LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsÂAmericas; Olefins and PolyolefinsÂEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyolefins; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers. The company also produces and sells propylene oxide and its derivatives; oxyfuels and related products; and intermediate chemicals, such as styrene monomers, acetyls, ethylene glycols, and ethylene oxides and derivatives. In addition, it produces and markets compounds and solutions, such as polypropylene compounds, engineered plastics, masterbatches, engineered composites, colors, and powders; and advanced polymers. Further, the company refines crude oil and other crude oils of varied types and sources into gasoline, diesel, and jet fuel; develops and licenses chemical and polyolefin process technologies; and manufactures and sells polyolefin catalysts. LyondellBasell Industries N.V. was founded in 1955 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: lyondellbasell.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/1/2024 | Underperform | Wolfe Research | |
2/5/2024 | $95.00 → $100.00 | Neutral → Overweight | JP Morgan |
1/10/2024 | $105.00 | Buy → Hold | Deutsche Bank |
1/3/2024 | Hold → Buy | Vertical Research | |
12/13/2023 | $105.00 → $98.00 | Buy → Neutral | Citigroup |
10/18/2023 | $99.00 → $107.00 | Underperform → Neutral | BofA Securities |
10/4/2023 | $104.00 → $106.00 | Neutral → Buy | Citigroup |
10/3/2023 | Underweight → Sector Weight | KeyBanc Capital Markets | |
6/14/2023 | $89.00 | Neutral | Citigroup |
4/13/2023 | $113.00 → $90.00 | Buy → Hold | Jefferies |
Expands Company's Technology Portfolio and Circular Hub Acquisition increases LYB Circular and Low Carbon Solutions Business and diversification of innovative recycling technologiesTransaction encompasses existing assets and planned growth projectsROTTERDAM, Netherlands, Aug. 22, 2024 /PRNewswire/ -- LyondellBasell (LYB) today announced it entered into an agreement to acquire full ownership of APK AG in Merseburg, Germany. Enabled by its technology, the acquisition positions LYB to grow and upgrade its Circular and Low Carbon Solutions business. Closing of the transaction is subject to customary closing conditions. LYB believes APK's solvent-based recycling technology is a perfect fit with i
HOUSTON and LONDON, Aug. 16, 2024 /PRNewswire/ -- LyondellBasell (NYSE:LYB) today announced it has declared a dividend of $1.34 per share, to be paid to shareholders on Sept. 3, 2024, with an ex-dividend and record date of Aug. 26, 2024. About LyondellBasellWe are LyondellBasell (NYSE:LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market
HOUSTON and LONDON, Aug. 2, 2024 /PRNewswire/ -- Second Quarter 2024 Highlights Net income: $924 million, $734 million excluding identified items(a)Diluted earnings per share: $2.82 per share; $2.24 per share excluding identified itemsEBITDA: $1.6 billion, $1.4 billion excluding identified itemsCash from operating activities: $1.3 billionIncreased quarterly dividend by 7% to $1.34 per shareReturned $513 million to shareholders through dividends and share repurchasesTaking additional actions to grow and upgrade our core businessesCompleted divestment of Ethylene Oxide and Derivatives (EO&D) businessCompleted acquisition of 35% share in NATPET integrated polypropylene joint venture in Saudi A
HOUSTON and LONDON, July 19, 2024 /PRNewswire/ -- LyondellBasell (NYSE:LYB), a leader in the global chemical industry, will announce its second-quarter 2024 financial results before the U.S. market opens Friday, Aug. 2, followed by a webcast and teleconference to discuss the results at 11 a.m. EDT. Teleconference and webcast detailsFriday, Aug. 2, 202411 a.m. EDTHosted by David Kinney, head of investor relationsAccess the webcast 10 to 15 minutes prior to the start of the call at www.lyondellbasell.com/earnings. Toll-free teleconference dial-in numbersParticipant/Guest toll-free: 877-407-8029Participant/Guest toll: 201-689-8029Participant/Guest: CallMe link Presentation slidesPresentation s
HOUSTON and RIYADH, Saudi Arabia, May 30, 2024 /CNW/ -- LyondellBasell (LYB) and Alujain Corporation (Alujain) today announced completion of the acquisition of a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) by LYB from Alujain. The joint venture is enabled by LYB Spheripol polypropylene (PP) technology and positions LYB to profitably expand its core PP business by gaining access to advantaged feedstocks and additional product marketing volumes. "This investment in NATPET reflects our commitment to grow and upgrade our core businesses and strengthen our presence in Saudi Arabia through a new long-term partnership," said LYB CEO Peter Vanacker. "With ou
HOUSTON and RIYADH, Saudi Arabia, May 30, 2024 /PRNewswire/ -- LyondellBasell (LYB) and Alujain Corporation (Alujain) today announced completion of the acquisition of a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) by LYB from Alujain. The joint venture is enabled by LYB Spheripol polypropylene (PP) technology and positions LYB to profitably expand its core PP business by gaining access to advantaged feedstocks and additional product marketing volumes. "This investment in NATPET reflects our commitment to grow and upgrade our core businesses and strengthen our presence in Saudi Arabia through a new long-term partnership," said LYB CEO Peter Vanacker. "
HOUSTON and LONDON, May 24, 2024 /PRNewswire/ -- LyondellBasell (NYSE:LYB) today announced its board of directors has declared a quarterly dividend of $1.34 per share, representing a 7 percent increase over the company's first quarter 2024 dividend. The dividend will be paid to shareholders on June 10, 2024, with an ex-dividend and record date of June 3, 2024. "Today's 7 percent dividend increase reflects LyondellBasell's confidence in our ability to navigate dynamic markets, unlock value with our focused new strategy and grow shareholder returns," said LYB CEO Peter Vanacker. "The increased dividend will mark 2024 as our 14th consecutive year of annual dividend growth." About LyondellBasell
ROTTERDAM, Netherlands, May 16, 2024 /PRNewswire/ -- LyondellBasell, a global leader in the chemical industry, is proud to announce the establishment of a new distribution hub in Hungary for its polyolefins grades. This move is part of our ongoing commitment, also illustrated by the opening of the UK hub in November 2023, to enhancing the customer experience by placing inventories closer to our customers' facilities reducing lead times on orders. This distribution hub in Hungary is an important addition to the LyondellBasell global footprint. In addition to our existing distribution platforms, this new hub signifies a significant step forward in providing our customers with faster access to
HOUSTON and LONDON, May 8, 2024 /PRNewswire/ -- LyondellBasell today announced the formal launch of a strategic review of the European assets of its Olefins & Polyolefins and Intermediates & Derivatives business units. The assessment will evaluate the assets through the lens of the company's strategy to Grow & Upgrade the Core, Build a Profitable Circular and Low Carbon Solutions Business, and Step Up Performance & Culture. "At the 2023 Capital Markets Day, we stated our intent to concentrate our portfolio around businesses with long-lasting competitive advantage and to reinvest around those advantaged areas generating superior returns at meaningful scale," said Peter Vanacker, LyondellBasel
WESSELING, Germany, April 29, 2024 /PRNewswire/ -- LyondellBasell (LYB) has secured a location for an integrated plastic waste recycling hub south of an existing industrial park in Knapsack, Germany, signing a land lease agreement with YNCORIS GmbH & Co. KG. The hub is planned to combine various advanced sorting and recycling operations, helping to address the plastic waste challenge and grow the circular economy. The project will be developed in phases; the initial phase will see the construction of an advanced sorting facility that will process mixed plastic waste to produce feedstock for mechanical and advanced recycling. This mixed plastic waste is not recycled today and mostly sent to i
UBS analyst Joshua Spector maintains LyondellBasell Industries (NYSE:LYB) with a Neutral and lowers the price target from $106 to $101.
https://www.lyondellbasell.com/en/news-events/corporate--financial-news/lyondellbasell-expands-pp-compounding-production-in-china/
LyondellBasell (LYB) and Alujain Corporation (Alujain) today announced completion of the acquisition of a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) by LYB from Alujain.The joint venture is enabled by LYB Spheripol polypropylene (PP) technology and positions LYB to profitably expand its core PP business by gaining access to advantaged feedstocks and additional product marketing volumes.
The dividend will be paid to shareholders on June 10, 2024, with an ex-dividend and record date of June 3, 2024.
Barclays analyst Michael Leithead maintains LyondellBasell Industries (NYSE:LYB) with a Equal-Weight and raises the price target from $100 to $104.
Deutsche Bank analyst David Begleiter maintains LyondellBasell Industries (NYSE:LYB) with a Hold and raises the price target from $100 to $105.
BMO Capital analyst John McNulty maintains LyondellBasell Industries (NYSE:LYB) with a Market Perform and raises the price target from $99 to $105.
RBC Capital analyst Arun Viswanathan maintains LyondellBasell Industries (NYSE:LYB) with a Outperform and raises the price target from $107 to $113.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Mizuho raised the price target for LyondellBasell Industries N.V. (NYSE:LYB) from $98 to $108. Mizuho analyst Christopher Parkinson maintained a Neutral rating. LyondellBasell shares rose 2.5% to close at $102.13 on Friday. See how other analysts view this stock. Citigroup boosted the price target for Shopify Inc. (NYSE:SHOP) from $93 to $105. Citigroup analyst Tyler Radke upgraded the stock from Neutral to Buy. Shopify shares rose 1.1% to close at $71.33 on Friday. See how other analysts view this
10-Q - LyondellBasell Industries N.V. (0001489393) (Filer)
8-K - LyondellBasell Industries N.V. (0001489393) (Filer)
8-K - LyondellBasell Industries N.V. (0001489393) (Filer)
8-K - LyondellBasell Industries N.V. (0001489393) (Filer)
8-K - LyondellBasell Industries N.V. (0001489393) (Filer)
SD - LyondellBasell Industries N.V. (0001489393) (Filer)
10-Q - LyondellBasell Industries N.V. (0001489393) (Filer)
8-K - LyondellBasell Industries N.V. (0001489393) (Filer)
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4 - LyondellBasell Industries N.V. (0001489393) (Issuer)
4 - LyondellBasell Industries N.V. (0001489393) (Issuer)
4 - LyondellBasell Industries N.V. (0001489393) (Issuer)
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4 - LyondellBasell Industries N.V. (0001489393) (Issuer)
4 - LyondellBasell Industries N.V. (0001489393) (Issuer)
HOUSTON, March 29, 2022 /PRNewswire/ -- LyondellBasell (NYSE:LYB) today announced Peter Vanacker will assume his role as the company's chief executive officer on May 23, 2022. The Company's Board of Directors appointed Vanacker to the position in December 2021. "It is a real honor for me to join LyondellBasell at this very exciting time for our industry. LyondellBasell has a rich legacy as an innovation and technology leader and is recognized for its operational excellence and financial discipline," said Vanacker. "I am very inspired to continue this successful journey with a
Kenneth Lane, Executive Vice President, Global Olefins & Polyolefins, Will Serve as Interim CEO During Transition Period HOUSTON and LONDON, Dec. 13, 2021 /PRNewswire/ -- LyondellBasell (NYSE:LYB) today announced that the Board of Directors has appointed Peter Vanacker, President and CEO of Neste Corporation, as its new Chief Executive Officer. Mr. Vanacker succeeds Bhavesh V. "Bob" Patel, who will retire from the Company on December 31, 2021, as previously announced. Mr. Vanacker will assume his role no later than June 2022, upon satisfaction of the notice period under his current employment agreement, at which time he will also join the Company's Board of Directors. The Board also annou
HOUSTON and LONDON, Aug. 25, 2021 /PRNewswire/ -- LyondellBasell (NYSE:LYB) today announced that Chief Executive Officer Bhavesh V. (Bob) Patel intends to retire from the Company as of December 31, 2021. Mr. Patel will continue to lead the Company until that time and will ensure a smooth and orderly transition for his successor. Upon his departure, he will also resign from the Company's Board of Directors. The Board of Directors has established a sub-committee that will oversee the search for a new CEO and will consider both internal and external candidates. "Under Bob's leade
HOUSTON and ROTTERDAM, Netherlands, June 8, 2021 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced the publication of its 2020 sustainability report. The report highlights the company's efforts in the areas of ending plastic waste in the environment, helping to address climate change and supporting a thriving society. LyondellBasell's 2020 sustainability report highlights the company’s efforts in the areas of ending plastic waste in the environment, helping address climate change and supporting a thriving society. "Despite the challenges of 2020, our team made meaningful progress against our goals," said Bob Patel, CEO of LyondellBasell. "As a company we have t
HOUSTON and LONDON, Aug. 16, 2024 /PRNewswire/ -- LyondellBasell (NYSE:LYB) today announced it has declared a dividend of $1.34 per share, to be paid to shareholders on Sept. 3, 2024, with an ex-dividend and record date of Aug. 26, 2024. About LyondellBasellWe are LyondellBasell (NYSE:LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market
HOUSTON and LONDON, Aug. 2, 2024 /PRNewswire/ -- Second Quarter 2024 Highlights Net income: $924 million, $734 million excluding identified items(a)Diluted earnings per share: $2.82 per share; $2.24 per share excluding identified itemsEBITDA: $1.6 billion, $1.4 billion excluding identified itemsCash from operating activities: $1.3 billionIncreased quarterly dividend by 7% to $1.34 per shareReturned $513 million to shareholders through dividends and share repurchasesTaking additional actions to grow and upgrade our core businessesCompleted divestment of Ethylene Oxide and Derivatives (EO&D) businessCompleted acquisition of 35% share in NATPET integrated polypropylene joint venture in Saudi A
HOUSTON and LONDON, May 24, 2024 /PRNewswire/ -- LyondellBasell (NYSE:LYB) today announced its board of directors has declared a quarterly dividend of $1.34 per share, representing a 7 percent increase over the company's first quarter 2024 dividend. The dividend will be paid to shareholders on June 10, 2024, with an ex-dividend and record date of June 3, 2024. "Today's 7 percent dividend increase reflects LyondellBasell's confidence in our ability to navigate dynamic markets, unlock value with our focused new strategy and grow shareholder returns," said LYB CEO Peter Vanacker. "The increased dividend will mark 2024 as our 14th consecutive year of annual dividend growth." About LyondellBasell
HOUSTON and LONDON, April 26, 2024 /PRNewswire/ -- First Quarter 2024 Highlights Net Income: $473 million, $501 million excluding identified items(a)Diluted earnings per share: $1.44 per share; $1.53 per share excluding identified itemsEBITDA: $1.0 billion, $1.1 billion excluding identified itemsCash used by operating activities: $114 millionCash provided by operating activities of $4.3 billion over last 12 months resulting in 93% cash conversion(b)Returned $408 million in dividends to shareholdersComparisons with the prior quarter and first quarter 2023 are available in the following table: Table 1 - Earnings Summary Millions of U.S. dollars (except share data) Three Months Ended March 31
HOUSTON and LONDON, Feb. 23, 2024 /PRNewswire/ -- LyondellBasell today announced it has declared a dividend of $1.25 per share, to be paid March 11, 2024, to shareholders of record on March 4, 2024, with an ex-dividend date of March 1, 2024. About LyondellBasell We are LyondellBasell (NYSE:LYB) – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and m
HOUSTON, Feb. 20, 2024 /PRNewswire/ -- LyondellBasell (NYSE:LYB) today announced it has acquired mechanical recycling assets and properties containing rigid plastics recycling processing lines from PreZero, a global recycling leader and waste management service provider. The transaction includes leasing the processing facility in Jurupa Valley, Calif., which has a production capacity of approximately 50 million pounds per year for recycled materials. "This acquisition further strengthens our U.S. presence and will deliver value for our customers and plastic recycling rates in
HOUSTON and LONDON, Feb. 2, 2024 /PRNewswire/ -- Fourth Quarter 2023 Highlights Net Income: $185 million, $411 million excluding identified items(a)Diluted earnings per share: $0.56 per share, $1.26 per share excluding identified itemsEBITDA: $639 million, $910 million excluding identified itemsGenerated $1.5 billion of cash from operating activities resulting in 171% cash conversion(b)Returned $406 million in dividends to shareholdersTook final investment decision to build first commercial-scale catalytic advanced recycling plant utilizing LYB's proprietary MoReTec technologyAnnounced divestiture of Ethylene Oxide and Derivatives business for $700 millionSubsequent Event Entered agreement
HOUSTON and LONDON, Nov. 17, 2023 /PRNewswire/ -- LyondellBasell today announced it has declared a dividend of $1.25 per share, to be paid December 4, 2023, to shareholders of record on November 27, 2023, with an ex-dividend date of November 24, 2023. About LyondellBasell We are LyondellBasell (NYSE:LYB) – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufac
HOUSTON and LONDON, Aug. 18, 2023 /PRNewswire/ -- LyondellBasell today announced it has declared a dividend of $1.25 per share, to be paid September 5, 2023, to shareholders of record on August 28, 2023, with an ex-dividend date of August 25, 2023. About LyondellBasellWe are LyondellBasell (NYSE:LYB) – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture
HOUSTON and LONDON, Aug. 4, 2023 /PRNewswire/ -- Second Quarter 2023 Highlights Net Income: $715 million, $801 million excluding identified items(a)Diluted earnings per share: $2.18 per share; $2.44 per share excluding identified itemsEBITDA: $1.4 billion, $1.5 billion excluding identified itemsNet cash provided by operating activities: $1.3 billion; $4.8 billion over trailing 12 monthsIncreased 2023 target for Value Enhancement ProgramIncreased quarterly dividend by 5% to $1.25 per shareReturned $508 million to shareholders through dividends and share repurchasesExtending refining operations through no later than end of first quarter 2025Comparisons with the prior quarter and second quarte
Wolfe Research initiated coverage of LyondellBasell with a rating of Underperform
JP Morgan upgraded LyondellBasell from Neutral to Overweight and set a new price target of $100.00 from $95.00 previously
Deutsche Bank downgraded LyondellBasell from Buy to Hold and set a new price target of $105.00
Vertical Research upgraded LyondellBasell from Hold to Buy
Citigroup downgraded LyondellBasell from Buy to Neutral and set a new price target of $98.00 from $105.00 previously
BofA Securities upgraded LyondellBasell from Underperform to Neutral and set a new price target of $107.00 from $99.00 previously
Citigroup upgraded LyondellBasell from Neutral to Buy and set a new price target of $106.00 from $104.00 previously
KeyBanc Capital Markets upgraded LyondellBasell from Underweight to Sector Weight
Citigroup initiated coverage of LyondellBasell with a rating of Neutral and set a new price target of $89.00
Jefferies downgraded LyondellBasell from Buy to Hold and set a new price target of $90.00 from $113.00 previously
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