By the year end of 2016, BASF made some 57.6 billion euros (or approximately 67.41 billion U.S. dollars) of revenue, making it the world’s largest chemical company based on revenue. Bayer, also a German chemical company, was ranked second, with approximately 53.93 billion U.S. dollars of revenue. Bayer is currently in the process of merging with the U.S.-based multinational agrochemical and biotechnology corporation Monsanto. Dow Chemical, the third largest chemical company based on revenue reported around 50.7 billion U.S. dollars of total revenue. On September 1, 2017, Dow Chemical and E. I. du Pont de Nemours and Company (commonly referred to simply as DuPont) completed a merger to create the new chemical company DowDuPont. LyondellBasell and Mitsubishi Chemical Holdings followed with 30.9 and 30.5 billion U.S. dollars, respectively.
When it comes to profits, BASF was the leader in the 2017 ranking of the leading global chemical companies, generating some 5.4 billion U.S. dollars of profit in 2016. In second place, Bayer generated 4.5 billion euros (or approximately 4.77 billion U.S. dollars). Third, the United States' Dow Chemical generated 4.67 billion U.S. dollars of profit. In fourth place, LyondellBasell reported around 3.6 billion U.S. dollars of profit. In last place of the five leading chemical companies, Mitsubishi Chemical Holdings Corporation generated 1.4 billion U.S. dollars.
The top five chemical companies are important employers, giving employment to more than 367 thousand people all over the world. In 2016, Bayer and BASF employed some 115 thousand and 114 thousand people, respectively, making them the largest employers in the chemical industry. In the same year, Dow Chemical employed some 56 thousand and LyondellBasell around 13 thousand people. Mitsubishi Chemical Holdings Corporation employed some 69 thousand people.