LyondellBasell Industries: Q2 Earnings 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
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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