LyondellBasell Industries Stock (NYSE: LYB)

LyondellBasell Industries Stock (NYSE:LYB), Trade Ideas

LyondellBasell Industries

LyondellBasell is a petrochemical producer with operations in the United States, Europe, and Asia. The company is the world's largest producer of polypropylene and is also a major producer of polyethylene and propylene oxide. Its chemicals are used in various consumer and industrial end products. Well over half of LyondellBasell's production comes from its North American operations.

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

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LyondellBasell Industries reported lower Q4 revenues of $9.93B. Adjusted EPS was $1.26, below consensus of $1.31. Outlook for 2024 includes continued challenges, low ethane costs, and uncertain China demand. Operating rates will be adjusted to global demand. 

LyondellBasell Reports Mixed Q4 Results, Warns On Headwinds From Slow Demand

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Chemical Company LyondellBasell&#39;s $500M Move: Fuels Growth In Saudi Arabia With NATPET Deal

LyondellBasell Industries NV Ordinary Shares Class A (Netherlands)

LyondellBasell Industries NV

Lyons Bancorp Inc

Investors with a lot of money to spend have taken a bullish stance on LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LYB, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for LyondellBasell Industries.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $29,970, and 9, calls, for a total amount of $633,182.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $95.0 to $100.0 for LyondellBasell Industries during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of LyondellBasell Industries stands at 446.75, with a total volume reaching 4,081.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in LyondellBasell Industries, situated within the strike price corridor from $95.0 to $100.0, throughout the last 30 days.
<h3>LyondellBasell Industries Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713465983_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LYB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$4.6</td>
<td>$4.4</td>
<td>$4.6</td>
<td>$95.00</td>
<td>$138.0K</td>
<td style="text-align: right;">896</td>
<td style="text-align: right;">297</td>
</tr>
<tr>
<td>LYB</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$4.8</td>
<td>$4.4</td>
<td>$4.6</td>
<td>$95.00</td>
<td>$136.1K</td>
<td style="text-align: right;">896</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>LYB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$6.0</td>
<td>$5.8</td>
<td>$6.0</td>
<td>$95.00</td>
<td>$119.4K</td>
<td style="text-align: right;">20</td>
<td style="text-align: right;">310</td>
</tr>
<tr>
<td>LYB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$6.0</td>
<td>$5.9</td>
<td>$5.9</td>
<td>$95.00</td>
<td>$61.3K</td>
<td style="text-align: right;">20</td>
<td style="text-align: right;">622</td>
</tr>
<tr>
<td>LYB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$4.7</td>
<td>$4.4</td>
<td>$4.6</td>
<td>$95.00</td>
<td>$45.9K</td>
<td style="text-align: right;">896</td>
<td style="text-align: right;">697</td>
</tr>
</tbody>
</table>

<h3>About LyondellBasell Industries</h3>
LyondellBasell is a petrochemical producer with operations in the United States, Europe, and Asia. The company is the world's largest producer of polypropylene and is also a major producer of polyethylene and propylene oxide. Its chemicals are used in various consumer and industrial end products. Well over half of LyondellBasell's production comes from its North American operations.
Having examined the options trading patterns of LyondellBasell Industries, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is LyondellBasell Industries Standing Right Now?</h3>
<ul>
<li>With a volume of 778,285, the price of LYB is down -0.52% at $99.18. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 8 days.</li>
</ul>
<h3>What The Experts Say On LyondellBasell Industries</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $106.5.
<ul>
<li>An analyst from Wells Fargo has decided to maintain their Overweight rating on LyondellBasell Industries, which currently sits at a price target of $117. </li>
<li>An analyst from Citigroup persists with their Neutral rating on LyondellBasell Industries, maintaining a target price of $104. </li>
<li>An analyst from JP Morgan has decided to maintain their Overweight rating on LyondellBasell Industries, which currently sits at a price target of $105. </li>
<li>An analyst from Barclays has decided to maintain their Equal-Weight rating on LyondellBasell Industries, which currently sits at a price target of $100. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest LyondellBasell Industries options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

LyondellBasell Industries Unusual Options Activity

Citigroup analyst Patrick Cunningham maintains LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) with a Neutral and raises the price target from $96 to $104.

Citigroup Maintains Neutral on LyondellBasell Industries, Raises Price Target to $104

Barclays analyst Michael Leithead maintains LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) with a Equal-Weight and raises the price target from $98 to $100.

Barclays Maintains Equal-Weight on LyondellBasell Industries, Raises Price Target to $100

Wells Fargo analyst Michael Sison maintains LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) with a Overweight and raises the price target from $105 to $117.

Wells Fargo Maintains Overweight on LyondellBasell Industries, Raises Price Target to $117

Wolfe Research analyst Chris Parkinson initiates coverage on LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) with a Underperform rating.

Initiation

Wolfe Research Initiates Coverage On LyondellBasell Industries with Underperform Rating

Thursday marks the last chance for investors to receive the next dividend payout from LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a quarterly dividend of $1.25 per share. On Friday, LyondellBasell Industries will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $1.25 lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own LYB as of the end of Thursday's session are eligible to receive the $1.25 dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 11, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on LyondellBasell Industries <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Dividends

LyondellBasell Industries's Ex-Dividend Date Is Friday, Here's What You Need To Know

LyondellBasell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) today announced it has acquired mechanical recycling assets and properties containing rigid plastics recycling processing lines from PreZero, a global recycling leader and waste management service provider. The transaction includes leasing the processing facility in Jurupa Valley, Calif., which has a production capacity of approximately 50 million pounds per year for recycled materials.
"This acquisition further strengthens our U.S. presence and will deliver value for our customers and plastic recycling rates in the West Coast," said Yvonne van der Laan, LyondellBasell executive vice president, Circular and Low Carbon Solutions. "We will build upon our existing experience in plastic recycling in Europe and deliver a state-of-the-art, mechanical recycling facility to meet growing demand for recycled products in the U.S."
LYB plans to operate its newly-acquired mechanical recycling plant in California to manufacture post-consumer recycled resins using plastic waste feedstock. LYB will offer these recycled polymers under its CirculenRecover brand, part of the company's Circulen portfolio of products that enable the circular economy. LYB expects to commence operations at its new facility in 2025.
The transaction supports the company's efforts to build a circular economy for plastic, help end plastic waste in the environment and meet customers' growing demand for sustainable products. Together with the previously announced equity stake in the <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4094349-1&amp;h=3101578011&amp;u=https%3A%2F%2Fwww.lyondellbasell.com%2Fen%2Fnews-events%2Fcorporate--financial-news%2Flyondellbasell-acquires-25-of-cyclyx-joint-venture-joining-agilyx-and-exxonmobil-to-accelerate-plastic-waste-recycling%2F&amp;a=Cyclyx+joint+venture">Cyclyx joint venture</a> and investment in the <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4094349-1&amp;h=1784486341&amp;u=https%3A%2F%2Fwww.prnewswire.com%2Fnews-releases%2Fcyclyx-reaches-investment-milestone-for-its-first-circularity-center-302009063.html&amp;a=Cyclyx+Circularity+Center">Cyclyx Circularity Center</a> in Houston, this latest California-based transaction will further enhance the competitiveness of LYB in the U.S. recycled products market.

LyondellBasell Acquires Mechanical Recycling Assets And Plans Operations In California; No Financial Terms Disclosed

RBC Capital analyst Arun Viswanathan reiterates LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) with a Outperform and maintains $107 price target.

Reiteration

RBC Capital Reiterates Outperform on LyondellBasell Industries, Maintains $107 Price Target

Barclays analyst Michael Leithead maintains LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) with a Equal-Weight and lowers the price target from $102 to $98.

Barclays Maintains Equal-Weight on LyondellBasell Industries, Lowers Price Target to $98

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Raymond James cut the price target for Skechers U.S.A., Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skx#NYSE">SKX</a>) from $68 to $66. Raymond James analyst Rick Patel maintained an Outperform rating. Skechers shares declined 10.3% to close at $57.04 on Friday. <a href="https://www.benzinga.com/quote/SKX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc raised Pinterest, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>) price target from $37 to $48. Keybanc analyst Justin Patterson maintained an Overweight rating. Pinterest shares rose 5.8% to close at $39.75 on Friday. <a href="https://www.benzinga.com/quote/PINS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies boosted the price target for Apellis Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apls#NASDAQ">APLS</a>) from $68 to $80. Jefferies analyst Akash Tewari upgraded the stock from Hold to Buy. Apellis Pharmaceuticals shares rose 0.7% to close at $62.56 on Friday. <a href="https://www.benzinga.com/quote/APLS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan increased LyondellBasell Industries N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lyb#NYSE">LYB</a>) price target from $95 to $100. JP Morgan analyst Jeffrey Zekaukas upgraded the stock from Neutral to Overweight. LyondellBasell shares fell 1.9% to close at $92.86 on Friday. <a href="https://www.benzinga.com/quote/LYB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Cantor Fitzgerald boosted the price target for The Cigna Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ci#NYSE">CI</a>) from $334 to $372. Cantor Fitzgerald analyst Sarah James upgraded the stock from Neutral to Overweight. Cigna shares rose 5.4% to close at $323.84 on Friday. <a href="https://www.benzinga.com/quote/CI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies cut the price target for Markel Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mkl#NYSE">MKL</a>) from $1,680 to $1,500. Jefferies analyst Andrew Andersen downgraded the stock from Buy to Hold. Markel shares gained 1.2% to close at $1,412.41 on Friday. <a href="https://www.benzinga.com/quote/MKL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan cut Mattel, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mat#NASDAQ">MAT</a>) price target from $24 to $19. JP Morgan analyst Christopher Horvers downgraded the stock from Overweight to Neutral. Mattel shares rose 4.1% to close at $19.02 on Friday. <a href="https://www.benzinga.com/quote/MAT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen raised SkyWest, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyw#NASDAQ">SKYW</a>) price target from $55 to $68. TD Cowen analyst Helane Becker upgraded the stock from Market Perform to Outperform. SkyWest shares gained 8.2% to close at $58.51 on Friday. <a href="https://www.benzinga.com/quote/SKYW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James boosted AbbVie Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abbv#NYSE">ABBV</a>) price target from $181 to $189. Raymond James analyst Gary Nachman maintained an Outperform rating. AbbVie shares rose 0.6% to close at $168.67 on Friday. <a href="https://www.benzinga.com/quote/ABBV/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays boosted Dover Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dov#NYSE">DOV</a>) price target from $150 to $163. Barclays analyst Julian Mitchell maintained an Equal-Weight rating. Dover shares rose 1.4% to close at $158.75 on Friday. <a href="https://www.benzinga.com/quote/DOV/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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JP Morgan analyst Jeffrey Zekaukas upgrades LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) from Neutral to Overweight and raises the price target from $95 to $100.

Upgrades

JP Morgan Upgrades LyondellBasell Industries to Overweight, Raises Price Target to $100

LyondellBasell Industries N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) reported the fourth-quarter fiscal 2023 revenues of $9.93 billion, down from $10.21 billion a year ago,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/n36906328/lyondellbasell-reports-2023-earnings" rel="noreferrer noopener">beating the consensus of $9.84 billion.</a>
Adjusted EBITDA stood at $910 million (+5.2% Y/Y), and margin expanded by 70 bps to 9.2%. Adjusted EPS stood at $1.26, <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">missing the consensus of $1.31.</a>
LyondellBasell generated $1.5 billion of cash from operating activities, resulting in 171% cash conversion for the quarter. LYB returned $406 million in dividends to shareholders in Q4.
&#8220;During the fourth quarter, LyondellBasell&#8217;s businesses delivered exceptional cash conversion amid challenging market conditions while we rapidly moved forward with our strategy. We have a clear and focused roadmap to deliver a more profitable and sustainable growth engine for LYB,&#8221; commented LYB Chief Executive Officer Peter Vanacker.
&#8220;In the fourth quarter, we announced the&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/23/12/36152245/strategic-business-shift-lyondellbasell-divests-eo-d-business-enhancing-focus-on-core-operations" rel="noreferrer noopener">divestiture of our Ethylene Oxide and Derivatives</a>&nbsp;business and our decision to build the first catalytic advanced recycling plant using LYB&#8217;s proprietary MoReTec technology. And just two weeks ago, we announced a new propylene and polypropylene&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36645639/chemical-company-lyondellbasells-500m-move-fuels-growth-in-saudi-arabia-with-natpet-deal" rel="noreferrer noopener">joint venture in Saudi Arabia</a>,&#8221; added Vanacker.
LYB&#8217;s cash and liquid investment balance was $3.4 billion as of December 31, 2023.
The company stated that significantly lower fourth-quarter gasoline crack spreads impacted refining and oxyfuels margins and the value of co-product fuels in the Olefins &amp; Polyolefins Americas segment.
Outlook: LyondellBasell anticipates continued challenges in the first quarter of 2024 from seasonally slow demand and economic uncertainty. The company expects low ethane costs to benefit North American Olefins &amp; Polyolefins margins; modest regional <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">demand improvement is expected.</a>
The company expects oxyfuels and refining margins to be within typical winter seasonal ranges.
LYB stated that China demand was subdued in January due to Lunar New Year inventory adjustments; the growth outlook is uncertain. Spring and summer seasonal demand improvements are expected across global markets.&nbsp;&nbsp;
Operating Rates:&nbsp;LyondellBasell plans to adjust first quarter operating rates to global demand—Olefins &amp; Polyolefins Americas at ~80%, Olefins &amp; Polyolefins EAI and Intermediates &amp; Derivatives at ~75%.
Price Action:&nbsp;LYB shares traded lower by 2.65% at $92.11 on the last check Friday.

LyondellBasell Industries Expects Seasonally Slow Demand And Economic Uncertainty To Continue To Act As Headwinds For Most Businesses In The First Quarter Of 2024

LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) reported quarterly adjusted earnings of $1.26 per share which missed the analyst consensus estimate of $1.31 by 3.82 percent. This is a 2.33 percent decrease over earnings of $1.29 per share from the same period last year. The company reported quarterly sales of $9.93 billion which beat the analyst consensus estimate of $9.84 billion by 0.90 percent. This is a 2.71 percent decrease over sales of $10.21 billion the same period last year.

LyondellBasell Industries Q4 Adj. EPS $1.26 Misses $1.31 Estimate, Sales $9.93B Beat $9.84B Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; W.W. Grainger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWW#NYSE">GWW</a>) is likely to report quarterly earnings at $8.05 per share on revenue of $4.04 billion.
&bull; AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) is likely to report quarterly earnings at $2.77 per share on revenue of $14.02 billion.
&bull; Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) is expected to report quarterly earnings at $2.03 per share on revenue of $511.68 million.
&bull; Charter Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) is expected to report quarterly earnings at $8.68 per share on revenue of $13.70 billion.
&bull; Bristol-Myers Squibb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) is projected to report quarterly earnings at $1.53 per share on revenue of $11.19 billion.
&bull; Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) is expected to report quarterly earnings at $2.21 per share on revenue of $85.23 billion.
&bull; Regeneron Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) is expected to report quarterly earnings at $10.77 per share on revenue of $3.29 billion.
&bull; Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) is projected to report quarterly earnings at $3.21 per share on revenue of $51.62 billion.
&bull; Cigna Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>) is projected to report quarterly earnings at $6.53 per share on revenue of $48.89 billion.
&bull; Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) is projected to report quarterly earnings at $3.20 per share on revenue of $744.99 million.
&bull; Twist Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>) is expected to report quarterly loss at $0.78 per share on revenue of $67.58 million.
&bull; LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) is expected to report quarterly earnings at $1.31 per share on revenue of $9.84 billion.
&bull; Capital Product Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPLP#NASDAQ">CPLP</a>) is projected to report quarterly earnings at $0.63 per share on revenue of $95.71 million.
&bull; Brookfield Bus Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBU#NYSE">BBU</a>) is projected to report quarterly earnings at $6.42 per share on revenue of $16.55 billion.
&bull; IES Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IESC#NASDAQ">IESC</a>) is projected to report earnings for its first quarter.
&bull; Banco Santander Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSAC#NYSE">BSAC</a>) is projected to report quarterly earnings at $0.53 per share on revenue of $627.37 million.
&bull; Mizuho Financial Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFG#NYSE">MFG</a>) is expected to report earnings for its third quarter.
&bull; Virtus Inv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NYSE">VRTS</a>) is projected to report quarterly earnings at $5.96 per share on revenue of $197.13 million.
&bull; Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEP#NYSE">BEP</a>) is projected to report quarterly loss at $0.04 per share on revenue of $1.07 billion.
&bull; Piper Sandler (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PIPR#NYSE">PIPR</a>) is likely to report quarterly earnings at $2.60 per share on revenue of $370.12 million.
&bull; Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEPC#NYSE">BEPC</a>) is expected to report quarterly loss at $0.14 per share on revenue of $1.21 billion.
&bull; Church &amp; Dwight Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHD#NYSE">CHD</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $1.51 billion.
&bull; Johnson Outdoors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $140.44 million.
&bull; WisdomTree (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WT#NYSE">WT</a>) is expected to report quarterly earnings at $0.10 per share on revenue of $90.34 million.
&bull; Aon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) is expected to report quarterly earnings at $4.06 per share on revenue of $3.36 billion.
&bull; Brookfield Business (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBUC#NYSE">BBUC</a>) is projected to report earnings for its fourth quarter.
<h3>&nbsp;</h3>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For February 2, 2024

LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) is set to give its latest quarterly earnings report on Friday, 2024-02-02. Here's what investors need to know before the announcement.
Analysts estimate that LyondellBasell Industries will report an earnings per share (EPS) of $1.31. 
LyondellBasell Industries bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.44, which was followed by a 0.0% drop in the share price the next day.
Here's a look at LyondellBasell Industries's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.02</td>
<td>2.29</td>
<td>1.74</td>
<td>1.22</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.46</td>
<td>2.44</td>
<td>2.50</td>
<td>1.29</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.65%</td>
<td>-0.75%</td>
<td>3.6%</td>
<td>1.86%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706799648_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of LyondellBasell Industries were trading at $94.12 as of January 31. Over the last 52-week period, shares are down 3.77%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/LYB/earnings">To track all earnings releases for LyondellBasell Industries visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

LyondellBasell Industries Earnings Preview

LyondellBasell (LYB) has been selected to receive a €40 million grant from the European Union (EU) Innovation Fund. The grant will support the fully-electrified, industrial-scale advanced recycling demonstration plant the company plans to build at its Wesseling, Germany site. The company's MoReTec plant is one of the 41 projects selected in the EU Innovation Fund ‘Third Call for Large Scale Projects'. The EU is committing EUR 3.6 billion as part of its efforts to fund innovative clean-tech projects to support decarbonization.
"We are delighted with the EU Innovation Fund support for the development of our MoReTec technology," said Jim Seward, EVP and Chief Innovation Officer. "Investing in our first industrial-scale advanced recycling demonstration plant will provide us with valuable operating experience and additional technological know-how needed to scale-up and fully commercialize our MoReTec technology."
The company's MoReTec technology demonstrates a high level of innovation in the recycling of polyolefin waste to produce pyrolysis oil and pyrolysis gas. Pyrolysis oil is a substitute for fossil-based materials used in polymer production. Typically, pyrolysis gas streams are consumed as a fuel, however, the MoReTec technology enables the pyrolysis gas to be recovered as well, contributing to the production of polymer and displacing fossil-based feedstocks, which reduces CO2 emissions.
The technology incorporates electrification of the core reaction process, making it possible for the unit to operate completely on renewable electricity. Scalable single train design along with low operating temperatures resulting from the use of catalysts and innovative heat transfer design are additional advantages of this differential technology.
These advantages enable the MoReTec technology to achieve high plastic to plastic conversion rates, helping increase the circularity of plastic waste.
The MoReTec demonstration plant in Germany will convert post-consumer plastic waste into feedstock for the production of new plastic materials to be offered under the company's CirculenRevive brand. CirculenRevive products offer solutions for a wide range of applications, including medical and food packaging. The MoReTec plant in Wesseling will have an annual processing capacity equivalent to the amount of plastic packaging waste generated by over 1.2 million German citizens per year. The MoReTec plant is planned to be started-up in 2026.
The Innovation Fund is one of the world's largest funding programs for the demonstration and commercialization of innovative low-carbon technologies. It is one of the key tools of the <a href="https://ec.europa.eu/commission/presscorner/detail/en/ip_23_510">European Green Deal Industrial Plan</a> and is financed by revenues from the auctioning of allowances from the <a href="https://climate.ec.europa.eu/eu-action/eu-emissions-trading-system-eu-ets_en">EU Emissions Trading System</a> (EU ETS).

Global

LyondellBasell Advanced Recycling Project Selected For €40 Million EU Innovation Fund Grant

LyondellBasell Industries NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) disclosed a deal with Alujain Corporation to acquire a 35% stake in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) <a href="https://www.benzinga.com/pressreleases/24/01/n36639894/lyb-enters-into-agreement-to-acquire-35-of-saudi-arabia-based-natpet-expands-core-pp-business" target="_blank" rel="noreferrer noopener">for around $500 million</a>.
The technology-enabled JV deal boosts LYB&#8217;s access to advantaged feedstocks and attractive markets and positions it to grow and upgrade its core PP business.
The deal is expected to close subject to regulatory and other customary closing conditions.&nbsp;
Together, Alujain and LYB are also assessing potential construction of a new propylene via propane dehydrogenation (PDH) and PP facility at the NATPET site, which is subject to a final investment decision.&nbsp;
The project is currently under study to implement solutions at par with the Kingdom of Saudi Arabia&#8217;s 2060 carbon reduction strategy.&nbsp;
Peter Vanacker, CEO said, &#8220;This investment in NATPET reflects our strategy of growing and upgrading our core around assets and businesses with lasting advantages.&#8221;
&#8220;We look forward to advancing our collective efforts to produce and market essential materials that serve our customers&#8217; needs across the globe. This new investment is a great step forward for developing the downstream sector in the Kingdom of Saudi Arabia, and Alujain has plans to drive these developments further.&#8221; said Mohammed Bin Saleh AlKhalil, Alujain Chairman.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/23/11/35868404/chemical-company-lyondellbasell-plans-to-build-advanced-recycling-plant-in-germany" rel="noreferrer noopener">Chemical Company LyondellBasell Plans To Build Advanced Recycling Plant In Germany</a>
As of September 30, LYB had cash and&nbsp;<a target="_blank" href="https://www.lyondellbasell.com/en/news-events/corporate--financial-news/lyondellbasell-reports-third-quarter-2023-earnings/" rel="noreferrer noopener">liquid investments of $2.84 billion</a>.
Price Action: LYB shares are trading lower by 0.10% at $94.34 on the last check Tuesday.

Chemical Company LyondellBasell's $500M Move: Fuels Growth In Saudi Arabia With NATPET Deal

<ul>
<li>Technology-enabled JV increases LYB access to advantaged feedstocks and attractive markets</li>
<li>Transaction encompasses existing assets and planned growth projects</li>
</ul>

LyondellBasell To Acquire 35% Of Saudi Arabia-Based NATPET From Alujain Corporation For ~$500M

As the economy evolves in 2024, the materials sector might witness a turnaround, boosted by robust supply-demand dynamics. While the sector had a sluggish performance in 2023 amid recession concerns, it could see a positive <a href="https://www.benzinga.com/news/24/01/36510336/overview-of-value-stocks-in-the-basic-materials-sector">shift this year</a>.
Fidelity, with a keen eye on areas displaying strong supply-demand dynamics, strategically positioned itself in specific stocks within the sector. The company&#8217;s <a href="https://www.fidelity.com/learning-center/trading-investing/outlook-materials">picks</a> include Freeport-McMoRan Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), LyondellBasell Industries NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>), Olin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>), Cabot Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBT#NYSE">CBT</a>) and Linde PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>).
<h3 class="wp-block-heading">Freeport-McMoRan Inc </h3>
Freeport-McMoRan stands as one of the world&#8217;s largest copper suppliers. The company exemplifies an advantageous investment thesis due to challenges faced in copper supply. Aging mines and declining ore quality in significant copper-producing countries such as Chile and Peru suggest a potential rally in copper prices as demand increases. This positions Freeport-McMoRan as a compelling choice within the sector.
Also Read: <a href="https://www.benzinga.com/markets/commodities/24/01/36546158/freeport-mcmoran-upgraded-barrick-gold-downgraded-commercial-metals-reports-earnings-ivanhoe-" target="_blank" rel="noreferrer noopener">Freeport-McMoRan Upgraded; Barrick Gold Downgraded; Commercial Metals Reports Earnings; Ivanhoe Electric Advances Santa Cruz Copper Project</a>
<h3 class="wp-block-heading">LyondellBasell Industries NV </h3>
Among U.S. chemical producers, LyondellBasell operates within the commodity chemicals segment. Utilizing natural gas in manufacturing provides cost advantages over European counterparts, likely translating into increased market share and sales growth. LyondellBasell represents a promising pick given its strong position and pricing advantages in the chemical industry.
<h3 class="wp-block-heading">Olin Corp</h3>
Olin, another U.S. chemical manufacturer, benefits from using natural gas in its manufacturing processes. This advantage over European competitors, who predominantly use oil, positions Olin favorably for market expansion and potential sales growth. Olin&#8217;s strategic advantage in cost efficiency makes it an appealing choice within the materials sector.
<h3 class="wp-block-heading">Cabot Corp</h3>
Similar to its peers in the U.S. chemical industry, Cabot operates within the commodity chemicals sector. The company&#8217;s reliance on natural gas offers a competitive edge against European rivals, likely leading to enhanced market presence and sales. Cabot emerges as a compelling stock pick given its favorable cost structure and potential for market expansion.
<h3 class="wp-block-heading">Linde PLC</h3>
Linde, an industrial gas company, demonstrates stability through long-term contracts across diverse markets. The company&#8217;s strategic positioning aligns with global energy transition trends, particularly in carbon capture, indicating a play on evolving environmental dynamics. Linde represents a non-cyclical yet stable choice within the materials sector.
These stock picks within the materials sector showcase promising supply-demand dynamics, making them intriguing investment options for potential gains in 2024.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36389824/s-p-500-stuck-in-4600-4800-limbo-for-2024-wells-fargo-pinpoints-3-favored-sectors-f" target="_blank" rel="noreferrer noopener">S&amp;P 500 Stuck In 4,600-4,800 Limbo For 2024? Wells Fargo Pinpoints 3 &#8216;Favored Sectors&#8217; For Next Year</a>
Photo: Shutterstock

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Press Releases

LyondellBasell Announces Executive Committee Changes

LyondellBasell Acquires Mechanical Recycling Assets and Plans Operations in California

LyondellBasell Announces Quarterly Dividend

Offerings

LyondellBasell Prices Public Offering of Guaranteed Notes

LyondellBasell to Address J.P. Morgan 2024 Industrials Conference

LyondellBasell to exhibit at NPE2024: The Plastics Show

LyondellBasell demonstrates progress toward industry leadership in 2023 sustainability report