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Results: 550

September 12, 2024

BASF publishes its Responsible Sourcing Report

Ludwigshafen, September 12, 2024 – BASF today released the second edition of its Responsible Sourcing Report (RSR). The report documents the progress made in 2023 in the three pillars of sustainability – economy, environment and society – and is also an endorsement of BASF's commitment to sustainability, demonstrating the company’s dedication to supporting smallholder farmers and promoting sustainable practices.

September 3, 2024

Sale of E&P business of Wintershall Dea to Harbour Energy completed

Following the approval by all relevant authorities, Wintershall Dea’s exploration and production (E&P) business excluding Russia-related activities was transferred to Harbour Energy plc (Harbour) on September 3, 2024; it consists of producing and development assets as well as exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding Ravn) as well as Wintershall Dea’s carbon storage (CCS) licenses. In exchange, the shareholders of Wintershall Dea – BASF (72.7%) and LetterOne (27.3%) – received total cash consideration of $2.15 billion (BASF share: $1.56 billion) and new shares issued by Harbour equating to a total shareholding in the enlarged Harbour of 54.5% (BASF share: 39.6%). The agreed enterprise value for the Wintershall Dea assets amounts to $11.2 billion. This amount includes the outstanding bonds of Wintershall Dea with a nominal value of around $4.9 billion that were also transferred to Harbour at closing.

August 29, 2024

BASF drives forward structural adjustments at the Ludwigshafen site and closes production plants for adipic acid, CDon and CPon

BASF will end the production of adipic acid, cyclododecanone (CDon) and cyclopentanone (CPon) at the Ludwigshafen site. The production plant for CDon and CPon will be shut down in the first half of 2025 and the remaining adipic acid production in Ludwigshafen will be closed in the course of 2025. The company has taken this decision as part of the ongoing strategic review of its production setup at the Ludwigshafen site to ensure competitiveness under changing market conditions.

July 26, 2024

EBITDA before special items at level of prior-year quarter; outlook 2024 unchanged

“Overall, the development of EBITDA before special items in the second quarter of 2024 was in line with our expectations and the analyst consensus. We saw a continuation of the dynamics of the first quarter, marked by positive volume momentum across most of our businesses. There was still pressure on prices,” said Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE, when presenting the figures for the second quarter of 2024 together with Chief Financial Officer Dr. Dirk Elvermann.

July 18, 2024

Advance Notice: Half-Year Financial Report 2024 - Conference Call on July 26, 2024, at 10.00 a.m. (CEST)

We will publish BASF’s Half-Year Financial Report 2024 on July 26, 2024, at 7.00 a.m. (CEST). The results will be presented in a conference call that will be transmitted via the internet from 10.00 a.m. (CEST).