Lyondellbasell Industries N.V.

Latest Results (17.12.2024):

Net Income and Earnings

LyondellBasell Industries N.V. reported a net income of $573 million for the third quarter of 2024, translating to $1.75 per diluted share. Excluding identified items, the net income was $617 million, or $1.88 per diluted share. These figures reflect the company's financial performance amidst ongoing strategic adjustments, including costs related to exiting the refining business.

Revenue and EBITDA

For the third quarter of 2024, LyondellBasell Industries N.V. achieved sales and other operating revenues totaling $10.322 billion. The company's EBITDA for the same period was reported at $1.2 billion, indicating a robust operational performance despite market challenges. The EBITDA figure excludes identified items, which include adjustments for lower of cost or market, gain on sale of business, and impairments.

Cash Flow and Shareholder Returns

During the third quarter of 2024, LyondellBasell Industries N.V. generated $670 million in cash from operating activities. The company maintained a disciplined approach to capital allocation, investing $368 million in capital expenditures and returning $479 million to shareholders through dividends and share repurchases. This reflects the company's commitment to delivering value to its shareholders while maintaining a strong balance sheet.

Sustainability Initiatives

LyondellBasell Industries N.V. made significant progress in its sustainability initiatives during the third quarter of 2024. The company commenced construction of the MoReTec-1 catalytic advanced recycling facility in Germany, which is expected to begin operations in 2026. Additionally, LyondellBasell exceeded its 2030 renewable electricity target, demonstrating its commitment to reducing greenhouse gas emissions and advancing towards a circular economy.

Market Outlook

Looking ahead to the fourth quarter, LyondellBasell Industries N.V. anticipates softer demand due to year-end seasonality. The company expects higher natural gas and ethane feedstock costs to moderate North American integrated polyolefins margins. Despite these challenges, easing interest rates are expected to improve demand for durable goods in 2025, benefiting the company's polypropylene and Intermediates & Derivatives businesses.