what companies are in the basic industries field

11 months ago 43
Nature

Companies in the basic industries field provide raw materials for other companies to produce or manufacture goods. This is one of the largest industry sectors in the United States and plays an integral role in the global economy. Some of the companies in the basic industries field include:

  • BHP Group Limited
  • Chevron
  • Dow
  • DuPont de Nemours
  • Ecolab
  • International Paper
  • Masco Corporation
  • Newmont Mining Corporation
  • ExxonMobil Corporation
  • Proctor & Gamble
  • Cargill

These companies lead basic industries markets in areas like energy, chemical manufacturing, mining, and metals. Basic industries fields produce commodities like oil, steel, and chemicals, and companies in these fields often sell to manufacturers rather than consumers. According to the U.S. Bureau of Labor Statistics, in 2019 there were over 6 million American firms classified by the NAICS (North American Industry Classification System) as “basic industries” companies, and they employed over 136 million workers.