LyondellBasell Industries N.V. (LYB) is scheduled to report fourth-quarter 2023 earnings before the opening bell on Feb 2.The company surpassed the Zacks Consensus Estimate in each of the last four quarters, the average earnings surprise being roughly 22%. It delivered an earnings surprise of 24.2% in the last reported quarter. Weaker demand in most industries and higher feedstock and energy costs are likely to have impacted LYB’s fourth-quarter results.The stock has lost 1.5% in the past year compared with ...

The market expects LyondellBasell (LYB) to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 2, 2024, might help the stock move higher if these k ...

LyondellBasell Industries N.V. (LYB) recently launched Petrothene T3XL7420, a cross-linkable, all-in-one flame-retardant compound that is projected to result in significant cost reductions while streamlining manufacturing processes.This product offering also raises the quality of end products for wire makers in the automotive and appliance industries. LyondellBasell developed this novel compound in response to customer demand and industry needs to optimize production line speeds and improve manufacturing ef ...

BlackJack3D A huge global company making plastic resins and other chemicals, LyondellBasell Industries (NYSE:LYB) is a huge company operating internationally, and they are also operating an oil refinery in Houston, Texas. One of the world's largest providers of Olefins and Polyfins, LyondellBasell offers products to different industries, and has steadily been expanding their business with generated cash flow. Understanding LyondellBasell One word: plastics. Actually it might take more than one word to speci ...

LyondellBasell Industries N.V. (LYB) has been selected to receive a €40 million grant from the European Union's ("EU") Innovation Fund. The money will help fund the company's plans to construct a fully electric, industrial-scale advanced recycling demonstration plant in Wesseling, Germany.The EU Innovation Fund's 'Third Call for Large Scale Projects' chose 41 projects, including LYB’s MoReTec facility. As part of its efforts to encourage decarbonization, the EU has committed EUR 3.6 billion to fund innovati ...

Dragon Claws Owning tech companies that are constantly in the news can be fun, but the volume of information that's out there can be overwhelming at times. Plus, it can be hard to determine what is a fair value for them, considering that plenty of good news may have already been baked into their share price. That's why a better idea may be to allocate a healthy part of one's portfolio towards steady dividend-paying companies in industries that work behind the scenes to drive everyday life. Better yet, t ...

LyondellBasell Industries N.V. (LYB) stated that it has reached an agreement to buy a 35% stake in Saudi Arabia-based National Petrochemical Industrial Company ("NATPET") from Alujain Corporation for about $500 million. The joint venture, enabled by its Spheripol polypropylene (PP) technology, will allow LYB to grow and enhance its core PP business by providing access to advantageous feedstocks as well as more product marketing capacity in a critical region.The deal is subject to regulatory and customary cl ...

Technology-enabled JV increases LYB access to advantaged feedstocks and attractive markets Transaction encompasses existing assets and planned growth projects HOUSTON and RIYADH, Saudi Arabia, Jan. 16, 2024 /PRNewswire/ -- LyondellBasell (LYB) today announced it entered into an agreement to acquire a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) from Alujain Corporation (Alujain) for approximately $500 million. Enabled by its Spheripol polypropylene (PP) technology, ...

LyondellBasell Industries N.V. (LYB) has announced that China Coal Shaanxi Yulin Energy & Chemical Co., Ltd will use LyondellBasell Spherizone, Hostalen Advanced Cascade Process (ACP) and Lupotech T technologies at its new facility.The process technology will be employed in the construction of a 300 kilotons per annum (KTA) Spherizone polypropylene plant, a 300 KTA Hostalen ACP high-density polyethylene plant and a 250 KTA Lupotech T vinyl acetate copolymer plant in Yulin City, Shaanxi Province, China.This ...

NEWARK, Del, Jan. 02, 2024 (GLOBE NEWSWIRE) -- The lightweight automotive body panels market size is projected to be valued at US$ 122,054.9 million in 2023 and is expected to rise to US$ 191,369.2 million by 2033. The sales of lightweight automotive body panels market are predicted to thrive at a significant CAGR of 4.6% during the forecast period. The lightweight automotive body panels market is experiencing significant growth, primarily driven by the rising production of commercial vehicles and increasin ...