LyondellBasell Industries N.V. (LYB) announced a strategic review of its European operations in the Olefins & Polyolefins and Intermediates & Derivatives business units. This review aligns with the company's strategic approach to grow and upgrade its core businesses, develop profitable circular and low-carbon solutions and enhance performance and culture.LYB’s strategy, as outlined at the 2023 Capital Markets Day, focuses on businesses with enduring competitive advantages. It plans to reinvest in areas that ...

HOUSTON and LONDON, May 8, 2024 /PRNewswire/ -- LyondellBasell today announced the formal launch of a strategic review of the European assets of its Olefins & Polyolefins and Intermediates & Derivatives business units. The assessment will evaluate the assets through the lens of the company's strategy to Grow & Upgrade the Core, Build a Profitable Circular and Low Carbon Solutions Business, and Step Up Performance & Culture. "At the 2023 Capital Markets Day, we stated our intent to concentrate our portfolio ...

LyondellBasell Industries N.V. (NYSE:LYB) Q1 2024 Earnings Conference Call April 26, 2024 11:00 AM ET Company Participants David Kinney - Head, IR Peter Vanacker - CEO Michael McMurray - CFO Kim Foley - EVP, Intermediates, Derivatives & Refining Aaron Ledet - EVP, Intermediates and Derivatives Torkel Rhenman - EVP, Advanced Polymer Solutions Conference Call Participants Steve Byrne - Bank of America Patrick Cunningham - Citi Frank Mitsch - Fermium Research Matthew Blair - Tudor, Pickering, Holt Jeff Zekausk ...

For the quarterly period ended March 31, 2024 or Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34726 LYONDELLBASELL INDUSTRIES N.V. (Exact name of registrant as specified in its charter) Netherlands 98-0646235 (Stat ...

• Value Enhancement Program targeting $600 MM recurring annual EBITDA1 run-rate by year end 2024 Progressing our long-term strategy Growing and upgrading our core to drive higher returns Building a profitable Circular & Low Carbon Solutions business Transforming our culture to embrace a comprehensive approach to value creation VEP Accelerating our Value Enhancement Program with up to $1 B recurring annual EBITDA1 run-rate by year end 2025 1. Year-end EBITDA run rate based on 2017-2019 mid-cycle margins and ...

LyondellBasell Industries N.V. (LYB) recorded a first-quarter 2024 profit of $473 million or $1.44 per share compared with the year-ago quarter's $474 million or $1.44 per share.LYB posted adjusted earnings of $1.53 per share, down 38.8% from the year-ago quarter figure of $2.50. It beat the Zacks Consensus Estimate of $1.42.The company’s net sales in the first quarter were $9,925 million, which beat the Zacks Consensus Estimate of $9,462.1 million. Net sales decreased around 3.14% from $10,247 million in t ...

LyondellBasell (LYB) reported $9.93 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 3.1%. EPS of $1.53 for the same period compares to $2.50 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $9.46 billion, representing a surprise of +4.89%. The company delivered an EPS surprise of +7.75%, with the consensus EPS estimate being $1.42.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

LyondellBasell (LYB) came out with quarterly earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $2.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.75%. A quarter ago, it was expected that this oil refiner and chemical company would post earnings of $1.29 per share when it actually produced earnings of $1.26, delivering a surprise of -2.33%.Over the last four ...

NEWS RELEASE FOR IMMEDIATE RELEASE HOUSTON and LONDON, April 26, 2024 LyondellBasell Reports First Quarter 2024 Earnings First Quarter 2024 Highlights Comparisons with the prior quarter and first quarter 2023 are available in the following table: Table 1 - Earnings Summary | | | Three Months Ended | | | --- | --- | --- | --- | | | March 31, | December 31, | March 31, | | Millions of U.S. dollars (except share data) | 2024 | 2023 | 2023 | | Sales and other operating revenues | $9,925 | $9,929 | $10,247 | | N ...

HOUSTON and LONDON, April 26, 2024 /PRNewswire/ -- First Quarter 2024 Highlights Net Income: $473 million, $501 million excluding identified items(a) Diluted earnings per share: $1.44 per share; $1.53 per share excluding identified items EBITDA: $1.0 billion, $1.1 billion excluding identified items Cash used by operating activities: $114 million Cash provided by operating activities of $4.3 billion over last 12 months resulting in 93% cash conversion(b) Returned $408 million in dividends to shareholders ...