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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.

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LyondellBasell to host MoReTec Technology Webinar on September 26, showcasing their advanced recycling technology for converting plastic waste into polymer feedstock. This technology is part of the company's strategy to become a leader in circular and low carbon solutions.
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LyondellBasell declares dividend of $1.25 per share
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LyondellBasell (LYB) recognized as 2023 Global Company of the Year in Medical Plastics Industry by Frost & Sullivan for its leading position, extensive product line, and focus on sustainable solutions. The company's Purell product line offers over 30 grades of polyolefins for medical applications, with a strong emphasis on continuous product development and global distribution strategy.
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LyondellBasell Industries (NYSE: LYB) reported a net income of $715 million in the second quarter of 2023, with diluted earnings per share at $2.18. EBITDA was $1.4 billion, and the company increased its quarterly dividend by 5% to $1.25 per share. Despite identified items impacting earnings, the company's financial performance showed improvement compared to the previous quarter and the same period in 2022.
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LyondellBasell has completed the acquisition of Mepol Group, a manufacturer of recycled, high-performing technical compounds located in Italy and Poland. The acquisition is aligned with LyondellBasell's commitment to a circular economy. LyondellBasell's APS segment produces compounding solutions and is a global leader in the industry. The company aims to produce and market at least 2 million metric tons of polymers from recycled or renewable-based sources annually by 2030.
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LyondellBasell (NYSE:LYB) Receives AA Rating in MSCI ESG Ratings Assessment, Reflecting Improved ESG Practices and Carbon Mitigation Efforts
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LyondellBasell, a global leader in the chemistry industry, will announce its Q2 2023 financial results on August 4. A webcast and teleconference will be held at 11:00 a.m. EDT to discuss the results.
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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.

LyondellBasell Industries N.V.

NYSE:LYB

LYB Rankings

LYB Stock Data

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