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LyondellBasell Reports Loss
August 19, 2008
LyondellBasell reported a second-quarter loss from continuing operations of $16 million compared to income from continuing operations $159 million in the year-ago quarter. Results were impacted by higher interest and depreciation and amortization expense as well as surging feedstock costs. Second-quarter revenues totaled $15.6 billion, compared to $4.1 billion in the year-ago quarter. The increase reflects $10.7 billion in revenue attributable to its acquisition of Lyondell, and the balance of the increase reflected higher sales prices offset by lower sales...
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