Petrochemical companies have been riding high, but the trends that have underpinned that performance is shifting. Companies should reflect carefully on their strengths as they move into this new territory.
The impetus behind this strong performance has been the petrochemical industry’s ability to significantly increase earnings on a base of total revenues and invested capital that has grown more slowly, at a rate tracking close to global GDP growth.
This point of view suggests to drive productivity, control costs and become high-performing asset managers. TomorrowLab helps develop a broader perspective on the future of petrochemy and promotes new thought patterns.