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Summary of LyondellBasell Industries N.V. Conference Call Company Overview - **Company**: LyondellBasell Industries N.V. (NYSE:LYB) - **Conference Date**: December 4, 2024 - **Participants**: Michael McMurray (CFO), Duffy Fischer (Goldman Sachs Analyst) Key Points Industry Context - The chemicals industry is experiencing a mix of challenges and opportunities, with expectations of significant activity in the coming months [2][4] - The industry has faced one of the longest downturns in history, impacting demand for durable goods [14][19] Company Strategy - LyondellBasell launched a new strategy in March 2023 focused on sustainable growth, emphasizing core strengths and reallocating resources [6][7] - The strategy is built on three pillars: 1. **Core Business Growth**: Focus on businesses with competitive advantages, including a new Saudi joint venture expected to generate $155 million in EBITDA [8] 2. **Circular and Low-Carbon Solutions**: Aiming to produce 2 million tons of recycled and renewable polymers by 2030, generating an incremental $1 billion in EBITDA [9] 3. **Performance and Culture Enhancement**: Targeting $600 million in recurring annual EBITDA by the end of 2024 and $1 billion by 2025 through operational excellence [10] Financial Performance - LyondellBasell generated $4.6 billion in EBITDA over the past 12 months, exceeding the pandemic trough by $700 million [14] - North American polyethylene demand increased by nearly 7% year-to-date, with polypropylene demand up about 3% [15] - The company anticipates fourth-quarter EBITDA to be the lowest since 2020 due to seasonal demand and trade uncertainties [23] Market Dynamics - The refining segment is facing challenges, leading to a planned shutdown in Q1 2025, which is expected to release $0.5 billion in working capital [17][70] - Oxyfuels margins are expected to remain attractive despite declines from 2023 peaks, with a positive outlook for the summer driving season in 2025 [22][36] - European market conditions are stable but slow, with capacity rationalizations expected to align supply with local demand [21] Future Outlook - The company is optimistic about the recovery of durable goods demand and expects improvements in the first quarter of 2025 [32][60] - LyondellBasell is focused on cash generation, maintaining $2.6 billion in cash on the balance sheet, and has a disciplined approach to capital allocation [18][24] - The company is also investing in advanced recycling technology, with a goal of achieving significant EBITDA contributions from this segment by 2030 [75] Risks and Challenges - Trade uncertainties and tariff discussions pose risks to industrial confidence and market dynamics [41][24] - The company is prepared to navigate potential negative implications from new administration policies regarding trade [45] Additional Insights - The company is actively working on exiting non-core businesses and optimizing its European footprint [24][63] - The demand for recycled products is expected to command premiums, particularly for advanced recycling technologies [78] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting LyondellBasell's focus on sustainable growth, financial resilience, and market adaptability.

HOUSTON and LONDON, Nov. 27, 2024 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB), a leader in the global chemical industry, today announced Michael McMurray, executive vice president and chief financial officer, will participate in a fireside chat at the 2024 Goldman Sachs Industrials and Materials Conference in New York on Wednesday, December 4, 2024, at 8 a.m. EST. Webcast and Presentation Slides AccessA live webcast can be accessed at the time of the event at https://investors.lyondellbasell.com/events-a ...

HOUSTON and LONDON, Nov. 22, 2024 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB) today announced it has declared a dividend of $1.34 per share, to be paid to shareholders on Dec. 9, 2024, with an ex-dividend and record date of Dec. 2, 2024.About LyondellBasell We are LyondellBasell (NYSE: LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, ...

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Shares of LyondellBasell Industries (NYSE: LYB ) have been a poor performer over the past year, losing 4% despite a strong equity market. Ongoing weakness in China and concerns about a rebound in growth have been major headwinds forOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analy ...

LyondellBasell (LYB) reported $10.32 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 2.9%. EPS of $1.88 for the same period compares to $2.46 a year ago.The reported revenue represents a surprise of +0.49% over the Zacks Consensus Estimate of $10.27 billion. With the consensus EPS estimate being $2.03, the EPS surprise was -7.39%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

LyondellBasell Industries N.V. (LYB) recorded third-quarter 2024 profit of $573 million or $1.75 per share, reflecting a decline of 23.3% from the year-ago quarter's profit of $747 million or $2.29 per share. LYB posted adjusted earnings of $1.88 per share, down 23.6% from the year-ago quarter figure of $2.46. Adjusted earnings missed the Zacks Consensus Estimate of $2.03.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company’s net sales in the third quarter were $10,322 million, ...

LyondellBasell (LYB) came out with quarterly earnings of $1.88 per share, missing the Zacks Consensus Estimate of $2.03 per share. This compares to earnings of $2.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.39%. A quarter ago, it was expected that this oil refiner and chemical company would post earnings of $2.23 per share when it actually produced earnings of $2.24, delivering a surprise of 0.45%.Over the last four ...

Third Quarter 2024 Highlights Net income: $573 million, $617 million excluding identified items(a)Diluted earnings per share: $1.75 per share; $1.88 per share excluding identified itemsEBITDA: $1.2 billionCash from operating activities: $670 millionReturned $479 million to shareholders through dividends and share repurchasesCreating long-term value through progress toward LYB's sustainability targets: Started construction of MoReTec-1 catalytic advanced recycling facility in GermanyExceeded 2030 renewable e ...