LyondellBasell Industries (LYB) Tops Q1 EPS by 59c, Revenues Miss
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LyondellBasell Reports First Quarter 2021 Earnings
April 30, 2021 6:30 AM EDTHOUSTON and LONDON, April 30, 2021 /PRNewswire/ --
First Quarter 2021 Highlights
Strong demand and tight markets drove margin improvements Net Income: $1.1 billion Diluted earnings per share: $3.18 per share EBITDA: $1.6 billion; Highest quarterly EBITDA for O&P-Americas since 2015 and O&P-EAI since 2018 Repaid $500 million of debt in January Newly-formed Louisiana joint venture contributed $130 million in EBITDA Finalized agreement to form a propylene oxide joint venture in China with Sinopec Launched Circulen suite of polymers enabling customers to improve the sustainability of... More