Benzinga | Oct 30, 2020 07:13AM EDT

Recap: LyondellBasell Industries Q3 Earnings



Shares of LyondellBasell Industries (NYSE:LYB) decreased 0.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 51.15% year over year to $1.27, which beat the estimate of $1.12.

Revenue of $6,776,000,000 decreased by 22.31% year over year, which beat the estimate of $6,730,000,000.

Outlook

LyondellBasell Industries hasn't issued any earnings guidance for the time being.

LyondellBasell Industries hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Oct 30, 2020

Time: 11:00 AM

ET Webcast URL: https://www.lyondellbasell.com/en/investors/company-earnings/

Price Action

Company's 52-week high was at $98.91

52-week low: $33.71

Price action over last quarter: Up 16.22%

Company Description

LyondellBasell Industries NV is a petrochemical producer with operations in the U.S. and Europe. It operates in six segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Advanced Polymer Solutions (APS), Refining and Technology. The company is a major producer of polyethylene, the world's largest producer of polypropylene, and the second- largest producer of propylene oxide. Its chemicals are used in various consumer and industrial end products. Substantially, all of the company's revenue is derived from product sales.