data collection, etc.
, it may not be completely consistent with the billion-dollar club rankings of the previous year

　　The exchange rate for the ranking is based on the exchange rate at the end of each company's respective financial year
.

For example, the exchange rate for the fiscal year ending December 31, 2020 is 1 U.
S.

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