Global petrochemical markets began 3Q23 reflecting lower levels of profitability compared to 1H23, and conditions appear more likely to worsen in 2H23 than improve from
US chemical sector equities markedly outperformed the market YTD. Specialties have notably underperformed the commodity sector, and we discuss why this trend could reverse in
The Shell 4Q22 business update, similar to the one from ExxonMobil, shows much weaker chemical than profit upstream but depicts significant integration benefits.