LyondellBasell Industries (LYB) Tops Q1 EPS by 9c

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Go back to LyondellBasell Industries (LYB) Tops Q1 EPS by 9c

LyondellBasell Reports First-Quarter 2016 Earnings

April 22, 2016 7:00 AM EDT

HOUSTON and LONDON, April 22, 2016 /PRNewswire/ --

First Quarter 2016 Highlights

Income from continuing operations: $1.0 billion ($1.1 billion excluding LCM1) Diluted earnings per share: $2.37 per share ($2.48 per share excluding LCM) EBITDA: $1.8 billion ($1.9 billion excluding LCM) Share repurchases and dividends totaled $1.3 billion; repurchased 12.3 million shares during the first quarter, approximately 3% of the outstanding shares Sold Argentine subsidiary Petroken for $184 million for an after tax gain of $78 million Issued 750 million of six-year bonds with coupon rate of 1.875%

Comparisons with the prior quarter and first quarter 2015 are available in the following... More