Core Viewpoint - LyondellBasell Industries experienced a significant decline in share value following a disappointing second-quarter earnings report, leading to bearish sentiment among investors and analysts [1][2]. Financial Performance - Revenue for LyondellBasell in the second quarter decreased slightly year-over-year to just under $7.66 billion, while non-GAAP net income nearly doubled to $202 million but fell short of analyst expectations [3]. Analyst Reactions - Analysts responded to the earnings report with price target reductions; Wells Fargo's Michael Sison lowered his target from $75 to $65 while maintaining an overweight recommendation, whereas Mizuho's John Roberts reduced his target by $5 to $62, keeping a neutral stance [4]. - Goldman Sachs analyst Duffy Fischer reiterated a sell rating with a price target of $59, highlighting the company's plans to cut capital expenditures and halt share buybacks, which typically support stock value [5].