BASF's annual revenue 2000-2023

In 2023, BASF generated a revenue of around 68.9 billion euros. This represented a decrease of more than 20 percent in comparison to the previous year. BASF is the largest diversified chemical company in the world.

Revenue breakdown of BASF

Headquarted in Ludwigshafen, Germany, BASF is composed of twelve divisions that are grouped into the company's seven segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, Agricultural Solutions, and Other. These segments were newly structured in January 2019. The segment that generated the most revenue in 2023 was their Surface Technologies segment, at 16.2 billion euros. Their Materials segment generated the second highest amount of revenue that year, bringing in 14.1 billion euros. In terms of regional distribution, the region that generated the most revenue that year was Europe, accounting for a 38 percent share of their revenue. Following Europe was their North America region, which accounted for a 27 percent share of revenues that year.

Employees of BASF

In 2023, BASF had 111,991 employees, a slight decrease from the 122,404 employed in 2018. The majority of BASF's employees are based in Europe, accounting for more than 60 percent of the company's workforce in 2023. Nearly three quarters of the company's employees worldwide were men that year, sitting at 73.3 percent.