The global chemical sector is likely to experience an extended downturn alongside low oil prices seen in the beginning of 2020. Energy company Shell, which also produces chemicals, has revised its 2020 capital expenditure allotment to be 20 percent lower than originally planned in light of the downturn of the global market in conjunction with low oil prices and the coronavirus crisis.
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Capital expenditure reduction of selected chemical producers worldwide in 2020 as a result of coronavirus impact
(in percent)
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ICIS. (March 31, 2020). Capital expenditure reduction of selected chemical producers worldwide in 2020 as a result of coronavirus impact (in percent) [Graph]. In Statista. Retrieved November 13, 2024, from https://www.statista.com/statistics/1109114/global-chemical-producers-capex-decrease-share/
ICIS. "Capital expenditure reduction of selected chemical producers worldwide in 2020 as a result of coronavirus impact (in percent)." Chart. March 31, 2020. Statista. Accessed November 13, 2024. https://www.statista.com/statistics/1109114/global-chemical-producers-capex-decrease-share/
ICIS. (2020). Capital expenditure reduction of selected chemical producers worldwide in 2020 as a result of coronavirus impact (in percent). Statista. Statista Inc.. Accessed: November 13, 2024. https://www.statista.com/statistics/1109114/global-chemical-producers-capex-decrease-share/
ICIS. "Capital Expenditure Reduction of Selected Chemical Producers Worldwide in 2020 as a Result of Coronavirus Impact (in Percent)." Statista, Statista Inc., 31 Mar 2020, https://www.statista.com/statistics/1109114/global-chemical-producers-capex-decrease-share/
ICIS, Capital expenditure reduction of selected chemical producers worldwide in 2020 as a result of coronavirus impact (in percent) Statista, https://www.statista.com/statistics/1109114/global-chemical-producers-capex-decrease-share/ (last visited November 13, 2024)
Capital expenditure reduction of selected chemical producers worldwide in 2020 as a result of coronavirus impact (in percent) [Graph], ICIS, March 31, 2020. [Online]. Available: https://www.statista.com/statistics/1109114/global-chemical-producers-capex-decrease-share/
