Global oil and petrochemical companies posted strong financial results for the third quarter of 2021, marking a continuation of the recovery from the impact of the pandemic. After a sharp drop in economic activity the previous year, some companies' quarterly earnings have returned to pre-Covid-19 levels.

The companies detailed their strategies for climate change and gas neutralization, called zero glow, and highlighted their commitment to companies.

Chevron had the highest Q3 earnings from Q1 2013 of $6.1 billion. According to Mike Wirth, President and CEO of Chevron, higher earnings are largely due to improved market conditions, strong operating performance and a lower cost structure. U.S. downstream operations reported earnings of $1.08 billion in the third quarter of 2021, compared with $141 million in the same period a year ago, when international downstream operations reported $227 billion in earnings for the third quarter of 2021, compared to 151 million USD in the same period last year.

ExxonMobil saw quarterly earnings grow by $7.4 Billion from 2020, to $6.8 Billion due to improved requirements and strong operations. This is also a high number of the end of the last year 2017. According to the company, reliable operations coupled with strong demand as well as flexibility of sourcing and logistics across the full spectrum of claims resulted in quarterly earnings. $2.1 billion for the chemical division.

ExxonMobil's low-capital accumulation investments from 2022 to 2027 are projected to be around $15 billion. The company also announced that it is on track to reduce the intensity of its 2025 development by the end of 2021.

LyondellBasell announced third-quarter 2021 earnings of $1.8 billion, up from $114 million in the same period last year. EBITDA in the first third of company is $2.7 billion, representing a nearly six-fold increase year-on-year in 2020. According to Bob Patel, CEO of LyondellBasell, the third-quarter results reflect strong demand. force and tighten the condition field.

Patel says: “In September, we re-committed to addressing climate change as a whole by increasing our CO2 reduction targets in Scope 1 and 2 by at least 30% by 2020. 2030 from the 2020 baseline, and the sparkle that glows from our entire claim operation, I'm zero in 2050.”

SIBUR saw revenue growth across all three businesses, bringing total revenue up 11.2% QoQ to RUB 23.4 billion ($3.14 billion). The company adjusted profit of 72.5 Billion RUB ($1.02 Billion), up 15.4% from the previous quarter. Russia's largest active petrochemicals company said a recovery in global demand and a positive trend not lacking in supply direction were two of the main factors influencing quarterly earnings.

SIBUR also says it is taking active measures to reduce its own climate impact and adapt to climate change, using a range of decarbonisation tools. This company plans to reduce the amount of gas donated to greenhouse applications by 15% by 2025.

Repsol has the entry was used to be Adjustment of 3, to 623 million euros, the pre-pandemic excess. This thing for the family growing to be with 7 million euros was reported in the same year period. This is also a high end of the year 2018. The company's earnings for January-September 2021 were 1.93 billion euros, higher than the 1.46 billion euros reported in the same year of 2019, before the election. terrible COVID-19 negotiations.

Repsol highlighted guidance towards achieving decarbonization targets in their financial statements. Accordingly, the company is planning to achieve mid-carbon by 2050 and 35% of account investments made by Repsol between 2021 and 2025 are expected to be added to initiatives. lower growth architecture.

Shell announced adjusted earnings of $4.1 billion for the third quarter. This is up from $955 million a year ago and $5.5 billion for the second quarter of 2021. Although Shell's third-quarter earnings were lower than expected, this song the company said it generated cash flow. Celebrate records and maintain capital discipline throughout the quarter.

The Anglo-Dutch oil giant also announced a new goal of halving the absolute amount of gas from its operations by 2030. The company has also pledged to be a zero-carbon company by 2050. .

Thailand's SCGP announced sales revenue for the first nine months of this year of THB 89 billion (USD 2.67 billion), up 29%, with profit of THB 6.17 billion ($185 million), up 24% compared with the same year. The uptick in sales stemmed from higher demand and evenly favored packaged products across industries relative to weak appliance demand; including frozen food, canned food and fruit, ready-to-eat food, beverages, health products and household products, with the recovery of export markets in the US, Europe and other regions. Other areas also contribute to the growth of packaging use.

Italy's Eni moved from a loss of 153 million euros in the same period last year to an adjusted net profit of 1.43 billion euros. Quarterly profits are also up 54% from Q2 2021 and back to pre-COVID levels. The company's chemicals business, managed by Versalis, reported a strong improvement compared to 2020. Sales from chemicals increased by 78 million euros compared to the third quarter of 2020, largely due to the business. global economic recovery.

Eni recently launched the first Energy Treaty, pledging to take a leadership role on climate goals at the global level. The company plans to be carbon neutral by 2050.

TotalEnergies reported adjusted net income of $4.8 billion, up 38% from Q2 2021. The French company also generated adjusted EBITDA of $11.2 billion in Q3. Despite the impact of rising energy costs, the downstream division has taken advantage of high margins in petrochemicals and an improvement in refining margins in Europe.

PKN Orlen saw third-quarter revenue up 52% ​​year-on-year to PLN 36.4 billion ($9.12 billion) in Q3 2021, thanks to higher quotes for refining and petrochemical products due to higher prices. Crude oil edged higher and sales were higher. The Polish energy company's net profit rose to PLN 2.92 billion ($732 million) from PLN 677 million ($169 million) reported in the same period of 2020.

SABIC had Q3 revenue of SAR 43.7 billion ($11.6 billion), up 3% from the previous quarter. Meanwhile, net income in Q3 totaled 5.59 billion SAR ($1.49 billion), down 27% compared to Q2 2021. However, this was a sharp increase of about 412% compared to Q2 2021. same period last year. The major Saudi producer recorded a provision for impairment in certain capital assets amounting to SAR 1.18 billion ($314 million) in Q2 2021. Average selling price was higher. and an increased share of the results of joint ventures and associates contributed to this quarterly earnings.

SABIC recently announced its global strategy towards carbon neutrality at the inaugural Saudi Arabia Green Initiative (SGI), as part of its continued commitment to sustainability. SABIC aims to reduce greenhouse gas emissions worldwide by 20% by 2030 compared to 2018 and achieve carbon neutrality from operations under its control by 2050.

BASF's revenue increased by 5.85 billion euros from the previous quarter to 19.6 billion euros. The company said higher prices and strong volume growth in most segments contributed to quarterly revenue. Petrochemical sales were up 127% compared to the third quarter of 2020.

Dow had quarterly net sales of $14.8 billion, up 53% year-over-year and 7% quarter-over-quarter, with gains across all segments and operating regions. Net sales of Dow's packaging and specialty plastics business grew 69 percent year-on-year to $7.7 billion while domestic prices increased 63 percent year-on-year thanks to supply and demand dynamics. tight demand.

“Going forward, Dow is well positioned to grow earnings, cash flow and profits as we decarbonize our operations and achieve our goals,” said Jim Fitterling, Dow president and CEO. reduce our 2030 and 2050 carbon emissions.”

LG Chem had sales of 10.6 trillion KRW ($9.02 billion), up 41.4% year-on-year. Meanwhile, the Korean company's operating profit reached 726.6 billion KRW ($618 million), down 19.6 percent year-on-year. LG Chem's petrochemical business posted the highest quarterly revenue of 5.63 trillion KRW ($4.79 billion) thanks to strong demand in the third quarter.