Top 10 Companies in the Basic Industries Field

For those of you who don’t know what basic industries are, well, it is a field where the whole raw material supply and goods manufacturing happens. And you’ll be surprised to know that many companies you already know are some of the top ones in this basic industry field. We are talking about big names like Procter & Gamble, ExxonMobil, and Unilever for example. And if you are wondering “Well, what companies are in the basic industries field other than these known names?” then keep on reading today’s post. That’s because this is the topic we are going to dive deep into today, so yeah, come with us as we talk about not just the history, and financials of these companies, but what they are doing as of the current fiscal year, after all, that matters too when you are looking forward to investing in a particular company. Correct? By looking into these things, you can really tell whether or not a company is going to do better in the coming few years or not. By that, we mean that it would be much easier for you to take wise actions when it comes to investing in top companies, regardless of which field a company is operational in. So yeah, let’s get down to the list then, shall we?

1. Procter & Gamble

Procter & Gamble, that’s a big name for everyday stuff we use, started way back in 1837. William Procter and James Gamble, just two guys, made this company that’s now a giant in consumer goods. As of now, it’s all about soaps, candles, and a whole bunch of products for beauty, health, and even baby care. And in 2023, they did pretty awesome. Sales went up, and they even handled the tough times like inflation like champs. So, looking at 2024, investing in P&G sounds like a smart move. P&G is one of the very few companies in the world that are pretty great with money, and they know their way around the market.

2. PPG Industries

Next up on the list, we have PPG Industries, a company that started way, and we mean way back in 1883 as a glassmaker. What are they up to now though? Well, they are one of the biggest players in making paints and coatings in 70 countries around the world. 2023 was a good year for them. You can clearly tell by the number that they are doing great. No kidding though, just take their sales number for example, their sales hit $4.9 billion in the second quarter this year. So yeah, looking at 2024, PPG is a good choice if you’re thinking about where to put your money. Seeing what the company has been up to in 2023, is sure a good sight for the investors, and many of them are quite excited about the next fiscal year.

3. Chevron

So, Chevron’s been playing the energy game for quite a while now, haven’t they? It all came to existence when the foundation for Chevron was laid back in the late 19th century, to be more precise. Right now, like as of the 21st century, this company isn’t just a regular company anymore, nah, it is rather one of the top players in the integrated energy sector. They dig up oil and gas, and apart from that, Chevron is also into chemical manufacturing. You might be like “I know of many companies that are doing the same, so what’s different about Chevron?” Well, you see, the thing that makes Chevron unique, or rather better, is that it is still sticking to the old ways.

4. Cargill

Since 1865, these guys have been nailing it in the basic industries. But not just in one field though, they are doing well in agriculture, the food scene, and even finance, so yeah, it is safe to say that they’re one of the biggest basic industries companies in the USA right now. Since the establishment, they’ve been growing crazy, like for now, they’ve made it possible to do business on the land of more than 70 countries around the globe. In our opinion, if you wanna put your money somewhere to make it grow in the year 2024, well, Cargill seems like a good company to bet on.

5. ExxonMobil

ExxonMobil is like this one other big player in the oil and gas arena. Born from the merger of Exxon and Mobil in 1999, this company’s got its hands in a bit of everything like drilling, refining, chemicals, and even dipping its toes in green energy. Cut to 2023, and they’re ramping things up with a $24 billion investment, that’s a solid 9% increase from the previous year. They’re scoping out prime spots like the Permian Basin and Guyana, all with an eye on doubling their profit game by 2027. And hey, they’re not turning a blind eye to Mother Earth. They’ve pledged to cut their emissions intensity by a hefty 50% come 2030.

6. Unilever

And then there’s Unilever’s story, another saga that dates back to the 19th century, really taking off with a merger in 1930. Fast forward to the present, and what do you have? A behemoth in the consumer goods landscape. They’re everywhere, and we mean everywhere like Lipton, Dove, and Axe. Does that ring any bells? Unilever’s reach is massive, touching lives daily across the globe. As 2024 inches closer, Unilever is flashing its charm for investors. Why, you wonder? They’ve got a stellar lineup of brands and a commitment to being eco-friendly that’s hard to beat.

7. DuPont

Can you believe it, DuPont kicked off way back in 1802 as a humble gunpowder mill. E.I. du Pont was the brain behind it. Zooming through time to now, they’re spearheading the tech and innovation scene. Think about it, DuPont’s dipping its toes in everything from electronics to transportation. But yeah, they’ve had to mix things up lately. They’ve made some slick moves, like parting ways with certain business parts and scooping up Laird Performance Materials. After all, Staying on top in this rapid-fire world is the game, right?

8. Southern Copper

Southern Copper is for sure another big name that you might have already heard about in the news or via any other source, right? Like right now, they have their operations going on across the United States borders, like from Peru to Mexico. And that’s no small thing at all, given copper’s role in all the stuff we use daily. Now, about their stocks. There’ve been some highs and lows, with a bit of a slump in 2023. But they’re not losing sight of what’s important, always hunting for new mining spots and keeping their operations slick. With copper being crucial for stuff like electric vehicles, the road ahead seems pretty intriguing for them.

9. John Deere

If you have dipped into the farming sector at one point in your life, then you may already know how good of a company John Deere is. You’d be like “There is no doubt about it,” correct? Well, for this company, it all began with John Deere himself in 1837, flipping the farming world on its head with his revolutionary steel plow. Fast forward to today, and they’re kings in farming machinery like tractors, harvesters, and the works. But what about their See & Spray technology? Well, that’s a technology that is all about farming smarter and guzzling up fewer resources in the end. And that’s the reason why looking forward to 2024, John Deere seems like the right company to bet on.

10. Valero Energy

Rounding off our list, we’ve got Valero Energy. They revved up their engines in 1980 and have since become a heavyweight in refining petroleum and producing renewable fuels. Their story nods to history, named after the Alamo’s original moniker. Right now, Valero Energy is one of those companies out there that are working day in and day out to meet the higher energy demands of the world, but they’re not doing it the usual way, rather they are switching to a planet-friendly way. They’re seriously committed to renewable fuels and cutting-edge low-carbon technology. And hey, their renewable diesel? That’s a major leap towards cleaner energy.

Conclusion

That’ll do it for now. So yeah, keep these 10 companies in mind when you are searching for other good-performing companies in the basic industries field. That’s because these top 10 are practically setting the standards for how popular and good business can a company bring within this field. And it is always better to perform a thorough analysis on your own before investing in any company out there. Do that, and you’ll be pretty certain that you’ll be good for the most part.

Basic Industries Field Companies FAQs

Q. What types of companies operate in the basic industries sector?

Ans: Companies in the basic industries sector can vary widely but often include mining companies extracting minerals, oil, and gas; agricultural companies involved in farming and food production; forestry companies engaged in logging and timber production; and manufacturing companies producing basic materials like steel, cement, and chemicals.

Q. What are the key challenges faced by companies in the basic industries sector?

Ans: Challenges can include fluctuations in commodity prices, regulatory changes affecting resource extraction or production processes, environmental concerns related to mining or manufacturing activities, supply chain disruptions, and competition from global markets.

Q. How do basic industries companies contribute to the economy?

Ans: Basic industries companies play a crucial role in supplying raw materials and essential goods that support other sectors of the economy. They provide employment opportunities, contribute to GDP growth, and are often significant exporters, generating revenue from the sale of raw materials or manufactured goods.