IHS Chemical Week

People & Business :: Earnings/Finance

Expanding Olefins Margins Lift LyondellBasell Earnings Above Estimates

9:17 AM MDT | July 30, 2012 | Rebecca Coons

LyondellBasell posted net income of $768 million for its fiscal second quarter, ended June 30, 2012. This number is 4.5% lower than the year-ago quarter, but expanding olefins margins lifted the company’s adjusted earnings of $1.66/share 18% above the analysts’ consensus estimate reported by Thomson Reuters (New York). The 2012 quarter includes a $191 million charge related to debt repayments and inventory accounting valuations. Ebitda increased 11%, to $1.8 billion. Sales fell 15%, to $11.2 billion, on weaker volumes in Europe. "During the...

This information is only available to Chemical Week subscribers.

Username:
Password:

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

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

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

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2012 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa