Company

Albemarle Corporation

Headquarters: Charlotte, NC, United States

Founded: 1994

Employees: 6,000

CEO: Mr. Jerry Kent Masters Jr.

NYSE: ALB -5.78%

Market Cap

$16.45 Billion

USD as of Jan. 1, 2024

Market Cap History

Albemarle Corporation market capitalization over time

Evolution of Albemarle Corporation market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

Market Cap History of Albemarle Corporation

Detailed Description

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, life sciences, pharmaceutical industry, and other markets. It also provides cesium products for the chemical and pharmaceutical industries; zirconium, barium, and titanium products for pyrotechnical applications that include airbag initiators; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Bromine segment offers bromine and bromine-based fire safety solutions; specialty chemicals, including elemental bromine, alkyl and inorganic bromides, brominated powdered activated carbon, and other bromine fine chemicals for use in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, water purification, beef and poultry processing, and other industrial applications; and other specialty chemicals, such as tertiary amines for surfactants, biocides, and disinfectants and sanitizers. The Catalysts segment provides hydroprocessing, isomerization, and akylation catalysts; fluidized catalytic cracking catalysts and additives; and organometallics and curatives. The company serves the energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, and crop protection markets. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.

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Stocks & Indices

Albemarle Corporation has the following listings and related stock indices.


Stock: NYSE: ALB wb_incandescent

Stock: BMV: ALB wb_incandescent

Stock: Bovespa: A1LB34 wb_incandescent

Stock: FSX: OU2 wb_incandescent

Product & Services

Lithium salts and metalsBromine and derivatives, including flame retardantsFluid catalytic cracking and HPC catalystsfine chemistry services

Key People

Kent Masters, President & CEO Scott A. Tozier, CFO

Financials

Revenue: $3.128 billion (2020)

Net income: $375 million (2020)


Total assets: $10.450 billion (2020)

Total equity: $4.268 billion (2020)

Details

Headquarters:

4250 Congress Street

Suite 900

Charlotte, NC 28209

United States

Phone: 980-299-5700

Fax: 980-299-5512