Recap: LyondellBasell Industries Q1 Earnings

Shares of LyondellBasell Industries LYB were unchanged in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were down 32.88% year over year to $1.47, which missed the estimate of $1.50.

Revenue of $7,494,000,000 less by 14.63% year over year, which missed the estimate of $7,600,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: May 01, 2020

Time: 01:04 PM ET

Webcast URL: https://www.lyondellbasell.com/en/news-events/events/

Recent Stock Performance

Company's 52-week high was at $98.91

52-week low: $33.71

Price action over last quarter: down 26.48%

Company Overview

LyondellBasell Industries NV is a petrochemical producer with operations in the U.S. and Europe. It operates in six segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Advanced Polymer Solutions (APS), Refining and Technology. The company is a major producer of polyethylene, the world's largest producer of polypropylene, and the second- largest producer of propylene oxide. Its chemicals are used in various consumer and industrial end products. Substantially, all of the company's revenue is derived from product sales.

Posted In: EarningsNews