Revenues as Reported
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
Total sales and other operating revenues exhibited a U-shaped trajectory over the five-year period. An initial contraction occurred between 2014 and 2016, with revenues falling from $45,608 million to a low of $29,183 million, followed by a recovery phase that brought totals to $39,004 million by the end of 2018.
- Refined Products and Olefins
- Refined products represented a primary source of volatility, dropping from $10,768 million in 2014 to $4,559 million in 2016 before rebounding to $8,221 million in 2018. Similarly, Olefins and co-products saw a sharp decline from $5,920 million in 2014 to $3,215 million in 2016, with subsequent recovery resulting in $3,679 million by 2018.
- Polymer Performance
- A divergence is observed between the two primary polymer streams. Polyethylene demonstrated relative stability, maintaining a range between $6,903 million and $8,825 million. In contrast, Polypropylene experienced a significant decline, falling from $9,598 million in 2014 to a low of $4,414 million in 2016, before recovering to $5,703 million in 2018.
- Emerging Revenue Streams
- The appearance of Compounding and solutions and Advanced polymers starting in 2016 indicates a shift in revenue composition. Compounding and solutions grew consistently from $1,910 million in 2016 to $3,091 million in 2018, while Advanced polymers grew from $692 million to $930 million over the same period.
- Intermediate and Specialty Chemicals
- Both Oxyfuels and related products and Intermediate chemicals followed the broader organizational trend of contraction followed by growth. Oxyfuels revenues declined from $3,813 million to $2,676 million before rising to $3,399 million, while Intermediate chemicals moved from $3,381 million to $2,483 million and then recovered to $3,416 million.
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