ExxonMobil, BASF, and the global chemical industry are facing severe market challenges, including capacity cuts and downturn due to overcapacity.

1 report, 1 independent Updated Jul 6

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

ExxonMobil BASF

How it developed

Newest first. Tap a step to see who reported it.

Aug 12Agchem Exports declined due to soft demand, impacting the global agrochemical industry, which is seeing revenue contraction for PIHS.Sub-event
Jul 6Capacity cuts and market downturn due to overcapacity are impacting the chemical industry.1 source
- acs.org

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Part of

The chemical industry is seeing market maturity in Europe, with companies like BASF and ExxonMobil leveraging chemical expertise and distribution while focusing on eco-friendly formulations.

Also in this story

PPG Industries and Dow Inc. are reducing structural costs in Europe, highlighting their presence in the chemical sector.Jun 7

All 3 developments

The entities involved

ExxonMobil
American multinational oil and gas corporation
- ExxonMobil, Berkshire Hathaway, and Eli Lilly are top holdings in the Avantis ETF.Mon 17:18
- ExxonMobil will operate an unconventional hydrocarbon project in Azerbaijan, following an announcement by Rovshan Najaf.Mon 15:01
BASF
German chemical company with worldwide reach
- The chemical industry, including Bayer and BASF, is contending with competition from China while utilizing the Rhine as a vital link to global European markets.Sat 18:38
- BASF operates through its North American business unit.Thu 01:56

Coverage

Newest first; wire copies grouped

Jul 6acs.org