LyondellBasell's Earnings Soar on Strong Sales and Improved Margins

LyondellBasell reported first quarter net income of $660 million, up from $8 million in the year-ago period, on stronger sales volumes and improved margins in most of its business segments. Sales were up 25%, to $12.2 billion.   “During the first quarter, we again demonstrated the earnings potential of our company as margins increased in nearly all businesses, despite significant raw material pricing pressures,” says Jim Gallogly, CEO of LyondellBasell.  “Ebitda of $1.4 billion reflects solid operations, an improved cost structure and...

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