LyondellBasell's Earnings Soar on Higher Sales, Renewed Demand

LyondellBasell reported fourth-quarter 2010 net income of $874 million ($1.54/share), compared to a net loss of $850 million for the year-ago quarter. Fourth-quarter EBITDA was $762 million, excluding a reversal of $323 million of non-cash lower of cost or market inventory charges. Sales were up 20%, to $10.6 billion, on improved demand in each of the company’s business segments.   “2010 was a great beginning for the 'New LyondellBasell’. The company enjoyed financial success while advancing the plans and processes that form the foundation...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers