While the top- and bottom-line numbers for LyondellBasell (LYB) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
LyondellBasell Industries N.V. (NYSE:LYB ) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Corporate Participants David Kinney - Head, IR Peter Vanacker - Chief Executive Officer Michael McMurray - Chief Financial Officer Kim Foley - EVP, Intermediates, Derivatives & Refining Aaron Ledet - EVP, Intermediates and Derivatives Torkel Rhenman - EVP, Advanced Polymer Solutions Conference Call Participants Steve Byrne - Bank of America Matthew Blair - TPH Frank Mitsch - Fermium Research John Roberts - Mizuho Securities David Begleiter - Deutsche Bank Kevin McCarthy - Vertical Research Partners Chris Perrella - UBS Hassan Ahmed - Alembic Global Vincent Andrews - Morgan Stanley Operator Hello and welcome to the LyondellBasell Teleconference.
Sales of LyondellBasell (LYB) in Q2 increase due to higher production and improved seasonal demand.
LyondellBasell (LYB) came out with quarterly earnings of $2.24 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $2.44 per share a year ago.
Petrochemical manufacturer LyondellBasell on Friday edged past Wall Street estimates for second-quarter profit and said it expects margins to continue to benefit from lower feedstock prices in the third quarter.
LyondellBasell (LYB) is expected to have benefited from increased seasonal demand and lower energy costs in key regions in Q2.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for LyondellBasell (LYB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
LyondellBasell (LYB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The start-up of the new production line marks another milestone in LyondellBasell's (LYB) ongoing commitment to the China market.
LyondellBasell (LYB) acquires a 35% stake in NATPET from Alujain, boosting its PP business and Saudi presence with plans for a new propylene facility.
LyondellBasell (LYB), through this partnership, can contribute to the elimination of plastic waste in the environment and the development of solutions for everyday sustainable living.
With this hike, LyondellBasell (LYB) will increase its dividend for the 14th consecutive year in 2024.