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BASF CFO Faces Wild Swings in Energy Prices as Company Looks to Budget for 2023

BASF CFO Faces Wild Swings in Energy Prices as Company Looks to Budget for 2023

BASF saw its energy costs jump €800 million, equivalent to about $785 million, to €1.1 billion in the second quarter compared with the same time last year, an indicator of the chemicals producer’s struggles to forecast and budget for its energy consumption.