LYB Stock Recent News

LyondellBasell Industries operates as a chemical company in the US and internationally. Our updated two-stage dividend discount model values LYB stock at $136, significantly above the current price. A set of traditional price multiples also indicates undervaluation. Quarterly earnings show growth and commitment to returning value shareholders.

While the top- and bottom-line numbers for LyondellBasell (LYB) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

LyondellBasell Industries N.V. (NYSE:LYB ) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Corporate Participants David Kinney - Head, IR Peter Vanacker - Chief Executive Officer Michael McMurray - Chief Financial Officer Kim Foley - EVP, Intermediates, Derivatives & Refining Aaron Ledet - EVP, Intermediates and Derivatives Torkel Rhenman - EVP, Advanced Polymer Solutions Conference Call Participants Steve Byrne - Bank of America Matthew Blair - TPH Frank Mitsch - Fermium Research John Roberts - Mizuho Securities David Begleiter - Deutsche Bank Kevin McCarthy - Vertical Research Partners Chris Perrella - UBS Hassan Ahmed - Alembic Global Vincent Andrews - Morgan Stanley Operator Hello and welcome to the LyondellBasell Teleconference.

Sales of LyondellBasell (LYB) in Q2 increase due to higher production and improved seasonal demand.

LyondellBasell (LYB) came out with quarterly earnings of $2.24 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $2.44 per share a year ago.

Petrochemical manufacturer LyondellBasell on Friday edged past Wall Street estimates for second-quarter profit and said it expects margins to continue to benefit from lower feedstock prices in the third quarter.

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 and upgrade our core businesses Completed divestment of Ethylene Oxide and Derivatives (EO&D) business Completed acquisition of 35% share in NATPET integrated polypropylene joint venture in Saudi Arabia Announced strategic review of European assets Comparisons with the prior quarter and second quarter 2023 are available in the following table: Table 1 - Earnings Summary  Millions of U.S. dollars (except share data)           Three Months Ended                Six Mont

LyondellBasell (LYB) is expected to have benefited from increased seasonal demand and lower energy costs in key regions in Q2.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for LyondellBasell (LYB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

LyondellBasell (LYB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.