IHS Chemical Week
EARNINGS/FINANCE

Shell to curtail spending by $15 billion over next three years, chemical earnings slide on Moerdijk shutdowns

12:37 PM MST | January 29, 2015 | Francinia Protti-Alvarez

Royal Dutch Shell says that it is curtailing its group-wide investment by $15.0 billion over the next three years because of falling oil prices. Organic investment is expected to be lower in 2015 than last year, the company announced today with the release of...


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Stolt-Nielsen posts fourth-quarter profit decline, lower fuel costs to boost earnings this year

Stolt-Nielsen says its fourth-quarter 2014 net profit attributable to shareholders plunged to $13 million from $35 million in the corresponding quarter of 2013, on revenue of $532 million, up year-on-year (YOY) from $524 million. Stolt says that, excluding...

Air Products beats estimates with 17% earnings gain

Air Products raised the lower end of its guidance range for fiscal 2015 to $6.35-$6.55/share, up from the $6.30-$6.55/share range set in October....

OxyChem earnings up 25% YOY on PVC margins

OxyChem, the chemical segment of Occidental Petroleum, has reported pre-tax earnings for the fourth quarter of $160 million, up 25% year-on-year from $128 million. The company attributes the gain to higher margins for polyvinyl chloride (PVC), the result primarily of higher PVC pricing, and improved volumes for most product lines, partially offset by lower caustic soda pricing....

SGL Carbon expects 'substantial net loss' of about $284 million for 2014

SGL Carbon (Wiesbaden, Germany) has announced preliminary results for fiscal 2014, describing the year as “challenging.” Group Ebit “declined substantially” year-on-year, but the company also says that preliminary results indicate that...

Lanxess's earnings for fiscal 2014 to exceed expectations

Lanxess expects Ebitda pre-exceptionals to be higher than previously anticipated for fourth-quarter and fiscal 2014, the company says in a preliminary results announcement. Ebitda pre-exceptionals for fiscal 2014 is expected to increase to around €808.0...

Shin-Etsu reports rises in profits and sales

Shin-Etsu Chemical reports an 8.1% rise in net profits for the nine months ended 31 December 2014 compared with the year-ago period, to ¥100.0 billion ($844.3 million). Nine-month sales increased 6.6%, to ¥929.5 billion. Third-quarter figures have not...

Sherwin-Williams earnings rise, but miss estimates

Sherwin-Williams (SW) today reported fourth-quarter net income up 14.3% year-on-year (YOY), to $132.7 million, on sales up 4.6%, to $2.57 billion. Earnings totaled $1.37/share, slightly short of analysts’ consensus estimate of $1.38/share, as reported...

Givaudan reports solid performance in 2014

Flavors and fragrances firm Givaudan today said it performed solidly in 2014 in a challenging environment. Net income rose 15%, to 563.0 million Swiss francs ($617.0 million), in 2014 on sales 3.7% higher, at SF4.4 billion. Sales in the developing markets...

Wacker lifts fourth-quarter, full-year sales and earnings on strong demand and prices

Wacker Chemie announced today that its fourth-quarter Ebitda rose by 14%, to €180.0 million ($203.2 million), compared with the year before. Sales advanced by almost 10%, to €1.19 billion. Vigorous customer demand lifted sales...

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