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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 Discuss Fourth Quarter Results on Friday, February 2, 2024

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LyondellBasell, a global chemical industry leader, is set to announce its Q4 2023 financial results on February 2, 2024. The results will be followed by a webcast and teleconference hosted by David Kinney, Head of Investor Relations. Access to presentation slides and a replay of the call will also be available.
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LyondellBasell Edges Closer to Meeting Its 2030 Renewable Energy Target

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LyondellBasell (NYSE: LYB) has signed two new Power Purchase Agreements (PPA) in the United States, bringing the company's total procured renewable electricity to 1,366 megawatts (MW), representing 89% of its goal to procure a minimum of 50% of its electricity from renewable sources. The agreements are expected to accelerate the development of clean energy and shift to the use of low-carbon energy at the company's sites. The company aims to reduce its scope 1 and 2 greenhouse gas emissions, with renewable electricity being a crucial component of its pathway to net-zero emissions by 2050.
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LYB Enters into Agreement to Acquire 35% of Saudi Arabia-based NATPET; Expands Core PP Business

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LyondellBasell (LYB) has entered into an agreement to acquire a 35% interest in National Petrochemical Industrial Company (NATPET) from Alujain Corporation for approximately $500 million. The joint venture will provide LYB access to advantaged feedstocks and additional product marketing capacity in a strategic region. The transaction also includes potential construction of a new propylene via propane dehydrogenation (PDH) and PP facility at the NATPET site, subject to a final investment decision. The investment reflects LYB's strategy of growing and upgrading its core assets and businesses with lasting advantages.
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LyondellBasell edges closer to meeting its 2030 renewable energy target

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LyondellBasell (NYSE: LYB) signs new Power Purchase Agreements to procure 1,366 MW of renewable electricity, representing 89% of its goal to procure a minimum of 50% of its electricity from renewable sources.
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LyondellBasell Announces Sale of Ethylene Oxide & Derivatives Business and Production Facility to INEOS

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LyondellBasell (LYB) has agreed to sell its Ethylene Oxide & Derivatives (EO&D) business and production facility in Bayport, Texas to INEOS Oxide for $700 million. The transaction is expected to close in the second quarter of 2024 and is subject to regulatory and other customary closing conditions. This move aligns with LyondellBasell's strategy of focusing on core businesses and creating value through strategic decisions.
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LyondellBasell CEO Peter Vanacker Speaks With Bloomberg TV on Global Demand, COP28

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LyondellBasell (LYB) CEO Peter Vanacker discusses global chemicals and plastics demand on Bloomberg TV, addressing the company's outlook for the industry.
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LyondellBasell to Address Citi Basic Materials Conference

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LyondellBasell (LYB) Announces CFO Michael McMurray's Participation in Citi Basic Materials Conference
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/C O R R E C T I O N -- Lyondell Chemical Company/

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LyondellBasell (LYB) to Address Citi Basic Materials Conference on November 28, 2023. Michael McMurray, EVP and CFO, will participate in a fireside chat at 9:30 a.m. EST. The event will be webcasted and presentation slides will be accessible for replay.
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LyondellBasell to Build Industrial-scale Advanced Recycling Plant in Germany

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LyondellBasell (LYB) has announced the final investment decision to build the company's first industrial-scale catalytic advanced recycling demonstration plant in Wesseling, Germany. The plant will utilize LyondellBasell's proprietary MoReTec technology to convert post-consumer plastic waste into feedstock for new plastic materials, with a net zero GHG emissions target. The plant is expected to have an annual capacity of 50,000 tonnes and will be completed by the end of 2025.
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LyondellBasell Announces Quarterly Dividend

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LyondellBasell (LYB) declares a dividend of $1.25 per share, to be paid on December 4, 2023, to shareholders of record on November 27, 2023, with an ex-dividend date of November 24, 2023. The announcement indicates the company's commitment to rewarding shareholders and providing a steady income stream. This news is significant for investors seeking stable returns and may impact the stock's attractiveness for income-focused investors.
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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%
Specialty Chemicals
Industrial Organic Chemicals
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