Lyondellbasell Industries N V Stock Price, News & Analysis

LyondellBasell (NYSE: LYB) has declared a quarterly dividend of $1.13 per share, payable on March 14, 2022. Shareholders of record as of March 7, 2022 will receive the dividend, with an ex-dividend date set for March 4, 2022. LyondellBasell, a leader in plastics and chemicals, serves customers in over 100 countries and has recently been recognized as one of the 'World's Most Admired Companies' by FORTUNE Magazine.

LyondellBasell (NYSE: LYB) announced that Jim Guilfoyle, executive vice president of Advanced Polymer Solutions & Global Supply Chain, will participate in a fireside chat at the Bank of America Securities Global Agriculture and Materials Conference on March 2, 2022, at 4:30 p.m. EST. A live webcast will be available, with a replay accessible within 24 hours. LyondellBasell is a leading global producer in plastics, chemicals, and refining, known for its innovations in packaging, water supply protection, automotive safety, and electronics. The company was recognized on FORTUNE's list of 'World's Most Admired Companies' in 2022.

LyondellBasell reported record profitability for FY 2021, achieving net income of $5.6 billion and diluted EPS of $16.75. The company generated record EBITDA of $8.7 billion and $7.6 billion in operating cash flow. Shareholder returns included $2 billion in dividends and $0.5 billion in share repurchases. However, Q4 2021 saw a non-cash impairment charge of $624 million, reducing net income. Despite challenges from rising costs and supply chain disruptions, LyondellBasell plans to continue enhancing shareholder returns and meeting sustainability goals.

LyondellBasell (NYSE: LYB) will announce its fourth-quarter 2021 financial results before the U.S. market opens on January 28, 2022. A webcast and teleconference discussing these results will follow at 11:00 a.m. EST, hosted by David Kinney, Head of Investor Relations. Presentation slides will be available during the call, with a replay accessible from 1:00 p.m. EST on January 28 until February 28, 2022.

LyondellBasell, a leading plastics and chemicals company, produces essential materials and has been recognized as one of the "World's Most Admired Companies" by FORTUNE Magazine in 2021.

LyondellBasell announces the appointment of Peter Vanacker as the new Chief Executive Officer, succeeding Bhavesh V. Patel, who is retiring on December 31, 2021. Vanacker, with over 30 years in the industry, including leadership roles at Neste Corporation and CABB Group, will assume his role by June 2022. Kenneth Lane, currently executive vice president of Global Olefins & Polyolefins, will act as interim CEO during this transition. The Board expresses confidence in Vanacker's ability to enhance shareholder value and champion sustainability goals.

LyondellBasell Industries N.V. (NYSE: LYB) announced pricing terms for its cash tender offers totaling up to $1 billion for outstanding notes. The offers include five series of notes with early participation payments and total considerations based on yield calculations. The early participation date was set for December 1, 2021, with the final expiration date on December 15, 2021. LyondellBasell has satisfied all conditions for the offers and will settle on December 3, 2021. The company is advised by Deutsche Bank Securities and Wells Fargo Securities.

LyondellBasell Industries N.V. (NYSE: LYB) announced on December 2, 2021, the results of its tender offers to purchase up to $1 billion of outstanding notes. Valid tenders prior to the December 1 early participation deadline resulted in significant oversubscription. The company will accept notes based on established acceptance priority levels, with a $225 million cap for Level 1 notes. The total amount accepted includes $224.994 million of 5.750% Senior Notes due 2024 and $409.183 million of 3.500% Guaranteed Notes due 2027. The offers are set to expire on December 15, 2021.

On November 24, 2021, LyondellBasell (NYSE: LYB) announced that Michael McMurray, executive vice president and chief financial officer, will participate in a virtual fireside chat at the Citi 2021 Basic Materials Virtual Conference. This event is scheduled for November 30, 2021, at 10:15 a.m. ET. Stakeholders can access the event via a live webcast, with a replay available shortly after. LyondellBasell is a leading company in plastics, chemicals, and refining, recognized for its contributions to various industries, including food safety and automotive efficiency.