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Markets :: Plastics :: Polyethylene

LyondellBasell Updates August Results

1:54 PM MDT | October 6, 2009 | Lindsey Bewley

LyondellBasell says the performance of its chemicals business improved in August, with its olefins polymers segments performing strongly, the company said in a conference call for investors this week. Overall adjusted earnings fell in August by $24 million, to $254 million. However, the first two months of the third-quarter were the company’s strongest of the year. July and August’s combined earnings before interest, taxes, depreciation, amortization and reorganization costs were $542 million, up about 39% compared to the first two months of the...

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