HOUSTON and LONDON, Feb. 2, 2024 /PRNewswire/ -- Fourth Quarter 2023 Highlights  Net Income: $185 million, $411 million excluding identified items(a) Diluted earnings per share: $0.56 per share, $1.26 per share excluding identified items EBITDA: $639 million, $910 million excluding identified items Generated $1.5 billion of cash from operating activities resulting in 171% cash conversion(b) Returned $406 million in dividends to shareholders Took final investment decision to build first commercial-scale cat ...

LyondellBasell Industries N.V. (LYB) and MSI Technology, LLC announced an agreement wherein MSI Technology will serve the LyondellBasell Polybutene-1 (PB-1) resin line in consumer packaging applications in North America. MSI Technology is also the sales representative for LyondellBasell's Plexar product range.The collaboration is a strategic fit for MSI Technology's current markets. It will employ its technical sales approach, paired with its present specialty product portfolio, to expand its consumer packa ...

HOUSTON, Jan. 30, 2024 /PRNewswire/ -- LyondellBasell (NYSE: LYB) and MSI Technology, LLC announced today they have entered into an agreement for MSI Technology to serve the LyondellBasell Polybutene-1 (PB-1) resin line into consumer packaging applications for North America. MSI Technology is also the sales representative for the LyondellBasell Plexar product line. The expansion of the relationship is a strategic fit relative to the markets MSI Technology serves today. MSI Technology will use its technical ...

Wall Street analysts expect LyondellBasell (LYB) to post quarterly earnings of $1.29 per share in its upcoming report, which indicates no change from the year-ago quarter. Revenues are expected to be $10.38 billion, up 1.8% from the year-ago quarter.Over the last 30 days, there has been a downward revision of 0.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this tim ...

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 ...