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LyondellBasell Industries N.V. - LYB STOCK NEWS

Welcome to our dedicated page for LyondellBasell Industries N.V. news (Ticker: LYB), a resource for investors and traders seeking the latest updates and insights on LyondellBasell Industries N.V. stock.

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.

News

LyondellBasell to Address J.P. Morgan 2024 Industrials Conference

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LyondellBasell's CEO, Peter Vanacker, will participate in a fireside chat at the J.P. Morgan 2024 Industrials Conference in New York City. The event will take place on March 13, 2024, at 9:30 a.m. EST. Investors can access the live webcast and presentation slides on the company's website. A replay will be available within 24 hours after the event.
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LyondellBasell Prices Public Offering of Guaranteed Notes

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LyondellBasell (LYB) announces a public offering of $750 million aggregate principal amount of 5.500% Guaranteed Notes due 2034 by its subsidiary. The Offering is expected to close on February 28, 2024, with net proceeds intended for general corporate purposes, including the repayment of existing senior notes. Citigroup Global Markets Inc. and Mizuho Securities USA LLC are the joint book-running managers for the Offering.
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LyondellBasell Announces Quarterly Dividend

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LyondellBasell declares a dividend of $1.25 per share, payable on March 11, 2024, to shareholders of record on March 4, 2024.
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LyondellBasell Acquires Mechanical Recycling Assets and Plans Operations in California

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LyondellBasell (LYB) acquires mechanical recycling assets from PreZero, expanding its U.S. presence and plastic recycling capabilities. The acquisition includes a processing facility in California with a production capacity of 50 million pounds per year. LYB plans to operate the plant to manufacture post-consumer recycled resins under its CirculenRecover brand, contributing to the circular economy and meeting customer demand for sustainable products.
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LyondellBasell Announces Executive Committee Changes

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LyondellBasell (LYB) announces executive committee changes with Kimberly Foley as EVP of Global Olefins & Polyolefins, Refining, and Supply Chain, and Aaron Ledet as EVP of Intermediates and Derivatives. The changes follow the departure of Ken Lane.
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LyondellBasell Reports 2023 Earnings

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LyondellBasell Industries (NYSE: LYB) reported fourth-quarter 2023 net income of $185 million, or $0.56 per share, and full-year 2023 net income of $2.1 billion, or $6.46 per share. The company also took final investment decision to build a catalytic advanced recycling plant and announced the divestiture of its Ethylene Oxide and Derivatives business. Despite challenges, the company delivered resilient results and is focused on a three-pillar strategy to create a more profitable and sustainable growth engine.
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LyondellBasell & MSI Technology, LLC Collaborate on Innovative Consumer Packaging

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LyondellBasell (NYSE: LYB) and MSI Technology, LLC have entered into an agreement for MSI Technology to serve the LyondellBasell Polybutene-1 (PB-1) resin line into consumer packaging applications for North America. This strategic fit aims to enhance offerings to customers in consumer packaging, utilizing the technical sales approach and specialty product portfolio of MSI Technology. LyondellBasell PB-1 resins are known for their broad seal-peel temperature range, consistent and reproducible peel performance, and good seal integrity, making them ideal for easy-open packaging and film modification.
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The Chemical Industry: What Investments Need To Be Made To Get to Net Zero? | LyondellBasell

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LyondellBasell's Senior Vice-President, Ronald Haddock, discusses the need for a significant sustainability transformation in the chemical industry. The company is focusing on reducing GHG emissions, increasing circularity, and meeting net-zero targets. Investments are required to achieve these objectives, balancing sustainability with shareholder expectations. The industry is influenced by mega trends like energy transitions, changes in consumer habits, and post-globalization trade flows.
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LyondellBasell Launches Petrothene T3XL7420: A Revolutionary Polymer Compound for Optimized Manufacturing

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LyondellBasell (LYB) has introduced a new flame-retardant compound, Petrothene T3XL7420, designed to optimize production line speeds and enhance manufacturing efficiency for wire producers in the automotive and appliance industries. The compound offers benefits such as enhanced cure kinetics, increased stiffness, and better barrier performance, making it an attractive option for wire producers. LyondellBasell expects Petrothene T3XL7420 to become the product of choice for a wide range of automotive and appliance wiring applications.
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LyondellBasell Advanced Recycling Project Selected for EU Innovation Fund Grant

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LyondellBasell (LYB) has been awarded a €40 million grant from the European Union (EU) Innovation Fund to support the development of a fully-electrified, industrial-scale advanced recycling demonstration plant in Wesseling, Germany. The MoReTec technology, which will be implemented in the plant, is an innovative process that converts polyolefin waste into pyrolysis oil and gas, contributing to the production of polymer and reducing CO2 emissions. The plant is expected to start operations in 2026 and will have an annual processing capacity equivalent to the plastic packaging waste generated by over 1.2 million German citizens per year. This grant is part of the EU's efforts to fund clean-tech projects and support decarbonization, with a total commitment of EUR 3.6 billion for innovative low-carbon technologies.
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FAQ

What is the current stock price of LyondellBasell Industries N.V. (LYB)?

The current stock price of LyondellBasell Industries N.V. (LYB) is $73.5 as of December 20, 2024.

What is the market cap of LyondellBasell Industries N.V. (LYB)?

The market cap of LyondellBasell Industries N.V. (LYB) is approximately 24.1B.

What does LyondellBasell Industries N.V. do?

LyondellBasell is one of the world’s largest plastics, chemicals, and refining companies, producing essential materials like ethylene, polyethylene, and polypropylene.

Where does LyondellBasell operate?

LyondellBasell operates across five continents with 55 manufacturing sites in 18 countries.

What are the main business segments of LyondellBasell?

The company’s business segments include Olefins and Polyolefins – Americas; Olefins and Polyolefins – Europe, Asia and International; Intermediates and Derivatives; Refining; and Technology.

What notable projects has LyondellBasell recently undertaken?

Recent projects include a new plastic waste recycling hub in Knapsack, Germany, and distribution hubs in the UK and Hungary to improve supply chain efficiency.

How did LyondellBasell perform financially in the first quarter of 2024?

LyondellBasell reported a net income of $473 million and an EBITDA of $1.0 billion for the first quarter of 2024.

What is LyondellBasell’s strategy for sustainability?

LyondellBasell focuses on enabling a circular and low carbon economy through advanced technology and strategic investments, aiming to produce over 2 million metric tons of recycled and renewable-based polymers annually by 2030.

Who are some of LyondellBasell’s key partners?

Key partners include Alujain Corporation for polypropylene production in Saudi Arabia and collaborations with brands like CORADIN and Dermalogica for sustainable packaging solutions.

What are CirculenRecover solutions?

CirculenRecover solutions from LyondellBasell involve producing polymers made from plastic waste through mechanical recycling processes, promoting circularity and sustainability in packaging.

How does LyondellBasell support its customers with logistics?

LyondellBasell has established new distribution hubs in the UK and Hungary to place inventories closer to customers' facilities, reducing lead times and enhancing service.

Where can I find more information about LyondellBasell’s financial performance and news?

For more information, you can visit the LyondellBasell website at www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

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LyondellBasell Industries N.V.

NYSE:LYB

LYB Rankings

#466 Ranked by Market Cap
#366 Ranked by Dividends

LYB Stock Data

24.08B
258.41M
20.29%
73.15%
1.36%
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Industrial Organic Chemicals
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