108.11 0.00 (0.00%)
After hours: 6:58PM EDT
|Bid||100.00 x 1100|
|Ask||0.00 x 1100|
|Day's Range||106.29 - 108.39|
|52 Week Range||84.95 - 121.95|
|PE Ratio (TTM)||8.08|
|Earnings Date||Aug 3, 2018|
|Forward Dividend & Yield||4.00 (3.68%)|
|1y Target Est||117.18|
On June 9, LyondellBasell (LYB) announced that it would be providing its leading polypropylene (or PP) and low-density polyethylene (or LPDE) technologies to Indonesia-based PT Chandra Asri Perkasa. These technologies will be used in its two plants that will be constructed in the second petrochemical complex in Cilegon, Indonesia.
The Zacks Analyst Blog Highlights: Methanex, Eastman Chemical, Celanese and LyondellBasell Industries
The chemical industry continues its positive run this year on the back of healthy demand across automotive and construction end-markets, a recovery in demand for chemicals in the energy market supported by a rebound in oil prices and an upturn in the world economy. The underlying trends in the housing space remain healthy, backed by strong economic growth, steady buyer demand, declining mortgage rates, high homebuilders’ confidence and strong job market scenario. A Rebound in Energy: Improving fundamentals in the energy space — a key market for chemicals — has been a major tailwind for the chemical industry.
Short interest is extremely low for LYB with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting LYB. ETFs that hold LYB had net inflows of $2.64 billion over the last one-month.
Barrick Gold's (ABX) latest deal with Shandong Gold will enable the companies to jointly explore opportunities and boost long-term value.
Forecast-topping Q1 results and buoyant outlook for its U.S. Iron Ore business have contributed to the rally in Cleveland-Cliffs' (CLF) stock.
Odebrecht SA is set to agree on the sale of its controlling stake in petrochemical firm Braskem SA to LyondellBasell Industries NV by mid-October, newspaper Valor Econômico reported on Tuesday. By then, state-controlled oil company Petróleo Brasileiro SA will decide whether to include its own stake in Braskem in the deal, clearing the way for the transaction to be submitted to regulators, according to Valor. Odebrecht owns 50.1 percent of Braskem's voting capital.
The chemical industry trade group said that the Global Chemical Production Regional Index (CPRI) rose 0.9% in May on a monthly comparison basis, an improvement from a 0.4% gain in April. The gains in chemical production in the second quarter also marks a turnaround from a decline in output through the first quarter. The Global CPRI, which is measured using a three-month moving average, measures chemical production volumes for 33 major nations, sub-regions and regions.
As the chemical industry's upturn is expected to continue, it will be a prudent idea to zero in on these stocks with compelling growth prospects.
HOUSTON and LONDON, June 27, 2018 /PRNewswire/ -- LyondellBasell (LYB), one of the largest plastics, chemicals and refining companies in the world, today announced that it has received antitrust clearance from the European Commission for its pending acquisition of A. Schulman, Inc. (SHLM). The European Commission's clearance for the transaction satisfies one of the conditions for the closing of the pending acquisition, which remains subject to other customary closing conditions, including the receipt of other required regulatory clearances and approvals. Shareholders of A. Schulman voted in favor of the transaction on June 14.
HOUSTON and HONG KONG, June 25, 2018 /PRNewswire/ -- PolyMirae Company Ltd. announced today that it would establish a joint venture with SK Advanced in South Korea. The joint venture intends to build a new 400,000 ton/year polypropylene plant to serve customers in Asia. PolyMirae is a joint venture 50 percent owned by LyondellBasell (LYB), one of the largest plastics, chemicals and refining companies in the world, and 50 percent owned by Daelim, a construction and petrochemical company in South Korea.
This analysis is intended to introduce important early concepts to people who are starting to invest and looking to gauge the potential return on investment in LyondellBasell Industries NV (NYSE:LYB).Read More...
On June 15, LyondellBasell (LYB) said that it’s in talks with Odebrecht for a potential deal to acquire the controlling stake of Braskem (BAK). Currently, Odebrecht holds the controlling stake in Braskem. A few days ago, Braskem said that it isn’t engaged with LyondellBasell about the potential takeover.
Chemical companies LyondellBasell Industries NV and Braskem SA said Friday that they have entered into exclusive talks regarding a potential merger. In October, The Wall Street Journal reported that Lyondell had made a takeover approach to Braskem, a petrochemical giant and that the sides were in preliminary talks. The talks have been complex given Braskem’s ownership structure.
(Updates prices) By Bruno Federowski BRASILIA, June 15 (Reuters) - The Brazilian currency led gains in Latin American on Friday after the central bank announced it will extend a currency intervention plan while the Argentine peso slumped to a record low after the resignation of its central bank president. The real firmed 2.15 percent, clawing back some of its 2.7 percent drop the previous day, the currency's worst one-day percentage drop since May 2017. The real is down about 11 percent so far this year, the second-worst performing currency in the region behind the Argentine peso, which slumped to a new all-time low against the dollar on Friday after the resignation of Central Bank President Federico Sturzenegger.
Stocks that moved substantially or traded heavily Friday: Boeing Co., down $4.54 to $357.88 Industrial company stock fell after the U.S. announced tariffs on $50 billion in Chinese imports and China vowed ...
LyondellBasell Industries NV (LYB.N) and Odebrecht SA, the controlling owner of petrochemicals producer Braskem, said on Friday they have entered into exclusive talks for Lyondell to acquire control of Braskem, and two people familiar with the matter said the companies are planning a cash and shares deal that could top $9 billion (£6.7 billion). LyondellBasell and Odebrecht expect to reach a final deal in two months, but there is no deadline yet for LyondellBasell to deliver a binding proposal, the sources said, speaking on condition of anonymity because they are not authorized to discuss the terms publicly.
LyondellBasell Industries NV and Odebrecht SA, the controlling owner of petrochemicals producer Braskem, said on Friday they have entered into exclusive talks for Lyondell to acquire control of Braskem, and two people familiar with the matter said the companies are planning a cash and shares deal that could top $9 billion. LyondellBasell and Odebrecht expect to reach a final deal in two months, but there is no deadline yet for LyondellBasell to deliver a binding proposal, the sources said, speaking on condition of anonymity because they are not authorized to discuss the terms publicly.
LyondellBasell Industries NV (NYSE: LYB) is officially in talks “regarding a potential transaction” with Brazil-based Braskem SA (NYSE: BAK), a major petrochemical company with operations in the Houston area, according to a June 15 press release. Last October, reports surfaced that LyondellBasell approached Braskem about a takeover. “Braskem's board of directors and management have been informed of the existence of these discussions.