Benzinga | Jan 29, 2021 07:08AM EST

LyondellBasell Industries: Q4 Earnings Insights



Shares of LyondellBasell Industries (NYSE:LYB) moved higher by 3.1% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were up 14.06% year over year to $2.19, which beat the estimate of $1.36.

Revenue of $7,937,000,000 declined by 2.96% from the same period last year, which beat the estimate of $7,030,000,000.

Guidance

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

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

Conference Call Details

Date: Jan 29, 2021

Time: 11:00 AM

ET Webcast URL: https://www.lyondellbasell.com/en/news-events/events/

Price Action

Company's 52-week high was at $99.86

52-week low: $33.71

Price action over last quarter: Up 25.16%

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.