LyondellBasell Industries NVNYSE: LYB

HOUSTON and LONDON, Nov. 22, 2024 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB) today announced that effective March 1, 2025, Michael McMurray will retire as executive vice president and chief financial officer and will be succeeded by Agustin Izquierdo, currently the company's senior vice president, Olefins & Polyolefins Americas & Refining. Until he assumes the role of chief financial officer, Izquierdo will continue to serve in his current role.

HOUSTON and LONDON, Nov. 22, 2024 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB) has announced a dividend of $1.34 per share, which will be distributed to shareholders on December 9, 2024. The ex-dividend and record date is set for December 2, 2024. Here is some information about LyondellBasell.

LyondellBasell Industries has not performed well, experiencing a 4% loss in the last year and a 15% drop from its highest point in 52 weeks, mainly because of low demand in China. While the company is doing well in the US, it is facing difficulties globally, with its European operations looking for new strategies and the refining unit possibly shutting down. Although LYB has a solid financial position and offers a 6.2% dividend yield, it is struggling to gain momentum due to decreasing returns on capital and slow economic growth.

While the revenue and earnings per share (EPS) for LyondellBasell (LYB) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

In the third quarter, LYB experienced increased polyethylene margins in North America due to lower costs for ethane and natural gas, along with rising polyethylene prices.

LyondellBasell (LYB) reported quarterly earnings of $1.88 per share, which is lower than the Zacks Consensus Estimate of $2.03 per share. This is a decrease compared to earnings of $2.46 per share from the same period last year.

In the third quarter of 2024, the company reported a net income of $573 million, or $617 million when excluding certain identified items. The diluted earnings per share were $1.75, increasing to $1.88 when excluding those items. Additionally, the company generated $670 million in cash from operations and returned $479 million to shareholders through dividends and share buybacks, while also making progress towards its sustainability goals.

Instead of just focusing on Wall Street's predictions for LyondellBasell's (LYB) earnings, let's explore some important metrics to better understand how the company might perform in the quarter that ended in September 2024. This will give us a clearer picture of its potential results.

LyondellBasell (LYB) lacks the necessary mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.