LyondellBasell Reports Third Quarter 2019 Earnings

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Go back to LyondellBasell Reports Third Quarter 2019 Earnings

LyondellBasell Industries (LYB) Tops Q3 EPS by 9c, Revenues Miss

November 1, 2019 6:34 AM EDT

LyondellBasell Industries (NYSE: LYB) reported Q3 EPS of $2.85, $0.09 better than the analyst estimate of $2.76. Revenue for the quarter came in at $8.72 billion versus the consensus estimate of $9.07 billion.

"LyondellBasell demonstrated resilient performance by achieving a third consecutive increase in quarterly earnings per share with its leading portfolio, advantaged global positions, and disciplined capital allocation. Strong margins for our North American ethylene and Oxyfuels & Related Products businesses were supported by abundant supplies of low-cost,... More