Through Aug 11, 2011, twenty-five Big Chemical Corps, with Pretax Earnings above $100 mil each in either the 2Q 2011 or in the 2Q 2010, have released their 2Q 2011 earnings.
These 25 Big Chemical Corps, registered a total Pretax Earnings increase of a very robust 45% in the 2Q 2011.
And this nosebleed earnings increase in the 2Q 2011, is on top of 2010 annual total Pretax Earnings growth of these 25 Big Chemical Corps of more than double that growth, or up an incredible 95%.
Whew! The CEOs, Board of Directors and all of the employees of these Big Chemical Corps have to be elated with the Obama Administration for their creating a US economic environment in which their companies could flat out flourish in the past six quarters.
It is pretty obvious that the Obama Administration’s really good chemistry isn’t just with High Tech Corps, but with all Corps in all industries, and clearly including Big Chemical Corps.
And look how this good chemistry is spread all around the country. Just check out below all of the many states that these Big Chemical Corps are headquartered in.
Below here are these 2Q 2011 Pretax Earnings (PTI) of these 25 Big Chemical Corps, along with a comparison with the prior year's quarter amounts.
.............................................................................Obama
.............................................................................Admin
..............................................................................Bump
.............................................................................Increase
.................................................PTI........PTI........(Decrease)
....................................State......2Q.........2Q..................
.....................................HQs.....2011......2010....Amount....%
...................................................(millions of dollars)
DuPont(1).......................DE.....1,649....1,404.......245.....17%
Dow Chemical.................MI.....1,317......790.......527.....67%
LyondellBasell NV..........TX.....1,219.......371.......848....229%
Monsanto.......................MO.......970......535.......435.....81%
Mosaic...........................MN.......837.......528.......309.....59%
CF Industries(2)..............IL........815.......239.......576....241%
Praxair............................CT.......591.......518.........73.....14%
PPG Industries................PA.......500.......412.........88.....21%
Air Products&Chems(3)..PA.......430.......377.........53.....14%
Eastman Chemical..........TN........306.......214.........92.....43%
Lubrizol..........................OH.......294.......302.........(8)....-3%
Celanese..........................TX.......280.......224.........56.....25%
Sherwin Williams.............OH.......257.......259.........(2)....-1%
Ecolab.............................MN.......185.......189.........(4)....-2%
Scotts Miracle-Gro...........OH.......177.......269........(92)...-34%
Huntsman........................UT.......158.........93.........65.....70%
Sigma Aldrich..................MO.......158.......140.........18.....13%
FMC.................................PA.......147.......122.........25.....20%
Albemarle........................LA.......139.......100.........39.....39%
Rockwood Holdings..........NJ.......137.........63.........74....117%
Westlake Chemical............TX.......127.........91.........36.....40%
Avery Dennison................CA.......111.......126.........(15)...-12%
RPM Intl...........................OH.......108.........90.........18.....20%
Intl Flavors&Frags............NY.......105.........94.........11.....12%
Ashland(4)........................KY.........97.......113........(16)...-14%
Total all 25................................11,114....7,663.....3,451....45%
(1) DuPont 2011 PTI excludes Acquisition Transaction Cost. Its 2010 PTI excludes both Exchange Gain and Interest Credit on Tax Settlement.
(2) CF Industries 2010 PTI excludes Loss on Debt Extinguishment.
(3) Air Products & Chemicals 2010 PTI excludes Loss on Airgas Transaction.
(4) Ashland 2010 PTI excludes Gains on Acquisitions and Divestitures.
And below here are the annual 2010 Pretax Earnings (PTI) for these 25 Big Chemical Corps, along with a comparison with the prior year amounts.
..............................................................................Obama
..............................................................................Admin
...............................................................................Bump
..............................................................................Increase
..................................................PTI.........PTI.......(Decrease)
....................................State....Annual...Annual..................
.....................................HQs......2011.......2010....Amount....%
....................................................(millions of dollars)
DuPont...........................DE.......3,711.....2,184.....1,527....70%
Dow Chemical.................MI......2,802.......469.....2,333...497%
Praxair...........................CT.......1,964.....1,724.......240....14%
Monsanto.......................MO......1,566.....2,189......(623)..-28%
LyondellBasell NV...........TX......1,512....(1,322)...2,834...214%
Air Products.&.Chems.....PA......1,394.......837.......557....67%
PPG Industries................PA......1,295.......617.......678...110%
Mosaic............................MN......1,026......304.......722...238%
Lubrizol..........................OH......1,004.......726.......278....38%
Eastman Chemical...........TN.........751.......433.......318....73%
Ecolab............................MN.........748.......620.......128....21%
CF Industries...................IL.........688.......696.........(8)....-1%
Sherwin Williams.............OH........678.......623.........55......9%
Sigma Aldrich.................MO.........544.......490.........54....11%
Celanese.........................TX..........538.......251.......287...114%
Albemarle.......................LA.........430.......183.......247...135%
Ashland..........................KY.........392.......158.......234...148%
Intl Flavors.&.Frags........NY.........360......277.........83....30%
Avery Dennison..............CA.........351.........41.......310...756%
FMC................................PA.........351.......310.........41....13%
Westlake Chemical...........TX.........343........79.......264...334%
Scotts Miracle-Gro...........OH........338.......241.........97....40%
RPM Intl..........................OH........268.......181.........87....48%
Rockwood Holdings..........NJ........205........10.......195..1950%
Huntsman........................UT........203......(266).....469...176%
Total all 25..............................23,462...12,055..11,407....95%
