Lyondellbasell Industries N V Stock Price, News & Analysis

LyondellBasell (NYSE: LYB) announced that CEO Bob Patel will address investors at the Citi 2020 Basic Materials Virtual Conference on December 1 at 2:00 p.m. EST. The presentation will be accessible via a live webcast, with a replay available within 24 hours. LyondellBasell is among the world's largest plastics, chemicals, and refining companies, recognized for its products that tackle modern challenges such as food safety and environmental protection. The company was named one of Fortune Magazine's "World's Most Admired Companies" for the third consecutive year.

LyondellBasell (NYSE: LYB) has declared a quarterly dividend of $1.05 per share. This dividend will be paid on December 7, 2020, to shareholders who are on record as of November 30, 2020, with an ex-dividend date set for November 27, 2020. The announcement reinforces LyondellBasell’s commitment to returning value to shareholders and reflects its position as one of the largest plastics, chemicals, and refining companies globally.

LyondellBasell Industries (LYB) reported third-quarter 2020 net income of $114 million ($0.33 per share), significantly impacted by a $582 million impairment related to its Houston refinery. Adjusted net income, excluding this impairment and a $160 million LCM benefit, was $427 million ($1.27 per share). EBITDA for the quarter was $466 million, or $888 million when excluding impairments. The company also announced strong demand for polyethylene and a successful $3.9 billion bond issuance. Liquidity remained robust at $5.5 billion.

LyondellBasell (NYSE: LYB) will announce its third-quarter 2020 financial results on October 30, 2020, before market opening. A teleconference and webcast will follow at 11:00 a.m. EDT led by David Kinney, Director of Investor Relations. Participants can access the webcast starting 10-15 minutes prior through their website. Replay options will be available after the call until November 29, 2020. As one of the largest global plastics and chemicals companies, LyondellBasell is recognized for innovative solutions in modern challenges.

LyondellBasell Industries N.V. (NYSE: LYB) announced the pricing of a public offering totaling $3.5 billion in various guaranteed notes. The offering includes $650 million of Floating Rate Notes due 2023, $500 million of 1.250% Notes due 2025, $500 million of 2.250% Notes due 2030, $750 million of 3.375% Notes due 2040, $1 billion of 3.625% Notes due 2051, and $500 million of 3.800% Notes due 2060. Net proceeds will fund a joint venture with Sasol Chemicals, repay existing debts, and redeem senior notes. The offering is set to close on October 8, 2020.

LyondellBasell (NYSE: LYB), a major player in plastics and chemicals, announced a conference call scheduled for October 2, 2020, at 9:00 a.m. EDT to discuss its new joint venture with Sasol. Key executives, including CEO Bob Patel and CFO Michael McMurray, will be present. Investors can access the call via a dedicated webpage and toll-free numbers for various regions. A replay will be available from 11:00 a.m. EDT on the same day until December 2, 2020. LyondellBasell is recognized for its contributions to modern industrial challenges and was listed as one of the "World's Most Admired Companies."

LyondellBasell (NYSE: LYB) has successfully launched its MoReTec molecular recycling facility in Ferrara, Italy, marking a significant step towards converting plastic waste into feedstock. This facility can process 5 to 10 kg of household plastic waste per hour. The MoReTec technology aims to return post-consumer plastic to its molecular form for new, high-quality applications, including food packaging. The technology's development aligns with LyondellBasell's commitment to sustainability and reducing plastic waste through various circular economy initiatives.

LyondellBasell (NYSE: LYB) has declared a quarterly dividend of $1.05 per share, payable on September 8, 2020. Shareholders on record as of August 31, 2020 will receive this payment, with an ex-dividend date of August 28, 2020. This dividend reflects LyondellBasell's commitment to providing shareholder value amidst its operations as one of the largest producers in the plastics, chemicals, and refining sectors, enhancing product safety and efficacy.