IHS Chemical Week

People & Business :: Earnings/Finance

LyondellBasell's Income Rises on Improved Margins

8:06 AM MDT | July 29, 2011 | Lindsey Bewley

LyondellBasell reported second-quarter net income up 27% from the year-ago period, to $804 million, driven by increased margins for ethylene and polyproplyene. Earnings per share were $1.38/share, beating analyst estimates of $1.26/share, as reported by Thomson One (New York). Ebitda rose 11%, to $1.55 billion, while sales increased 15%, to $14 billion.   Operating income for the company’s Americas olefins and polyolefins business was $509 million, while the Europe, Asia and International olefins and polyolefins business posted operating income of $209...

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