LyondellBasell earnings fall 7%, announces $2.75/share dividend

LyondellBasell reported income from continuing operations of $851 million, a decline of 7.1% from the year-ago quarter. Sales declined 9.9%, to $11.3 billion. Reported earnings from continuing operations fell 4.5% to $1.47/share, 2 cts/share below analyst estimates as reported by Thomson Reuters (New York). LyondellBasell, which joined the S&P500 Index during the quarter, also announced today that it will pay a $2.75/share special dividend in addition to its regular 40 cts/share dividend. “Our olefins and polyolefins business in North America continues...

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