Issue 4/2020 - Chemical giants at a glance

DowDuPont's net profit attributable to ordinary shareholders in the fourth quarter of 2019 was $179 million, down 62.
32% year-on-year, and operating income was $21.
512 billion, down 74.
11%
year-on-year.
The net profit attributable to ordinary shareholders in fiscal 2019 was -552 million US dollars, a year-on-year decrease of 114.
36%, and the operating income was 21.
512 billion US dollars, a year-on-year decrease of 74.
98%.



ExxonMobil In the fourth quarter of 2019, ExxonMobil's operating income was $67.
173 billion, down 6.
57% year-on-year; 2019 annual revenue of 264.
938 billion US dollars, a year-on-year decrease of 8.
71%; The net profit was 14.
34 billion US dollars, a year-on-year decrease of 31.
19%.



Shell's revenue in the fourth quarter of 2019 was $84.
006 billion, down 17.
82% year-on-year; Net income was US$965 million, down 83%
year-over-year.
Total revenue for the full year of 2019 was US$344.
877 billion, down 11.
2% year-on-year; Net profit was US$15.
845 billion, down 32%
year-on-year.


Total reported net profit of $2.
649 billion in the fourth quarter of 2019, compared to $1.
18 billion
for the same period in 2018.
The net profit for FY2019 was US$11.
267 billion (US$11.
446 billion in 2018), and the operating income in 2019 was US$176.
249 billion, a slight decrease
of 4.
27% from US$184.
106 billion in 2018.


AkzoNobel's net sales for the fourth quarter of 2019 were €2,242 million, down 3% year-on-year (constant currency translation); Operating income was 173 million euros, up 154 percent
year-on-year.
Net sales for the full year 2019 were essentially flat at €9,276 million, operating income increased 39% year-on-year to €841 million, and adjusted operating income increased 24% year-on-year to €
991 million, driven by pricing initiatives and cost savings.


Corning reported GAAP sales of $2.
82 billion and core sales of $2.
85 billion for the fourth quarter of 2019, and GAAP sales of $11.
5 billion and core sales of $11.
7 billion
for the full year.
Three businesses in the company's strong business portfolio grew and mitigated the impact of market instability on other businesses, resulting in full-year sales growth of 2 percent
.
By 2023, Corning expects to achieve a compound annual growth rate
of 6%~8% in sales.


Clariant's sales from continuing operations increased by 3 % in 2019 to CHF
4,399 million in local currency.
EBITDA from continuing operations remained unchanged at CHF 740 million, corresponding to a margin of 16.
8 percent
.
Compared to 2018, the overall net amount decreased from CHF 356 million to CHF
38 million.


Honeywell achieved sales of $9.
496 billion
in the fourth quarter of 2019.
For the full year of 2019, sales were US$36.
709 billion, up 5%
year-on-year.
It is expected that the company will continue to maintain growth in 2020, with sales of 36.
7 billion ~ 37.
8 billion US dollars
.


PPG reported net sales of approximately $3.
7 billion in the fourth quarter of 2019, up approximately 1% year-over-year.
Net income from continuing operations was $295 million and adjusted net income was $313 million
.
Net sales from continuing operations for the full year 2019 decreased 1.
5% year-over-year to approximately US$15.
1 billion.
Net profit of USD 1.
2 billion
.


Celanese reported 2019 GAAP diluted earnings per share of $6.
89 and adjusted earnings per share of $
9.
53.
Net sales for the full year 2019 were $6.
3 billion.



Eastman Eastman reported sales revenue of $2,205 million, EBIT of $62 million and adjusted EBITDA of $279 million for the fourth quarter of 2019, and full-year 2019 Eastman sales revenue of $9,273 million, EBIT of $1.
12 billion and adjusted EBIT of $1,389 million
.
The company is expected to continue its slow growth in 2020, at a similar
pace to 2019.