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LyondellBasell Industries N.V. Class A (NYSE: LYB) is one of the world’s largest plastics, chemicals, and refining companies, and a member of the S&P 500 index. With operations spanning five continents, the company is a major global manufacturer of essential chemicals and materials such as ethylene, polyethylene, propylene, polypropylene, propylene oxide, oxygenated fuels, and acetyls. Additionally, LyondellBasell is a significant producer of gasoline, diesel, and gasoline blending components.
The company's products play a crucial role in enhancing the quality of life globally, being integral to the manufacturing of packaging, electronics, automotive parts, home furnishings, medical supplies, construction materials, and biofuels. Operating from 55 sites in 18 countries, LyondellBasell's business is segmented into five areas: Olefins and Polyolefins – Americas; Olefins and Polyolefins – Europe, Asia and International; Intermediates and Derivatives; Refining; and Technology.
Recent achievements include the strategic review of its European assets to align with the company's core growth strategy and enhance its Circular & Low Carbon Solutions (CLCS) business. LyondellBasell has been expanding its recycling operations with the establishment of a new plastic waste recycling hub in Knapsack, Germany, and new distribution hubs in the UK and Hungary to reduce lead times and improve supply chain efficiency.
Financially, LyondellBasell reported a net income of $473 million for the first quarter of 2024, with an EBITDA of $1.0 billion. The company has a disciplined capital allocation strategy, investing in capital expenditures, returning dividends to shareholders, and maintaining substantial liquidity.
Key partnerships and projects include a joint venture with Alujain Corporation for polypropylene production in Saudi Arabia, leveraging advanced technologies to expand its polypropylene business. Moreover, the company collaborates with brands like CORADIN and Dermalogica to integrate sustainable solutions into consumer products.
LyondellBasell remains committed to driving innovation in the chemical industry, focusing on sustainability and creating value for customers and investors through advanced technology and strategic investments.
LyondellBasell (NYSE: LYB) will announce its second-quarter 2021 financial results on July 30, 2021, before market opens. A teleconference, hosted by David Kinney, will follow at 11:00 a.m. EDT to discuss the results. Presentation slides will be available during the call, and a replay of the call can be accessed from 1:00 p.m. EDT on July 30 through August 30, 2021. The company, a leading producer in the plastics and chemicals sector, continues to advance solutions for modern challenges and has been recognized on FORTUNE Magazine's list of the 'World's Most Admired Companies'.
LyondellBasell (NYSE: LYB) announced a quarterly dividend increase of $1.13 per share, marking a 7.6% rise from the previous quarter. This dividend will be paid on June 14, 2021, to shareholders on record as of June 7, 2021, with an ex-dividend date set for June 4, 2021. CEO Bob Patel emphasized the company's strategic investments that have strengthened earnings and expressed confidence in delivering consistent returns to shareholders, aiming for 11 consecutive years of annual dividend growth.
LyondellBasell (NYSE: LYB) announced that CEO Bob Patel will participate in a virtual fireside chat at the Goldman Sachs Industrials Conference on May 13, 2021, at 9:40 a.m. EDT. This event will be accessible via a live webcast, with a replay available within 24 hours. LyondellBasell is a leading producer in plastics and chemicals, known for its innovative solutions in diverse applications such as food safety and water supply protection. The company has been recognized on FORTUNE Magazine's list of the 'World's Most Admired Companies' for four consecutive years.
LyondellBasell (NYSE: LYB) advances the circular economy by initiating commercial production of virgin quality polymers from plastic waste at its Wesseling, Germany facility. This innovation transforms plastic waste into ethylene and propylene, used to create polypropylene and polyethylene. The company aims to reduce CO2 emissions by 15% per ton by 2030 and produce two million metric tons of recycled or renewable polymers annually. Additionally, a pilot plant in Italy is developing molecular recycling technology, complementing their mechanical recycling efforts under the Circulen brand.
LyondellBasell Industries reported a strong performance for Q1 2021 with a net income of $1.1 billion and diluted earnings per share of $3.18. The company's EBITDA reached $1.6 billion, marking the highest quarterly results for both O&P-Americas since 2015 and O&P-EAI since 2018. Key drivers included strong consumer demand and tight markets leading to margin improvements. The Louisiana joint venture contributed $130 million in EBITDA. The company has also repaid $1 billion in debt year-to-date, focusing on strengthening its investment-grade balance sheet.
LyondellBasell (NYSE: LYB) will announce its first-quarter 2021 financial results on April 30, 2021, before the U.S. market opens. A webcast and teleconference discussing the results will take place at 11:00 a.m. EDT, hosted by David Kinney, Head of Investor Relations. Toll-free numbers for participation are provided for different countries. A replay will be available from 1:00 p.m. EDT April 30 until May 31, 2021. LyondellBasell is a leading producer in the plastics and chemicals sector, recognized for its contributions to advancing modern solutions.
LyondellBasell (NYSE: LYB) announced the launch of the Circulen product suite aimed at enhancing sustainability in consumer products. This initiative is part of its goal to produce 2 million metric tons of recycled and renewable-based polymers annually by 2030. The Circulen portfolio includes three categories: Circulen Recover, Circulen Revive, and Circulen Renew, which utilize recycled and renewable materials. The products are currently available in Europe and will expand to North America and China.
LyondellBasell (NYSE: LYB) has nominated Anthony Chase and Robert Dudley to its board of directors for election at the annual general meeting on May 28, 2021. Chase, CEO of ChaseSource, L.P., brings an entrepreneurial mindset and executive experience, while Dudley, former BP CEO, offers extensive expertise in the energy sector. The company thanked retiring director Bella Goren for her seven years of service. LyondellBasell, a major player in plastics and chemicals, continues to focus on building a diverse board to enhance strategic decision-making.
LyondellBasell (NYSE: LYB) announced that CEO Bob Patel will participate in a virtual fireside chat at the JP Morgan 2021 Industrials Conference on March 16 at 2 p.m. EDT. The event will include a live webcast, accessible via their investor events page, with a replay available afterward. LyondellBasell is a leading global producer of plastics, chemicals, and refining products, recognized for its innovative solutions in food safety, water purity, and automotive efficiency. The company has been named to FORTUNE Magazine's 'World's Most Admired Companies' list for four consecutive years.
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