Issue 22, 2022 - Chemical giant's Q3 results at a glance

BP lost US$2.
163 billion (approximately RMB15.
8 billion) in the third quarter, down 123% from the previous quarter, compared with a loss of US$2.
544 billion in the same period last year; operating cash flow was US$8.
3 billion; share repurchases of US$2.
9 billion were completed; and net debt declined for the tenth consecutive quarter, reaching US$22 billion
at the end of the third quarter.

Chevron reported third-quarter revenue of $66.
644 billion, up 49.
1% year-over-year; Net income was US$11.
23 billion, up 83.
8% year-on-year and down approximately 3.
4% sequentially; Operating cash flow increased to $15.
3 billion.

Eastman Third-quarter sales revenue of $2.
709 billion, excluding rubber additives and adhesive resin product line divestitures and foreign currency exchange rates, third-quarter revenue increased 13% year-over-year; EBIT was $324 million, adjusted EBIT was $333 million, net cash flow from operating activities was $256 million, and selling prices were double-digit increases across businesses, consisting of 16% in specialty materials sales, 16% in additives and functional materials, 14% in chemical intermediates and 16% in fibers
.

Eni reported adjusted net income of 3.
73 billion euros ($3.
72 billion) in the third quarter, up 161 percent, compared with analysts' average estimates of 3.
21 billion euros, down from 3.
81 billion euros
in the previous quarter.

ExxonMobil's third-quarter net income reached a record $19.
66 billion, up 191.
3% year-over-year and more than 10% sequentially; Operating income was US$112.
07 billion, a year-on-year increase of 51.
9%.

Honeywell third-quarter sales rose 6% to $8.
951 billion; organic sales increased 9%; Operating margin increased 90 basis points to 19.
5%, up 110 basis points after excluding the year-over-year impact of Quantinuum Quantum Computing.
Earnings per share were $2.
28, up 27% year-over-year; Adjusted earnings per share were $2.
25, up 11% year-over-year and 5 cents above the company's guidance limit.
Operating cash flow was $2.
1 billion, up 86% year-over-year, and operating cash flow margin was 23.
3%; Free cash flow was $1.
9 billion, up 108% year-over-year, and free cash flow margin was 21.
2%.

LG Chem's sales in the third quarter were KRW 14.
1777 trillion, up 33.
8% year-over-year and 15.
8% sequentially.
Operating income was KRW 901.
2 billion, up 23.
9% year-over-year and 2.
6%
sequentially.
Among them, sales in the petrochemical field were 5.
4931 trillion won and operating profit was 92.
6 billion won; advanced materials sales were 2.
5822 trillion won and operating profit was 415.
8 billion won; life sciences sales were 225.
2 billion won and operating profit was 5.
8 billion won; LG Energy Solution sales were 7.
6482 trillion won and operating profit was 521.
9 billion won; Farm Hannong sales were 156.
6 billion won.
Operating profit was KRW 3.
4 billion
.

SABIC reported sales of SAR 46.
87 billion ($12.
5 billion) in the third quarter, down 16% sequentially and up 7% year-over-year.
Net income for the third quarter was SAR 1.
84 billion ($490 million).

Saudi Aramco's revenue in the third quarter reached US$144.
99 billion (about 1.
06 trillion yuan), an increase of 51.
4% year-on-year; Net profit reached US$42.
4 billion (approximately RMB308.
8 billion), an increase of 39.
4% year-on-year and a decrease of approximately 12.
4% sequentially.
Free cash flow soared to a record $45 billion, compared to $28.
7 billion in the same period last year.

Shell's adjusted profit for the third quarter was $9.
45 billion, more than double the $4.
13 billion in the year-ago quarter, adjusted EBITDA was $21.
51 billion, compared to $13.
46 billion, and net income attributable to shareholders was $6.
74 billion, compared to a loss of $
447 million.

Solvay Net sales of €3,609 million in the third quarter increased organically by 29.
5%; Basic EBITDA of €917 million, organic growth of 29.
5 percent; Free cash flow of €452 million, up 63.
8% year-on-year; Return on Started Capital (ROCE) was 15.
4%, up 4.
8 percentage points year-on-year, EBITDA was 25.
4%, up 2.
1 percentage points, and underlying profit was €509 million, up 86.
7%
year-on-year.