HOUSTON and LONDON, Aug. 16, 2024 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced it has declared a dividend of $1.34 per share, to be paid to shareholders on Sept. 3, 2024, with an ex-dividend and record date of Aug. 26, 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, w ...

Core Insights - LyondellBasell Industries N.V. (LYB) has introduced an innovative foaming material, Hostacom TYC 2463F E2, in collaboration with Renault and Antolin for the interior design of the new Renault Rafale, showcasing advancements in material science and sustainability [1][2][4] Group 1: Product Innovation - Hostacom TYC 2463F E2 is a cutting-edge polypropylene (PP) compound that enhances interior parts with intricate designs, improved surface textures, scratch resistance, and low emissions [1][2] - The material is developed using advanced LYB catalyst technology, which improves the rheology of the PP polymer matrix, offering high flowability, an enlarged processing window, and great melt strength [3] - The semi-ductile nature of the Hostacom foaming material allows for diverse applications in various interior trim parts, contributing to sustainability [3] Group 2: Market Performance - LyondellBasell's shares have decreased by 2.4% over the past year, while the industry has seen a decline of 9.8% [4] - For the third quarter, LYB expects margins to benefit from lower natural gas and natural gas liquids costs in North America and the Middle East, despite higher oil-based expenses in other regions [4] - The company plans to operate its assets in line with market demand, targeting average operating rates of 85% for North American olefins and polyolefins, 80% for European assets, and 75% for Intermediates & Derivatives [5]

Weerapong Khodsom LyondelBasell Industries N.V. (NYSE:LYB) operates as a chemical company in the United States, and internationally. We first wrote about the firm in early 2023, with an initial "buy" rating. Later in September 2023, we have ceiterated this bullish view, mainly due to its valuation based on its dividends and dividend growth. Rating: × Analysis Filtered By: | LYB (2) Analyst's Rating History on LYB 110 Oct '23 LyondellBasell Industries: The Reason We Maintain Our Bullish Rating, Despite The P ...

Core Insights - LyondellBasell reported $10.56 billion in revenue for Q2 2024, a year-over-year increase of 2.5%, with an EPS of $2.24 compared to $2.44 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $10.67 billion by -1.07%, while the EPS exceeded the consensus estimate of $2.23 by +0.45% [1] Revenue Performance by Segment - Advanced Polymer Solutions: Revenue of $948 million, below the average estimate of $990.11 million, representing a year-over-year decline of -1.3% [3] - Olefins and Polyolefins - Americas: Revenue of $2.93 billion, exceeding the average estimate of $2.88 billion, with a year-over-year increase of +7.3% [4] - Olefins and Polyolefins - Europe, Asia, International: Revenue of $2.84 billion, surpassing the average estimate of $2.68 billion, reflecting a year-over-year growth of +4.1% [5] - Other/Eliminations: Revenue of -$1.46 billion, worse than the average estimate of -$1.34 billion, but showing a year-over-year improvement of +5.2% [6] - Refining: Revenue of $2.35 billion, above the average estimate of $2.13 billion, but a year-over-year decline of -4.6% [7] - Technology: Revenue of $159 million, slightly above the average estimate of $155.19 million, with a year-over-year increase of +3.3% [8] - Intermediates & Derivatives: Revenue of $2.80 billion, slightly below the average estimate of $2.81 billion, with a year-over-year increase of +5% [9] EBITDA Performance by Segment - Olefins & Polyolefins - Americas: EBITDA of $670 million, exceeding the average estimate of $650.05 million [9] - Olefins & Polyolefins - Europe, Asia, International: EBITDA of $70 million, above the average estimate of $57.82 million [9] - Intermediates & Derivatives: EBITDA of $794 million, significantly higher than the average estimate of $495.10 million [10] - Advanced Polymer Solutions: EBITDA of $40 million, slightly above the average estimate of $37.82 million [11] - Technology: EBITDA of $84 million, exceeding the average estimate of $80.31 million [12] Stock Performance - LyondellBasell shares have returned +3.1% over the past month, outperforming the Zacks S&P 500 composite, which changed by -0.4% [12]

Financial Data and Key Metrics Changes - The second quarter underlying business results improved by nearly 30% over the first quarter, driven by increased volumes from operations [6][12] - Earnings were reported at $2.24 per share, with EBITDA of $1.4 billion, and the company generated $1.3 billion in cash from operating activities [7][15] - The cash conversion rate was impressive at 95%, with $4.4 billion generated from operating activities over the past year [15][17] Business Line Data and Key Metrics Changes - The O&P Americas segment reported EBITDA of $670 million, benefiting from increased production and higher margins [20] - The intermediates and derivatives segment achieved EBITDA of $501 million, driven by increased production and seasonal demand for oxyfuels [28] - The refining segment's EBITDA was $15 million, impacted by lower margins due to decreased distillate cracks [26] Market Data and Key Metrics Changes - North American polyethylene sales increased by nearly 11% year-to-date over the first half of 2023, indicating strengthening demand [21] - European olefins and polyolefins results improved due to increased utilization of advantaged LPG feedstocks, with EBITDA of $70 million [25] - The U.S. Gulf Coast hurricane season poses potential disruptions, with estimated storm-related downtime impacting third quarter EBITDA by approximately $65 million [19] Company Strategy and Development Direction - The company aims to add $3 billion in incremental normalized EBITDA by 2027, with nearly one-third of that target unlocked during 2023 [8][9] - A strategic review of European assets is underway to align the regional footprint with long-term goals, with divestiture or rationalization options being considered [12][13] - The Value Enhancement Program (VEP) is expected to contribute approximately $400 million to EBITDA in 2024, focusing on increased value generation and lower fixed costs [17][33] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about North American polyolefin demand improving in 2024, supported by low feedstock costs and strong customer relationships [21][34] - The company anticipates a slight improvement in results for the second half of the year, driven by a slow recovery in global markets [32][34] - Management remains cautious about the impact of high interest rates on durable goods demand, which may affect the intermediates and derivatives segment [70] Other Important Information - The company completed the sale of its ethylene oxide and derivatives business for $700 million and acquired a 35% stake in the NATPET joint venture in Saudi Arabia [16][30] - The Houston refinery is set to shut down by the end of the first quarter of 2025, with plans to repurpose the site for circular and low-carbon solutions [10][26] Q&A Session Summary Question: Plans for the refinery and funding contingencies - Management confirmed plans to shut down the refinery by Q1 2025 and discussed ongoing projects related to advanced recycling and renewable hydrocarbons [35][37] Question: EBITDA contribution from the new PO/TBA plant - The new PO/TBA facility operated close to 90% capacity utilization in Q2, contributing positively to the overall performance [43] Question: Cash flow outlook and potential for M&A - The company plans to continue buybacks modestly while maintaining a commitment to return 70% of free cash flow to shareholders [46][47] Question: Concerns about circular plastics initiatives - Management highlighted the unique advantages of their MoReTec technology and expressed confidence in achieving 2030 targets despite industry challenges [49][50] Question: Expectations for polyethylene price increases - Management expects polyethylene prices to increase due to strong demand and low inventory levels, with two price increases anticipated in the market [52][55] Question: European asset review and potential outcomes - Management is keeping all options open regarding the European asset review, focusing on upgrading, divesting, or rationalizing assets as needed [57][58]

Second Quarter 2024 Earnings August 2, 2024 Cautionary statement The statements in this presentation relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management of LyondellBasell which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. When used in this presentation, the words "estimate," "believe," "continue," "could," "intend," "may," "plan," "potential," "pre ...

LyondellBasell Industries N.V. (LYB) recorded a second-quarter 2024 profit of $924 million or $2.82 per share, reflecting an increase of 29.2% from $715 million or $2.18 per share reported a year ago. LYB posted adjusted earnings of $2.24 per share, down 8.2% from the year-ago quarter figure of $2.44. However, adjusted earnings surpassed the Zacks Consensus Estimate of $2.23. The company's net sales in the second quarter were $10,558 million, which lagged the Zacks Consensus Estimate of $10,672.2 million. N ...

Group 1 - LyondellBasell reported quarterly earnings of $2.24 per share, exceeding the Zacks Consensus Estimate of $2.23 per share, but down from $2.44 per share a year ago, representing an earnings surprise of 0.45% [1] - The company posted revenues of $10.56 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.07%, compared to $10.31 billion in the same quarter last year [2] - LyondellBasell shares have increased approximately 3.2% since the beginning of the year, while the S&P 500 has gained 14.2% [3] Group 2 - The earnings outlook for LyondellBasell is uncertain, with current consensus EPS estimates at $2.53 for the coming quarter and $8.30 for the current fiscal year, with revenues expected to be $10.41 billion and $41.84 billion respectively [7] - The Zacks Industry Rank for Chemical - Diversified is currently in the bottom 6% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8] - The estimate revisions trend for LyondellBasell is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, suggesting it may underperform the market in the near future [6]

HOUSTON and LONDON, Aug. 2, 2024 /PRNewswire/ -- Second Quarter 2024 Highlights Net income: $924 million, $734 million excluding identified items(a) Diluted earnings per share: $2.82 per share; $2.24 per share excluding identified items EBITDA: $1.6 billion, $1.4 billion excluding identified items Cash from operating activities: $1.3 billion Increased quarterly dividend by 7% to $1.34 per share Returned $513 million to shareholders through dividends and share repurchases Taking additional actions to grow an ...

LyondellBasell Industries N.V. (LYB) is scheduled to report second-quarter 2024 earnings on Aug 2, before the opening bell. The company surpassed the Zacks Consensus Estimate in three of the last four quarters and missed once, the average earnings surprise being nearly 9.1%. It delivered a positive earnings surprise of 7.7% in the last reported quarter. The stock has gained 0.5% in the past year against the industry's decline of 10.7%. Image Source: Zacks Investment Research Let's see how things are shaping ...