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LyondellBasell Slips to Loss in Second Quarter

8:56 AM MDT | August 26, 2008 | Robert Westervelt

LyondellBasell reported a second-quarter loss from continuing operations of $16 million, compared with income from continuing operations of $159 million in the year-ago quarter. Results were impacted by higher interest and depreciation and amortization expense as well as surging feedstock costs, the company says. Second-quarter revenues totaled $15.6 billion, compared with $4.1 billion in the year-ago quarter. Most of the revenue gain reflects $10.7 billion in revenue attributable to Basell’s acquisition of Lyondell last December, and the...

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