Through Nov 11, 2011, 20 Big Chemical Corps, with Pretax Earnings above $100 mil each in either the 3Q 2011 or in the 3Q 2010, have released their 3Q 2011 earnings.
These 20 Big Chemical Corps, registered a total Pretax Earnings increase of a very robust 47% in the 3Q 2011. This is a slight acceleration from the 46% earnings growth of these 20 Big Chemical Corps in the 2Q 2011.
And this nosebleed earnings increase in the 3Q 2011, is on top of 2010 annual total Pretax Earnings growth of these 20 Big Chemical Corps of more than double that growth, or up an incredible 117%.
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 7 quarters.
Below here are these 3Q 2011 Pretax Earnings (PTI) of these 20 Big Chemical Corps, along with a comparison with the prior year's quarter amounts.
.............................................................................Obama
.............................................................................Admin
..............................................................................Bump
.............................................................................Increase
.................................................PTI........PTI........(Decrease)
...............................................3Q.........3Q..................
.............................................2011......2010....Amount....%
...................................................(millions of dollars)
LyondellBasell NV 1,332 705 627 89%
Dow Chemical 1,089 711 378 53%
Mosaic 730 405 325 80%
Praxair 596 522 74 14%
DuPont 569 330 239 72%
CF Industries 551 79 472 597%
PPG Industries 462 386 76 20%
Air Products&Chems 452 372 80 22%
Sherwin Williams 260 255 5 2%
Eastman Chemical 238 244 (6) (2)%
Ecolab 226 230 (4) -2%
Celanese 201 191 10 5%
Sigma Aldrich 158 131 27 21%
Albemarle 152 116 36 31%
FMC 127 119 8 7%
Rockwood Holdings 122 57 65 114%
RPM Intl 119 108 11 10%
Intl Flavors&Frags 112 106 6 6%
Westlake Chemical 106 97 9 9%
Scotts Miracle-Gro (110) (53) (57) (108)%
Total all 20 7,492 5,111 2,381 47%
Monsanto is not included above, since it hasn't released its August 2011 Quarter earnings results yet. It is working on an accounting restatement related to the timing of its accounting for customer incentive programs.
