Refining & Petrochemicals Middle East delves below the corporate strategy to understand what really makes the industry's leaders tick

摘要

The Middle Eastern petrochemical industry's road to new value growth The petrochemical industry's patterns of value creation have traditionally hinged on dated models in a bid to maximise Total Shareholder Return(TSR).As a result,TSR of the industry has slumped over the last decade.Despite having recovered ll places(ranked in terms of TSR)from #28 in 2017 to #17 in 2018,large global chemical firms were previously ranked as the fourth most value-creating companies in 2009.However,individual firm performance within the industry differs significantly,with high-performing large chemical companies achieving up to 45% TSR and others showing negative results.Analysis of the past years and best-in-class performers clearly highlights the fact that industry fundamentals remain important.Value is determined by profitable growth,a focused portfolio,and continued investments in capability building across the value chain.