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BASF SE, abbreviated from its former full name "Badische Anilin-und-Soda-Fabrik", is a German chemical company and one of the world's largest chemical producers. Many of BASF's products are derived from crude oil and natural gas. The company possesses its own coal, petroleum, and natural gas resources. Its subsidiary, Wintershall AG, is engaged in the exploration, extraction, and refining of crude oil and natural gas worldwide. It also supplies raw materials such as natural gas, benzene, cycloacetylene, and naphtha to other companies within the BASF Group.