Strong Prices Lead Third-Quarter Earnings Higher

Huntsman: No signs of 'double dip.' Gallogly: Advantaged U.S. position. Basic and diversified chemical makers posted stronger earnings as higher pricing kept margins healthy, despite weakening volumes. Producers note that growth is slowing but most expressed confidence about the ability to maintain profits even if economic conditions continue to worsen. LyondellBasell reported third-quarter net income of $895 million, up 92% from the year-ago quarter, on sales up 29%, to $13 billion. Results were driven by strong performance in the company’s North American...

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