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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 fourth-quarter 2020 financial results before the U.S. market opens on January 29, 2021. A teleconference and webcast to discuss these results will take place at 11:00 a.m. EST. Hosted by David Kinney, Director of Investor Relations, the webcast can be accessed via www.lyondellbasell.com/earnings. Replay of the call will be available from 1:00 p.m. EST January 29 until February 28.
LyondellBasell (NYSE: LYB) has officially joined the United Nations Global Compact, emphasizing its commitment to sustainability. The initiative encourages companies to align with principles on human rights, labor, and anti-corruption. CEO Bob Patel highlighted the company's focus on reducing plastic waste and addressing climate change. In 2020, LyondellBasell set ambitious recycling targets and launched its MoReTec molecular recycling pilot in Italy. The company is also a founding member of the Alliance to End Plastic Waste, reflecting its dedication to eliminating environmental plastic waste.
LyondellBasell (NYSE: LYB) and SUEZ have expanded their Quality Circular Polymers (QCP) joint venture by acquiring TIVACO, a plastics recycling company in Belgium. This acquisition will enhance QCP's recycling capacity to approximately 55,000 tonnes per year. The move aligns with LyondellBasell's goal to produce 2 million tons of recycled and renewable polymers annually by 2030, contributing to sustainability in plastic production. The TIVACO facility adds to QCP's existing operations, which already process significant volumes of recycled materials for consumer products.
LyondellBasell (NYSE: LYB) announced that CEO Bob Patel will address investors at the Citi 2020 Basic Materials Virtual Conference on December 1 at 2:00 p.m. EST. The presentation will be accessible via a live webcast, with a replay available within 24 hours. LyondellBasell is among the world's largest plastics, chemicals, and refining companies, recognized for its products that tackle modern challenges such as food safety and environmental protection. The company was named one of Fortune Magazine's "World's Most Admired Companies" for the third consecutive year.
LyondellBasell (NYSE: LYB) has declared a quarterly dividend of $1.05 per share. This dividend will be paid on December 7, 2020, to shareholders who are on record as of November 30, 2020, with an ex-dividend date set for November 27, 2020. The announcement reinforces LyondellBasell’s commitment to returning value to shareholders and reflects its position as one of the largest plastics, chemicals, and refining companies globally.
LyondellBasell Industries (LYB) reported third-quarter 2020 net income of $114 million ($0.33 per share), significantly impacted by a $582 million impairment related to its Houston refinery. Adjusted net income, excluding this impairment and a $160 million LCM benefit, was $427 million ($1.27 per share). EBITDA for the quarter was $466 million, or $888 million when excluding impairments. The company also announced strong demand for polyethylene and a successful $3.9 billion bond issuance. Liquidity remained robust at $5.5 billion.
LyondellBasell (NYSE: LYB) will announce its third-quarter 2020 financial results on October 30, 2020, before market opening. A teleconference and webcast will follow at 11:00 a.m. EDT led by David Kinney, Director of Investor Relations. Participants can access the webcast starting 10-15 minutes prior through their website. Replay options will be available after the call until November 29, 2020. As one of the largest global plastics and chemicals companies, LyondellBasell is recognized for innovative solutions in modern challenges.
LyondellBasell Industries N.V. (NYSE: LYB) announced the pricing of a public offering totaling $3.5 billion in various guaranteed notes. The offering includes $650 million of Floating Rate Notes due 2023, $500 million of 1.250% Notes due 2025, $500 million of 2.250% Notes due 2030, $750 million of 3.375% Notes due 2040, $1 billion of 3.625% Notes due 2051, and $500 million of 3.800% Notes due 2060. Net proceeds will fund a joint venture with Sasol Chemicals, repay existing debts, and redeem senior notes. The offering is set to close on October 8, 2020.
LyondellBasell (NYSE: LYB), a major player in plastics and chemicals, announced a conference call scheduled for October 2, 2020, at 9:00 a.m. EDT to discuss its new joint venture with Sasol. Key executives, including CEO Bob Patel and CFO Michael McMurray, will be present. Investors can access the call via a dedicated webpage and toll-free numbers for various regions. A replay will be available from 11:00 a.m. EDT on the same day until December 2, 2020. LyondellBasell is recognized for its contributions to modern industrial challenges and was listed as one of the "World's Most Admired Companies."
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