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LyondellBasell Industries: Q2 Earnings Insights

Benzinga Insights

 

Shares of LyondellBasell Industries (NYSE:LYB) rose 0.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 74.81% year over year to $0.68, which beat the estimate of $0.65.

Revenue of $5,546,000,000 declined by 38.70% from the same period last year, which missed the estimate of $5,660,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

LyondellBasell Industries hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jul 31, 2020

View more earnings on LYB

Time: 11:00 AM

ET Webcast URL: https://www.lyondellbasell.com/en/investors/company-earnings/

Technicals

52-week high: $98.91

52-week low: $33.71

Price action over last quarter: Up 20.13%

Company Overview

LyondellBasell Industries NV is a petrochemical producer with operations in the U.S. and Europe. It operates in six segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Advanced Polymer Solutions (APS), Refining and Technology. The company is a major producer of polyethylene, the world's largest producer of polypropylene, and the second- largest producer of propylene oxide. Its chemicals are used in various consumer and industrial end products. Substantially, all of the company's revenue is derived from product sales.

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