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 ...

LyondellBasell Industries N.V. (NYSE:LYB) Q3 2023 Earnings Conference Call October 27, 2023 11:00 AM ET Company Participants David Kinney - Head, IR Peter Vanacker - CEO Michael McMurray - CFO Ken Lane - EVP, Global Olefins & Polyolefins Kim Foley - EVP of Intermediates, Derivatives & Refining Torkel Rhenman - EVP, Advanced Polymer Solutions Conference Call Participants Jeff Zekauskas - JP Morgan Patrick Cunningham - Citi David Begleiter - Deutsche Bank Steve Byrne - Bank of America Merrill Lynch Matthew Bl ...

Revenue Performance - Revenues for Q3 2023 increased by $319 million, or 3%, compared to Q2 2023, driven by higher volumes in O&P-Americas and I&D segments [111]. - Revenues for the first nine months of 2023 decreased by $9,067 million, or 23%, compared to the same period in 2022, primarily due to lower average sales prices [112]. - The company reported a total revenue of $10,625 million in Q3 2023, compared to $10,306 million in Q2 2023, and $31,178 million in the first nine months of 2023 compared to $40,245 million in the same period in 2022 [132]. - Sales and other operating revenues for the I&D segment increased by $419 million, or 16%, in Q3 2023 compared to Q2 2023, but decreased by $1,963 million, or 19%, in the first nine months of 2023 compared to the same period in 2022 [151][153]. - The Advanced Polymer Solutions (APS) segment reported a revenue decrease of $61 million, or 6%, in Q3 2023 compared to Q2 2023, and a decrease of $445 million, or 13%, in the first nine months of 2023 compared to the same period in 2022 [157][158]. - The Refining segment's revenues increased by $206 million, or 8%, in Q3 2023 compared to Q2 2023, but decreased by $1,946 million, or 21%, in the first nine months of 2023 compared to the same period in 2022 [165]. - The Technology segment's revenues increased by $64 million, or 42%, in Q3 2023 compared to Q2 2023, but decreased by $37 million, or 7%, in the first nine months of 2023 compared to the same period in 2022 [171]. Operating Income and Expenses - Operating income for the first nine months of 2023 decreased by $1,876 million, or 41%, compared to the first nine months of 2022, with declines across all segments [117]. - SG&A expenses increased by $182 million, or 19%, in the first nine months of 2023 compared to the same period in 2022, mainly due to higher employee-related expenses [115]. - Interest expense increased by $154 million, or 76%, in the first nine months of 2023 compared to the same period in 2022, largely due to lower capitalized interest [119]. - Comprehensive income decreased by $1,620 million in the first nine months of 2023 compared to the same period in 2022, primarily due to a decrease in net income [123]. Cash Flow and Capital Expenditures - Cash generated from operating activities in the first nine months of 2023 was $3,438 million, with $1,047 million allocated for capital expenditures and $1,415 million returned to shareholders [108]. - Cash provided by operating activities was $3,438 million in the first nine months of 2023, down from $4,515 million in the same period of 2022 [177][179]. - Capital expenditures in the first nine months of 2023 totaled $1,047 million, compared to $1,417 million in the same period of 2022 [181]. - The company plans to invest approximately $1.7 billion in capital expenditures for 2023, with about 70% allocated for sustaining maintenance [196]. Segment Performance - O&P-Americas segment revenue increased by $154 million, or 6%, in Q3 2023 compared to Q2 2023, but decreased by $3,246 million, or 28%, in the first nine months of 2023 compared to the same period in 2022 [135]. - EBITDA for the O&P-Americas segment decreased by $200 million, or 29%, in Q3 2023 compared to Q2 2023, and by $782 million, or 32%, in the first nine months of 2023 compared to the same period in 2022 [137]. - O&P-EAI segment revenue decreased by $283 million, or 10%, in Q3 2023 compared to Q2 2023, and by $2,865 million, or 26%, in the first nine months of 2023 compared to the same period in 2022 [143]. - EBITDA for the O&P-EAI segment decreased by $129 million, or 154%, in Q3 2023 compared to Q2 2023, and by $210 million, or 64%, in the first nine months of 2023 compared to the same period in 2022 [146]. - EBITDA for the I&D segment increased by $236 million, or 50%, in Q3 2023 compared to Q2 2023, and by $25 million, or 2%, in the first nine months of 2023 compared to the same period in 2022 [154]. - EBITDA for the APS segment decreased by $16 million, or 47%, in Q3 2023 compared to Q2 2023, and by $315 million, or 223%, in the first nine months of 2023 compared to the same period in 2022 [159]. - EBITDA for the Refining segment increased by $29 million, or 62%, in Q3 2023 compared to Q2 2023, but decreased by $303 million, or 45%, in the first nine months of 2023 compared to the same period in 2022 [167]. - EBITDA for the Technology segment increased by $67 million, or 85%, in Q3 2023 compared to Q2 2023, but decreased by $9 million, or 3%, in the first nine months of 2023 compared to the same period in 2022 [174]. Tax and Financial Position - The effective income tax rate for Q3 2023 was 17.0%, down from 20.8% in Q2 2023, primarily due to an audit settlement [120]. - Total debt, including current maturities, was $11,106 million as of September 30, 2023 [191]. - The company had total unused availability under credit facilities of $4,150 million at September 30, 2023 [192]. - As of September 30, 2023, the company had cash and cash equivalents totaling $2,833 million, with $1,638 million held outside the U.S. [190]. Future Outlook and Strategic Initiatives - The company expects average operating rates of 85% for O&P-Americas assets, 75% for European O&P-EAI assets, and 70% for I&D assets in Q4 2023 [197]. - The value enhancement program is anticipated to generate approximately $575 million in recurring annual net income improvement by the end of 2025, with a near-term target increased to $150 million of net income and $200 million of recurring annual EBITDA by year-end 2023 [198][199]. - The company plans to fund working capital, capital expenditures, and dividends with current available liquidity and cash from operations [188]. - The company expects seasonally softer demand across most businesses in Q4 2023, with pressures on global olefins and polyolefins margins due to higher feedstock costs and new industry capacity [197]. Shareholder Returns - In the first nine months of 2023, the company made dividend payments totaling $1,204 million, including a special dividend of $5.20 per share totaling $1,704 million paid in June 2022 [184]. - In the first nine months of 2023, the company repurchased approximately 2.3 million shares for $211 million under its share repurchase authorization [194]. Internal Controls - There have been no changes in internal controls over financial reporting that materially affected or are likely to materially affect internal control over financial reporting [217].

LyondellBasell Industries N.V. (NYSE:LYB) Q2 2023 Results Conference Call August 4, 2023 11:00 AM ET Company Participants David Kinney - Head, IR Peter Vanacker - CEO Michael McMurray - CFO Ken Lane - EVP, Global Olefins & Polyolefins Kim Foley - EVP of Intermediates, Derivatives & Refining Torkel Rhenman - EVP, Advanced Polymer Solutions Conference Call Participants Aleksey Yefremov - KeyBanc Capital Markets Arun Viswanathan - RBC Capital Markets Christopher Parkinson - Mizuho Frank Mitsch - Fermium Resea ...