Combined Annual Report 2024

Financial Review of the Year

Key financials

In EUR mn (unless otherwise stated)

 

 

 

 

 

 

2024

2023

Δ

Sales revenues

 

33,981

39,463

–14%

Clean CCS Operating Result1

 

5,141

6,024

–15%

Clean Operating Result Chemicals1

 

459

94

n.m.

Clean CCS Operating Result Fuels & Feedstock1

 

927

1,651

–44%

Clean Operating Result Energy1

 

3,810

4,357

–13%

Clean Operating Result Corporate & Other1

 

–73

–51

–43%

Consolidation: elimination of inter-segmental profits

 

19

–27

n.m.

Clean CCS Group tax rate

in %

45

43

2

Clean CCS net income1

 

2,814

3,421

–18%

Clean CCS net income attributable to stockholders of the parent1,2

 

2,090

2,593

–19%

Clean CCS EPS1

in EUR

6.39

7.93

–19%

 

 

 

 

 

Special items3

 

–764

–668

–14%

thereof Chemicals

 

–55

–214

74%

thereof Fuels & Feedstock

 

–98

146

n.m.

thereof Energy

 

–605

–586

–3%

thereof Corporate & Other

 

–6

–14

54%

CCS effects: inventory holding gains (+)/losses (−)

 

–123

–130

6%

Operating Result Group

 

4,254

5,226

–19%

Operating Result Chemicals

 

404

–120

n.m.

Operating Result Fuels & Feedstock

 

709

1,671

–58%

Operating Result Energy

 

3,205

3,771

–15%

Operating Result Corporate & Other

 

–80

–65

–22%

Consolidation: elimination of inter-segmental profits

 

16

–31

n.m.

Net financial result

 

–19

–70

72%

Group tax rate

in %

52

58

–6

Net income

 

2,024

1,917

6%

Net income attributable to stockholders of the parent2

 

1,389

1,480

–6%

Earnings Per Share (EPS)

in EUR

4.25

4.53

–6%

 

 

 

 

 

Cash flow from operating activities

 

5,456

5,709

–4%

Free cash flow before dividends

 

2,304

2,682

–14%

Free cash flow after dividends

 

–158

349

n.m.

Organic free cash flow before dividends

 

1,986

2,272

–13%

Organic free cash flow after dividends

 

–475

–61

n.m.

 

 

 

 

 

Leverage ratio

in %

12

8

4

Capital expenditure4

 

4,101

3,965

3%

Organic capital expenditure5

 

3,710

3,748

–1%

Clean CCS ROACE

in %

10

12

–2

ROACE

in %

7

7

0

1

Adjusted for special items and CCS effects; further information can be found in Note 6 – Segment Reporting – of the Notes to the Consolidated Financial Statements

2

After deducting net income attributable to hybrid capital owners and net income attributable to non-controlling interests

3

The disclosure of special items is considered appropriate in order to facilitate the analysis of the ordinary business performance. To reflect comparable figures, certain items affecting the result are added back or deducted. Special items from equity-accounted companies and temporary hedging effects for material transactions are included.

4

Capital expenditure including acquisitions

5

Organic capital expenditure is defined as capital expenditure including capitalized exploration and appraisal expenditure and excluding acquisitions and contingent considerations.

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