111.95 0.00 (0.00%)
After hours: 4:34PM EDT
|Bid||106.00 x 800|
|Ask||0.00 x 800|
|Day's Range||111.51 - 112.66|
|52 Week Range||85.35 - 121.95|
|PE Ratio (TTM)||8.37|
|Earnings Date||Oct 30, 2018|
|Forward Dividend & Yield||4.00 (3.68%)|
|1y Target Est||119.90|
Aug.16 -- Bloomberg's Alix Steel talks to LyondellBasell Industries Chief Executive Officer Bob Patel about how much his company stands to benefit from the new IMO rules.
Bloomberg's Alix Steel talks to LyondellBasell Industries Chief Executive Officer Bob Patel about how much his company stands to benefit from the new IMO rules. (Source: Bloomberg)
Petroleo Brasileiro SA may abandon a plan to sell shares in Braskem SA, and could even double its stake in the petrochemical company it views as a natural hedge for oil prices. Petrobras, as the Rio de Janeiro-based company is known, is reassessing its petrochemicals strategy after having put its $4.3 billion-real ($1.1 billion) stake in Braskem up for sale in 2016 as part of a wider divestment plan, Chief Financial Officer Rafael Grisolia said in an interview. Asset sales are less urgent for Petrobras thanks to higher oil prices, cost cuts and success at reducing debt, Grisolia said, adding that the company will meet its leverage targets for 2018 even if its planned sales don’t materialize.
International Flavors & Fragrances’ (IFF) Flavors segment saw a fall in its contribution to the company’s overall revenue by 0.2 percentage points in the second quarter. The growth in the segment’s revenue was driven primarily by price increases and higher volume growth across all its categories and regions. The segment reported a net profit of $109.6 million in the second quarter, a rise of 13.2% YoY.
Albemarle’s (ALB) Catalysts segment accounted for 33.4% of ALB’s total revenues in Q2 2018 compared to 35% in Q2 2017, a decrease of 1.6 percentage points on a YoY (year-over-year) basis. This segment was formed by merging the company’s Refining Solutions and PCS businesses.
International Flavors & Fragrances’ (IFF) Fragrances segment is a major revenue contributor to IFF’s overall revenue. The Fragrances segment reported revenue of $469.47 million in the second quarter, an increase of 9.5% on a YoY basis. The segment’s revenue growth was driven by solid growth across all of its businesses and geographical regions.
Albemarle’s (ALB) Bromine Specialties segment accounted for 25.8% of the company’s total revenues in Q2 2018 compared to 27.7% in Q2 2017, which implies a decline of 1.9 percentage points on a YoY (year-over-year) basis. The segment reported revenues of $220.51 million in Q2 2018, a rise of 8.1% on a YoY basis. In Q2 2017, the segment reported revenues of $203.94 million.
Wall Street had been expecting a tumble in the price of polyethylene, a plastic used to make shopping bags, car bumpers, and much more. “We were saying the downturn would be shallow and short compared with what investors were expecting,” Bhavesh “Bob” Patel, CEO of LyondellBasell Industries, one of the largest producers of the important petrochemical, told Barron’s during a recent meeting in New York. “Now, the downturn looks unlikely to happen.” That’s excellent news for LyondellBasell (LYB), whose shares have returned 52%, about 10 percentage points more than the S&P 500 index, since we recommended them two years ago.
Bloomberg's Alix Steel talks to LyondellBasell Industries Chief Executive Officer Bob Patel about the company's M&A plans, the challenges of growing the company and margins. (Source: Bloomberg)
Bob Patel, chairman and chief executive officer at LyondellBasell Industries NV, discusses the potential long-term impact of trade on the petrochemical industry. He speaks with Bloomberg's Alix Steel. ...
DowDuPont’s (DWDP) Agriculture segment accounted for 23.6% of DWDP’s Q2 2018 revenues compared to 22.2% in Q2 2017 on a pro forma basis. This segment reported revenues of $5.73 billion in Q2 2018, an increase of 24.7% on a year-over-year basis. In Q2 2017, the segment reported revenue of $4.6 billion.
DowDuPont (DWDP) reported Q2 2018 revenues of $24.24 billion, an increase of 17.0% over its pro forma revenues of $20.7 billion in Q2 2017. Analysts expected DWDP to report revenues of ~$23.59 billion. The company’s revenues are reported on a continuing operations basis. It should be noted that Dow Chemical and DuPont made several significant divestitures to facilitate the merger.
LyondellBasell (LYB) reported second-quarter revenue of $10.20 billion today, reflecting a rise of 21.5% YoY (year-over-year). LYB reported revenue of $8.40 billion in the second quarter of 2017. Its revenue growth was driven by higher volumes and improved prices.
LyondellBasell (LYB) delivered earnings and revenue surprises of 15.17% and 12.02%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
Among the companies with shares expected to trade actively in Friday's session are American International Group, CBS, Kraft Heinz, Take-Two Interactive and Dish Network.
NEW YORK, NY / ACCESSWIRE / August 3, 2018 / LyondellBasell Industries NV (NYSE: LYB ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 3, 2018 at 11:00 AM Eastern ...
LyondellBasell's (LYB) adjusted earnings came in at $3.34 per share for the second quarter, surpassing the Zacks Consensus Estimate of $2.90.
On a per-share basis, the Houston-based company said it had net income of $4.22. Earnings, adjusted for pretax gains, were $3.34 per share. The results surpassed Wall Street expectations. The average estimate ...
HOUSTON and LONDON , Aug. 3, 2018 /PRNewswire/ -- Second Quarter 2018 Highlights Diluted earnings per share: $4.22 per share Net Income: $1.7 billion EBITDA: $2.0 billion Record quarterly EBITDA for our ...