IHS Chemical Week

People & Business :: Earnings/Finance

LyondellBasell Swings to Loss on Destocking, Refinancing Costs

1:27 PM MST | February 10, 2012 | Kara Sissell

LyondellBasell reported a fourth-quarter net loss of $218 million, compared with a profit of $766 million in the year-ago quarter. Sales rose 11%, to $11.4 billion. Weaker results were attributed to customer destocking, a slowdown in Europe and Asia, poor refining margins, and one-time charges. LyondellBasell says earnings were negatively impacted by $448 million, or 79 cts/share, in charges relating primarily to refinancing costs and the suspension of operations at its Berre, France refinery.  LyondellBasell enjoyed a net income benefit of $151 million in the year-ago quarter, due primarily to a favorable inventory adjustment....

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.



Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.

 














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

ihsCopyright © 2015 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