111.02 0.00 (0.00%)
After hours: 6:15PM EDT
|Bid||105.00 x 900|
|Ask||113.30 x 900|
|Day's Range||109.36 - 111.75|
|52 Week Range||79.60 - 121.95|
|PE Ratio (TTM)||8.30|
|Earnings Date||Aug 3, 2018|
|Forward Dividend & Yield||4.00 (3.47%)|
|1y Target Est||117.45|
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.
Brazil's state-run oil company Petroleo Brasileiro said on Friday that if LyondellBasell Industries NV reaches an agreement to buy Odebrecht's stake in Petrochemical firm Braskem SA, it will analyze the ...
Plastic, chemicals and refining company LyondellBasell Industries NV has begun talks with the main shareholder of Brazilian petrochemical firm Braskem SA on a potential tie-up, the two companies said on Friday. The controlling shareholder, Brazilian construction firm Odebrecht SA, which has previously denied receiving a proposal from LyondellBaseel Industries NV, said in the statement it had entered exclusive talks with Lyondell.
ROTTERDAM, The Netherlands and SAO PAULO, June 15, 2018 /PRNewswire/ -- LyondellBasell, (LYB), one of the largest plastics, chemicals and refining companies in the world, and Odebrecht S.A., the controlling shareholder of Braskem (NYSE: BAK, B3: BRKM5, BRKM3), a leading plastic producer in the Americas, in a joint statement today announced the companies have entered into exclusive discussions regarding a potential transaction between LyondellBasell and Braskem. "Both LyondellBasell and Braskem share a strong culture of operational excellence and legacies of value-creating innovation.
Dutch chemicals group LyondellBasell is in talks with the controlling shareholder of Braskem over a potential deal with its Brazilian rival. The companies cautioned the talks were in their early stages and that there were no guarantees a deal could be reached. Odrebecht holds a 38.3 per cent stake in Braskem while Petrobras, the state controlled oil major, owns 36.1 per cent.
The project, through subsidiary Equistar Chemicals, could create at least 30 new jobs if the incentives are approved.
Under evaluation this morning are these four equities: LyondellBasell Industries N.V. (NYSE: LYB), Methanex Corp. (NASDAQ: MEOH), Olin Corp. (NYSE: OLN), and Orion Engineered Carbons S.A. (NYSE: OEC). London, the UK-based LyondellBasell Industries N.V.'s stock finished Wednesday's session 1.82% lower at $115.53 with a total trading volume of 1.37 million shares.
On June 4, LyondellBasell (LYB) announced Purell EP370S, which is a polypropylene heterophasic copolymer. According to the company, this material “allows for the energy efficient production of healthcare articles such as pharmaceutical packaging, labware, medical caps & closures and medical containers. Compared with other PP grades, Purell EP370S maintains its excellent toughness and physical properties at lower conversion temperatures. The high flowability enables also shorter cycle times.”
Forecast-topping earnings performance, upbeat outlook and strong prospects stemming from the planned acquisition of A. Schulman have contributed to the rally in LyondellBasell's (LYB) shares.
Assessing LyondellBasell Industries NV.’s (NYSE:LYB) past track record of performance is an insightful exercise for investors. It allows us to reflect on whether or not the company has met orRead More...
LyondellBasell (LYB) receives a nod from its shareholders to repurchase up to 10% of its shares through open market or privately negotiated transactions.
A lawyer tapped to lead a task force at the Environmental Protection Agency overseeing cleanups at the nation’s most polluted places worked until recently for a top chemical and plastics manufacturer with a troubled legacy of creating some of those toxic sites. EPA records show that LyondellBasell and its subsidiaries are listed as being potentially responsible for at least three dozen Superfund polluted sites.
A lawyer tapped to lead a task force at the Environmental Protection Agency overseeing cleanups at the nation's most polluted places worked until recently for a top chemical and plastics manufacturer with a troubled legacy of creating some of those toxic sites. Steven D. Cook has been named as the new chair of the Superfund Task Force, which EPA Administrator Scott Pruitt created last year to revamp how the agency oversees cleanups at the more than 1,300 toxic sites. Before beginning work in February as deputy assistant administrator for EPA's Office of Land and Emergency Management, Cook served more than 20 years as in-house corporate counsel for LyondellBasell Industries — one of the world's largest plastics, chemicals and refining companies.
HOUSTON, and LONDON, June 1, 2018 /PRNewswire/ -- LyondellBasell (LYB), today announced that it has declared a dividend of $1.00 per share, to be paid June 18, 2018 to shareholders of record June 11, 2018, with an ex-dividend date of June 8, 2018. The company also announced that at its Annual General Meeting on June 1, 2018, shareholders approved the amendments to its Articles of Association that implement the transition from a dual board structure to a unitary board of directors. In connection with this transition, each of the director nominees, including Bob Patel, the Chief Executive Officer, was elected to serve on the unitary board.
In comparison, Monsanto (MON), LyondellBasell (LYB), and Eastman Chemical (EMN) have gained 9.1%, 1.0%, and 12.5%, respectively. There have been volatile market conditions, prevailing geopolitical tensions, and the impact of proposed tariffs by China on US exports. DowDuPont is one of the companies that would be impacted negatively by the tariffs.
On May 23, Celanese announced that it will be increasing the prices of a few acetyl intermediates products. The price increase will be effective on June 1 or as the contract allows. The price increase will be in the EMEA (Europe, Middle East, and Africa), US and Canada, and Mexico and South American regions. Celanese has increased the prices of acetyl intermediates ten times in 2018.
On May 22, LyondellBasell got approval for the A. Schulman (SHLM) acquisition from the Chinese State Administration of Market Regulation. LyondellBasell already received approval from antitrust regulators in the United States, Brazil, Serbia, and Turkey. The acquisition is expected to be completed in the second half of 2018.