Kurt Bock, CEO of German chemical giant BASF, attends the company's annual statement at it's headquarter in Ludwigshafen, western Germany on February 25, 2014. BASF said that it was "cautiously optimistic" for business this year after it met its targets last year. In 2013, BASF booked net profit of 4.842 billion euros ($6.7 billion), an increase of 0.5 percent over the year-earlier figure. AFP PHOTO / DANIEL ROLAND        (Photo credit should read DANIEL ROLAND/AFP/Getty Images)