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Global chemical producers' capex reduction share due to coronavirus impact 2020

The global chemical sector is likely to experience an extended downturn alongside low oil prices seen in the beginning of 2020. Energy company Shell, which also produces chemicals, has revised its 2020 capital expenditure allotment to be 20 percent lower than originally planned in light of the downturn of the global market in conjunction with low oil prices and the coronavirus crisis.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

Capital expenditure reduction of selected chemical producers worldwide in 2020 as a result of coronavirus impact

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Source

Release date

March 2020

Region

Worldwide

Survey time period

as of March 2020

Supplementary notes

Energy/fossil fuel companies also often produce petrochemicals and commodity chemicals, hence the inclusion of energy companies in this statistic.

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Statistics on "Coronavirus: impact on the chemical industry worldwide"

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