BASF net worth in 2024 highlights its strong position in the global chemicals industry.
At $45.37 billion, BASF continues to expand through diverse revenue streams, especially in chemicals.
Ando Money brings you an in-depth look at the financial performance of BASF and the major sectors that fuel its growth. Let’s explore how this industry giant stays at the forefront of innovation.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | BASF |
| Full Name | Badische Anilin- und Soda-Fabrik |
| Website | basf.com |
| Industry | Chemicals |
| Traded As | BASF SE |
| ISIN | DE000BASF111 |
| Founded | 1865 |
| Founders | Friedrich Engelhorn |
| Country/Territory | Germany |
| Headquarters | Ludwigshafen, Germany |
| Chief Executive Officer | Dr. Markus Kamieth |
| Number of Employees | 111,422 (as of June 30, 2024) |
| Market Cap | $45.37 billion (October 2024) |
| Total Assets | €82.447 billion ($87.35 billion) |
| Total Equity | €36.721 billion ($38.92 billion) |
| Revenue | €33.664 billion ($35.64 billion) |
| Net Income | €1.797 billion ($1.90 billion) |
What is the Net Worth/Market Cap Of BASF in 2024?
As of October 2024, BASF has a market capitalization of $45.37 billion. This positions the company among the global leaders in the chemicals sector.
When comparing its net worth to other players in the industry, BASF stands strong. Companies like BASF continue to be major contributors to economic growth and innovation within the chemicals industry.
If you’re curious about the wealthiest companies around the world, you can explore more on this page.
Here are some related companies and partners:
- Wintershall Dea
- Vattenfall
- Bayer
- Dow
- Huntsman
- ExxonMobil
- Linde
- SABIC
- Evonik
- Shell
BASF Financial Performance Overview
Key Revenue Streams
BASF’s financial success is driven by several key business segments, with the Chemicals Segment leading the charge. This segment, consisting of Petrochemicals and Intermediates, accounts for a large portion of BASF’s revenue.
In H1 2024, the company generated €33.664 billion ($35.59 billion) in total revenue.
The Chemicals Segment alone contributed €5.603 billion ($5.92 billion), showcasing the significance of BASF’s diversified product lines and its global reach in key markets.
Contribution of the Chemicals Segment to Revenue
As mentioned, the Chemicals Segment plays a pivotal role in BASF’s overall performance.
In 2024, BASF saw a rise in volumes, particularly in Europe, though prices slightly dropped in areas like the Intermediates division.
The Petrochemicals division, responsible for products like acrylics and styrenics, saw notable growth.
This segment produced an EBITDA before special items of €896 million ($948.4 million), contributing significantly to BASF’s overall EBITDA of €4.218 billion ($4.46 billion).
Industrial Solutions’ Impact on Revenue
The Industrial Solutions Segment is another major contributor to BASF’s revenue, comprising Dispersions & Resins and Performance Chemicals.
BASF’s H1 2024 financials revealed that this segment generated €4.204 billion ($4.44 billion) in sales, benefiting from heightened demand and increased volumes.
Despite pricing challenges, EBITDA before special items reached €652 million ($689.8 million), marking an increase over 2023.
The Role of Surface Technologies in BASF’s Revenue
Surface Technologies, which includes Catalysts and Coatings, has experienced revenue fluctuations in 2024. This segment generated €6.583 billion ($6.96 billion) in revenue.
Lower precious metal prices impacted the Catalysts division, but slight price increases in the Coatings division helped offset some of these losses.
The EBITDA before special items stood at €722 million ($764.9 million), slightly down from €776 million ($822.1 million) in the prior year.
Agricultural Solutions and Its Financial Influence
The Agricultural Solutions segment saw some challenges in H1 2024, particularly in North America, where lower sales volumes in herbicides and fungicides impacted overall performance.
BASF generated €5.415 billion ($5.73 billion) in revenue from this segment, but lower sales and pricing pressures reduced the EBITDA to €1.496 billion ($1.58 billion), a significant decline from €1.824 billion ($1.93 billion) in 2023.
Materials Segment’s Contribution to Financials
The Materials Segment includes Monomers and Performance Materials, which saw mixed results in 2024.
BASF generated €6.857 billion ($7.25 billion) in sales, but pricing challenges and increased competition caused slight declines in revenue.
However, the EBITDA for this segment remained stable at €956 million ($1.01 billion), reflecting BASF’s ability to maintain profitability in competitive markets.
Nutrition & Care Division’s Role in Financial Performance
The Nutrition & Care Division saw significant growth in volumes, particularly in Care Chemicals. In 2024, BASF generated €3.396 billion ($3.59 billion) from this segment.
Despite pricing pressures, the EBITDA before special items increased to €445 million ($471.1 million), a considerable rise compared to €331 million ($350.4 million) in 2023.
This segment is essential for BASF’s long-term growth as it aligns with global trends towards sustainability and health.
Geographic Revenue Distribution and Regional Performance
Geographically, BASF’s revenue is distributed across Europe, North America, Asia Pacific, and South America.
In H1 2024, Europe remained BASF’s largest market, generating €14.107 billion ($14.92 billion) in revenue, followed by North America with €9.740 billion ($10.29 billion), and Asia Pacific with €7.895 billion ($8.35 billion).
These regions are crucial in shaping BASF’s financial health and reflect the company’s strong global presence.
Investment in Innovation and Research Impact on Growth
BASF’s commitment to research and development plays a crucial role in sustaining its financial growth.
In 2024, BASF invested €1.014 billion ($1.07 billion) in R&D.
Innovations like the world’s first electrically heated steam cracker at Ludwigshafen showcase BASF’s focus on reducing CO2 emissions and advancing sustainability.
Such investments are not only driving revenue today but also ensuring BASF’s competitiveness in the future.
FAQs about BASF
What are the key business segments of the company?
Its main business segments include Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions.
How many employees does BASF have in 2024?
As of June 2024, BASF has 111,422 employees globally.
Where is the company headquartered?
Its global headquarters are in Ludwigshafen, Germany, where many of its core operations are based.
What innovations are driving the company’s growth?
Its innovations in sustainable energy, particularly its partnership with Vattenfall in wind farm projects and the electrically heated steam cracker, are shaping its future growth.
How much does BASF invest in R&D?
In 2024, the company invested €1.014 billion ($1.07 billion) in research and development, focusing on innovations like renewable energy and sustainable products.
Conclusion
For readers interested in diving deeper into BASF’s financial landscape or other business insights, feel free to leave comments, share your thoughts, or explore more at Ando Money.
