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Mark Costa

Chairman & Chief Executive Officer, Eastman Chemical

Search every verified Mark Costa interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Mark Costa, Chairman and CEO of Eastman Chemical, appeared on Fox Business on May 12, 2026, to discuss the impact of the Middle East conflict on global petrochemical markets. Costa stated that the situation in the Middle East is a "severe issue" for manufacturing and the chemicals and plastics sectors, creating a "significant constraint" on supply. He described this as a "net opportunity for earnings growth" for Eastman, citing the company's technology and core operations. Costa said Eastman has raised prices by $500 million in the current quarter on its $9 billion in revenue to keep up with raw material, specialty, and distribution costs. He noted that customers have not pushed back, as the entire industry is raising prices "faster than I have seen in 20 years." Costa added that while price increases may take months to reach consumer products, he is more concerned about a "volume shock" where manufacturers may be unable to produce goods. He expressed confidence that Eastman would improve margins and generate strong cash flow starting in the current quarter.

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