Combined Annual Report 2024

At a Glance

Five-year summary

In EUR mn (unless otherwise stated)

 

 

 

 

 

 

 

 

2024

2023

2022

2021

2020

Sales revenues

 

33,981

39,463

62,298

35,555

16,550

Operating Result

 

4,254

5,226

12,246

5,065

1,050

Profit before tax

 

4,235

4,604

10,765

4,870

875

Taxes on income

 

–2,211

–2,687

–5,590

–2,066

603

Net income

 

2,024

1,917

5,175

2,804

1,478

Net income attributable to stockholders of the parent

 

1,389

1,480

3,634

2,093

1,258

Clean CCS Operating Result1

 

5,141

6,024

11,175

5,961

1,686

Clean CCS net income1

 

2,814

3,421

5,807

3,710

1,026

Clean CCS net income attributable to stockholders of the parent1

 

2,090

2,593

4,394

2,866

679

 

 

 

 

 

 

 

Balance sheet total

 

48,813

50,663

56,863

53,798

49,271

Equity

 

24,617

25,369

26,628

21,996

19,899

Net debt

 

3,225

2,120

2,207

5,962

9,347

Average capital employed

 

27,560

27,720

29,431

29,366

21,555

 

 

 

 

 

 

 

Cash flow from operating activities excl. net working capital effects

 

5,308

4,638

9,843

8,897

2,786

Cash flow from operating activities

 

5,456

5,709

7,758

7,017

3,137

Capital expenditure

 

4,101

3,965

4,201

2,691

6,048

Organic capital expenditure2

 

3,710

3,748

3,711

2,650

1,884

Free cash flow

 

2,304

2,682

5,792

5,196

–2,811

Organic free cash flow3

 

1,986

2,272

4,891

4,536

1,273

 

 

 

 

 

 

 

Return On Average Capital Employed (ROACE)

in %

7

7

17

10

8

Clean CCS ROACE1

in %

10

12

19

13

5

Return On Equity (ROE)

in %

8

7

20

13

9

Equity ratio

in %

50

50

47

41

40

Leverage ratio

in %

12

8

8

21

32

 

 

 

 

 

 

 

Earnings Per Share (EPS)

in EUR

4.25

4.53

11.12

6.40

3.85

Clean CCS EPS1

in EUR

6.39

7.93

13.44

8.77

2.08

Cash flow per share4

in EUR

16.69

17.46

23.73

21.47

9.60

Dividend Per Share (DPS)5

in EUR

4.75

5.05

5.05

2.30

1.85

Payout ratio5

in %

112

112

45

36

48

 

 

 

 

 

 

 

Polyolefin sales volumes6

in mn t

6.27

5.69

5.66

5.93

5.95

Utilization rate steam crackers Europe6

in %

84

80

74

90

73

Fuels and other sales volumes Europe

in mn t

16.2

16.3

15.5

16.3

15.5

Utilization rate refineries Europe

in %

87

85

73

88

86

Production cost

in USD/boe

9.98

9.67

8.20

6.67

6.58

Total hydrocarbon production

in kboe/d

340

364

392

486

463

Employees as of December 31

 

23,557

20,592

22,308

22,434

25,291

Total Recordable Injury Rate (TRIR)

in mn hours worked

1.33

1.38

1.23

0.96

0.60

1

Adjusted for special items and CCS effects; further information can be found in Note 6 – Segment Reporting – of the Consolidated Financial Statements

2

Organic capital expenditure is defined as capital expenditure including capitalized exploration and appraisal expenditure excluding acquisitions and contingent considerations.

3

Organic free cash flow is cash flow from operating activities less cash flow from investing activities excluding disposals and material inorganic cash flow components (e.g., acquisitions)

4

Cash flow from operating activities, based on total weighted average outstanding shares

5

2024: as proposed by the Executive Board and the Supervisory Board, subject to adoption by the Annual General Meeting 2025. Includes regular and additional dividend.

6

As of 2021, the Downstream segment was split, and the Chemicals segment is reported separately. For comparison only, figures for the previous years are shown in the new structure.

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