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46. Dow Chemical
Dow Chemical
Rank: 46 (Previous rank: 38)
CEO: Andrew N. Liveris
Compare tool: Dow Chemical vs. Top 10
The recession was especially cruel to demand in the chemical industry, already buckling under volatile prices and environmental concerns. Those conditions led CEO Andrew Liveris to offer $16.3 billion for the very profitable specialty chemical firm Rohm & Haas, but the deal stumbled in December 2008 when funding fell through. Liveris delayed, but Rohm sued, forcing Dow into more than $9 billion in practically-junk debt.

Dow unloaded Rohm's Morton Salt unit and the Styron plastics business, but survival also meant closing plants and slashing jobs, though the firm continues to invest in fuel, including replacing natural gas with ethanol to make plastics.--J.S.

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Key financials $ millions % change
from 2008
Revenues 44,945.0 -21.9
Profits 648.0 11.9
Assets 65,937.0
Stockholders' equity 20,555.0
Market value (3/26/2010) 34,577.8
Profits as % of  
Revenues 1.4
Assets 1.0
Stockholders' equity 3.2
Earnings per share  
2009 $ 0.32
% change from 2008 -48.4
1999-2009 annual growth rate % -16.6
Total return to investors %
2009 94.1
1999-2009 annual rate -0.8
Industry: Chemicals
Rank Company 500
rank
Revenues
($ millions)
1 Dow Chemical 46 44,945.0
2 DuPont 86 27,328.0
3 PPG Industries 190 12,239.0
4 Monsanto 197 11,740.0
5 Mosaic 231 10,298.0
6 Praxair 262 8,956.0
7 Air Products & Chemicals 273 8,381.4
8 Ashland 280 8,106.0
9 Huntsman 293 7,763.0
10 Sherwin-Williams 319 7,094.2
11 Avery Dennison 362 5,952.7
12 Ecolab 365 5,900.6
13 Celanese 414 5,082.0
14 Eastman Chemical 415 5,047.0
15 Lubrizol 453 4,586.3
Issue date: May 3, 2010.
Revenues: Includes revenues from discontinued operations.
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Headquarters
MAPS
Dow Chemical
2030 Dow Center
Midland, MI 48674
989-636-1000
www.dow.com
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Rank # of Fortune 500 Companies
California 57
Texas 57
New York 56
Company 2009 $ (millions)
Exxon Mobil $19,280.0
Microsoft $14,569.0
Wal-Mart Stores $14,335.0
FAQ and methodology
Included in the survey are U.S. incorporated companies filing financial statements with a government agency. This includes private companies... More
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