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Exhibit 99.1

FOR IMMEDIATE RELEASE: CONTACT: JAMES E. HURLBUTT (847) 446-7500

STEPAN REPORTS HIGHER SECOND QUARTER EARNINGS, UP 22%

     NORTHFIELD, Illinois, July 27, 2011 -- Stepan Company (NYSE: SCL) today reported higher second quarter and year-to-date results for the period ended June 30, 2011.

• Net income rose 22 percent to $20.9 million compared to $17.0 million a year ago. Earnings per share also rose 22 percent to $1.87 per share.
• Net income, excluding deferred compensation plan expense, was $20.7 million compared to $19.2 million a year ago, up eight percent.
• Net sales rose 30 percent primarily due to higher selling prices. Gross profit rose 10 percent despite commodity raw material inflation. Total sales volume grew by less than one percent as six percent higher polymer volumes were offset by a one percent decrease in surfactant volumes.

SUMMARY
		Three Months Ended June 30						Six Months Ended June 30
($ in thousands, except						%						%
per share amounts)		2011		2010		Change		2011		2010		Change
Net Sales		$476,989		$366,504		+ 30		$899,587		$703,534		+ 28
Net Income		20,867		17,046		+ 22		39,628		37,706		+ 5
Net Income Excluding
Deferred Compensation*		20,680		19,163		+ 8		38,904		38,490		+ 1
Earnings per Diluted Share		$1.87		$1.53		+ 22		$3.55		$3.41		+ 4
Earnings per Diluted Share
Excluding Deferred
Compensation		$1.85		$1.72		+ 8		$3.49		$3.48		—
* See Table II for a discussion of deferred compensation plan accounting.

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SECOND QUARTER RESULTS
		Three Months Ended June 30						Six Months Ended June 30
($ in thousands)						%						%
		2011		2010		Change		2011		2010		Change
Net Sales
Surfactants		$343,767		$264,567		+ 30		$668,652		$526,880		+ 27
Polymers		120,854		90,893		+ 33		207,253		154,003		+ 35
Specialty Products		12,368		11,044		+ 12		23,682		22,651		+ 5
Total Net Sales		$476,989		$366,504		+ 30		$899,587		$703,534		+ 28

Net sales rose by 30 percent due to higher selling prices (25 percent) and the effect of foreign currency translation (five percent). Sales volume grew by less than one percent. A six percent increase in polymer sales volume was largely offset by a one percent decline in surfactant volume.

• Surfactant sales volume declined by one percent due to weaker volumes in Consumer Products partially offset by improved sales in the Agricultural and Oil Field segments. Oil Field volume improvement was driven by increased sales into EOR applications.
• Polymer sales volume rose six percent. Sales volume of polyol, used primarily in rigid foam insulation rose by 12 percent. External sales of phthalic anhydride (PA) declined by 10 percent, while profitability improved on higher margins. The lower PA volume relates to recurring weakness in polyester resins used in automotive, boating and construction industries. Internal consumption of PA increased on higher polyol volumes.

Gross profit increased by 10 percent to $69.6 million versus $63.5 million a year ago.

• Surfactant gross profit rose by $1.5 million, or three percent, due to a more favorable sales mix in North America and Europe that was partially offset by lower Consumer Product sales. Latin American gross profit declined due to higher expenses associated with our Brazilian expansion.
  Latin American volume grew by 22 percent.
• Polymer gross profit surged 37 percent to $20.6 million compared to $15.0 million a year ago. The improvement was largely due to the 12 percent increase in polyol volume coupled with improved margins, particularly in Europe, which had experienced margin erosion over the last year as commodity raw material costs escalated. We anticipate continued strong demand for polyol used in replacement roofs driven by energy savings and expanded use in metal panel applications.
• Specialty Products gross profit declined four percent to $4.4 million versus $4.6 million a year ago. The decrease is due to lower margins in our food ingredient business precipitated by higher raw material costs and competitive pressure on selling prices. Sales volume rose eight percent.

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OPERATING EXPENSES
		Three Months Ended June 30						Six Months Ended June 30
($ in thousands)						%						%
		2011		2010		Change		2011		2010		Change
Marketing		$12,171		$9,391		+ 30		$23,001		$20,342		+ 13
Administrative – General		13,008		11,543		+ 13		24,263		22,407		+ 8
Administrative – Deferred
Compensation		(328)		2,730		NM		(709)		929		NM
Research, development
and technical service		10,656		10,042		+ 6		20,887		19,925		+ 5
Total		$35,507		$33,706		+ 5		$67,442		$63,603		+ 6

• Marketing expense rose 30 percent for the quarter and 13 percent year-to- date. Investments planned to accelerate growth in Singapore, Brazil and Poland and the consolidation of the Philippine operation accounted for nearly half of the growth in marketing expense. Higher travel expense and the effect of foreign currency translation of expenses incurred outside the U.S. contributed to the remaining increase.
• Administrative general expense rose by 13 percent for the quarter and eight percent for the year. The growth initiatives in Singapore, Brazil and Poland contributed to the increase coupled with the effect of foreign currency translation.

INCOME TAXES

The effective tax rate was 33 percent for the quarter and 32 percent for the year-to-date period compared to 35 percent in the year ago periods. The decrease was primarily attributable to the implementation of a holding company structure that will provide a recurring benefit in lowering the effective tax rate on foreign earnings.

BALANCE SHEET

The Company’s net debt levels increased by $32.2 million for the quarter and increased $84.8 million for the first six months:

($ in millions)
Net Debt		6/30/11		3/31/11		12/31/10
Total Debt		$190.8		$185.7		$191.6
Cash		25.6		52.7		111.2
Net Debt		$165.2		$ 133.0		$ 80.4

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The year-to-date increase in net debt was primarily due to the inflationary impact of higher commodity raw material costs on inventory and receivables. The second quarter increase also included the Lipid Nutrition product line acquisition, including inventory. Capital expenditures for the quarter and year-to-date periods were $17.9 million and $40.4 million, respectively.

OUTLOOK

Our growth initiatives are on track to deliver future earnings in 2012. Surfactant earnings will improve this year as growth from our higher margin functional surfactants offset the weakness in consumer volumes. Surfactant demand for enhanced oil recovery continues to grow. Our Brazil expansion is complete and we will have improved contribution in the third quarter.

The significant improvement in our Polymer business this year is in line with our expectations. The sold out demand for polyol at our German plant will continue to require imports from our Illinois plant for the balance of the year due to delays in the expanded German capacity. Our polymer plant in Poland should see improved volume over the balance of the year as we begin fulfilling new customer demand.

Specialty Product earnings will benefit from our recently announced Lipid Nutrition product line acquisition. The acquisition should contribute to earnings this year and provide longer term synergies with our existing food ingredient business.

While 2011 will have some planned higher costs associated with our global growth initiatives, we have the opportunity to deliver full year earnings growth.

CONFERENCE CALL

Stepan Company will host a conference call to discuss the second quarter results at 1:00 p.m. Eastern Daylight Time on July 27, 2011. To listen to a live webcast of this call, please go to our Internet website at: www.stepan.com, click on investor relations, next click on conference calls and follow the directions on the screen.

Stepan Company, headquartered in Northfield, Illinois, is a leading producer of specialty and intermediate chemicals used in household, industrial, personal care, agricultural, food and insulation related products. The common and the convertible preferred stocks are traded on the New York and Chicago Stock Exchanges under the symbols SCL and SCLPR.

* * * * * tables follow

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Except for historical information, all other information in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied. The most significant of these uncertainties are described in Stepan Company’s Form 10-K, Form 8-K and Form 10-Q reports and exhibits to those reports, and include (but are not limited to), prospects for our foreign operations, foreign currency fluctuations, certain global and regional economic conditions, the probability of future acquisitions and the uncertainties related to the integration of acquired businesses, the probability of new products, the loss of one or more key customer or supplier relationships, the costs and other effects of governmental regulation and legal and administrative proceedings, including the expenditures necessary to address and resolve environmental claims and proceedings, and general economic conditions. These forward-looking statements are made only as of the date hereof, and Stepan Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

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												Table I
STEPAN COMPANY
Statements of Income
For the Three and Six Months Ended June 30, 2011 and 2010
(Unaudited – 000’s Omitted)
		Three Months Ended								Six Months Ended
				June 30								June 30
								%								%
		2011		2010		Change				2011		2010		Change
Net Sales		$476,989		$366,504		+		30		$899,587		$703,534		+		28
Cost of Sales		407,404		303,026		+		34		768,216		576,504		+		33
Gross Profit		69,585		63,478		+		10		131,371		127,030		+		3
Operating Expenses:
Marketing		12,171		9,391		+		30		23,001		20,342		+		13
Administrative		12,680		14,273		-		11		23,554		23,336		+		1
Research, development
and technical services		10,656		10,042		+		6		20,887		19,925		+		5
		35,507		33,706		+		5		67,442		63,603		+		6
Operating Income		34,078		29,772		+		14		63,929		63,427		+		1
Other Income (Expense):
Interest, net		(2,194)		(1,510)		+		45		(4,257)		(2,766)		+		54
Loss from equity in joint ventures		(805)		(764)		+		5		(1,770)		(1,335)		+		33
Other, net		253		(1,111)				NM		565		(1,333)				NM
		(2,746)		(3,385)		-		19		(5,462)		(5,434)		+		1
Income before Income Taxes		31,332		26,387		+		19		58,467		57,993		+		1
Provision for Income Taxes		10,326		9,318		+		11		18,645		20,243		-		8
Net Income		21,006		17,069		+		23		39,822		37,750		+		5
Add: Net Income Attributable
to the Noncontrolling
Interests		(139)		(23)		+		504		(194)		(44)		+		341
Net Income Attributable to
Stepan Company		$20,867		$17,046		+		22		$39,628		$37,706		+		5

Net Income Per Common Share
Attributable to Stepan Company
Basic		$2.00		$1.66		+		20		$3.80		$3.69		+		3
Diluted		$1.87		$1.53		+		22		$3.55		$3.41		+		4
Shares Used to Compute Net
Income Per Common Share
Attributable to Stepan Company
Basic		10,345		10,160		+		2		10,335		10,130		+		2
Diluted		11,178		11,118		+		1		11,175		11,052		+		1

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Table II

Deferred Compensation Plan

The full effect of the deferred compensation plan on quarterly pretax income was $0.3 million of income versus expense of $3.4 million last year. The accounting for the deferred compensation plan results in income when the price of Stepan Company common stock or mutual funds held in the plan fall and expense when they rise. The Company also recognizes the change in value of mutual funds as investment income or loss. The deferred compensation expense income statement impact is summarized below:

		Three Months Ended June 30				Six Months Ended June 30
($ in thousands)		2011		2010		2011		2010
Deferred Compensation
Administrative (Expense) Income		$328		$(2,730)		$709		$(929)
Other, net – Mutual Fund Gain (Loss)		(26)		(685)		460		(336)
Total Pretax		$302		$(3,415)		$1,169		$(1,265)
Total After Tax		$187		$(2,117)		$724		$(784)
Reconciliation of non-GAAP net income:
		Three Months Ended June 30				Six Months Ended June 30
($ in thousands)		2011		2010		2011		2010
Net income excluding deferred
compensation		$20,680		$19,163		$38,904		$38,490
Deferred compensation plan (expense)
income		187		(2,117)		724		(784)
Net income as reported		$20,867		$17,046		$39,628		$37,706
Reconciliation of non-GAAP EPS:
		Three Months Ended June 30				Six Months Ended June 30
		2011		2010		2011		2010
Earnings per diluted share excluding
deferred compensation		$1.85		$1.72		$3.49		$3.48
Deferred compensation plan (expense)
income		0.02		(0.19)		0.06		(0.07)
Earnings per diluted share		$1.87		$1.53		$3.55		$3.41

The Company believes that certain non-GAAP measures, when presented in conjunction with comparable GAAP (Generally Accepted Accounting Principles) measures, are useful because that information is an appropriate measure for evaluating the Company’s operating performance. Internally, the Company uses this non-GAAP information as an indicator of business performance, and evaluates management’s effectiveness with specific reference to these indicators. These measures should be considered in addition to, neither a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP.

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Table III

Effects of Foreign Currency Translation

The Company’s foreign subsidiaries transact business and report financial results in their respective local currencies. As a result, foreign subsidiary income statements are translated into U.S. dollars at average foreign exchange rates appropriate for the reporting period. Because foreign exchange rates fluctuate against the U.S. dollar over time, foreign currency translation affects period-to-period comparisons of financial statement items (i.e. because foreign exchange rates fluctuate, similar period-to-period local currency results for a foreign subsidiary may translate into different U.S. dollar results). For the second quarter and the first half of 2011, the U.S. dollar was weaker against all the foreign currencies in the locations where the Company does business, when compared to the exchange rates for the second quarter and first half of 2010. Consequently, reported net sales, expense and income amounts for 2011 were higher than they would have been had the foreign currency exchange rates remained constant with the rates for 2010. Below is a table that presents the effect that foreign currency translation had on the quarter-over-quarter and year-over-year changes in consolidated net sales and various income line items for the second quarter and first half ending June 30, 2011:

		Three Months
		Ended June 30
								Increase Due to
		2011		2010		Increase		Foreign Translation
Net Sales		$477.0		$366.5		110.5		16.6
Gross Profit		69.6		63.5		6.1		1.5
Operating Income		34.1		29.8		4.3		0.6
Pretax Income		31.3		26.4		4.9		0.4
		Six Months
		Ended June 30
								Increase Due to
		2011		2010		Increase		Foreign Translation
Net Sales		$899.6		$703.5		196.1		20.1
Gross Profit		131.4		127.0		4.4		1.9
Operating Income		63.9		63.4		0.5		0.9
Pretax Income		58.5		58.0		0.5		0.6

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				Table IV
Stepan Company
Consolidated Balance Sheets
June 30, 2011 and December 31, 2010
		2011		2010
		June 30		December 31
ASSETS
Current Assets		$504,592		$427,826
Property, Plant & Equipment, Net		368,766		353,585
Other Assets		37,567		30,020
Total Assets		$910,925		$811,431
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities		$262,534		$205,627
Deferred Income Taxes		9,986		5,154
Long-term Debt		154,956		159,963
Other Non-current Liabilities		82,462		87,616
Total Stepan Company Stockholders’ Equity		397,171		349,491
Minority Interest		3,816		3,580
Total Liabilities and Stockholders’ Equity		$910,925		$811,431

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Exhibit 99.2
FOR RELEASE: IMMEDIATELY		CONTACT: JAMES E. HURLBUTT
		(847) 446-7500

STEPAN DECLARES QUARTERLY DIVIDEND AND ELECTS NEW DIRECTOR

     NORTHFIELD, Illinois, July 27, 2011 – The Board of Directors of Stepan Company (NYSE: SCL) declared a quarterly cash dividend on its common stock of $0.2600 per share on July 26, 2011. The dividend is payable on September 15, 2011, to common stockholders of record on August 31, 2011.

     The Board of Directors also declared a quarterly cash dividend on its five and one half percent (5.5%) convertible preferred stock at the quarterly rate of $0.34375 per share. Dividends are payable on August 31, 2011 to preferred stockholders of record on August 15, 2011.

     In addition, Stepan Company today announced the election of Mr. James R. Voss to the Board of Directors effective August 1, 2011. Mr. Voss is the current Executive Vice President and Chief Operating Officer of Solutia, Inc., a global manufacturer of performance materials and specialty chemicals. Mr. Voss will succeed Mr. Gary E. Hendrickson who resigned from the Board of Directors effective August 1, 2011. Mr. Hendrickson is leaving the Board of Directors to focus on other commitments, including his new position as President and Chief Executive Officer of The Valspar Corporation. “We appreciate Gary’s significant contributions to the Board of Directors over the past two years and wish him well,” said F. Quinn Stepan, Chairman.

     Stepan Company, headquartered in Northfield, Illinois, is a leading producer of specialty and intermediate chemicals used in household, industrial, personal care, agricultural, food and insulation-related products. The common and preferred stocks are traded on the New York and Chicago Stock Exchanges under the symbol SCL and SCLPR.

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