LyondellBasell Industries N.V.
LyondellBasell Announces Third Quarter 2024 Earnings
Summary
LyondellBasell Industries N.V. reported net income of $573 million for the third quarter of 2024, with diluted earnings per share at $1.75. The company generated $670 million in cash from operating activities and returned $479 million to shareholders through dividends and share repurchases. EBITDA for the quarter was $1.2 billion. The company also made progress on its sustainability goals, starting construction on a catalytic advanced recycling facility in Germany and exceeding its 2030 renewable electricity target.
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About LyondellBasell Industries N.V.
LyondellBasell Industries N.V. operates as a multinational chemical company, actively engaged in the production and sale of chemicals and polymers. Serving as one of the world's largest plastics, chemicals, and refining companies, its primary function is to produce materials that find applications across a wide range of markets, including packaging, electronics, automotive, and construction. The company specializes in the manufacture of olefins and polyolefins, essential components for creating plastics and resins used in everyday items. Additionally, it offers fuel-related products and technologies for refining crude oil, impacting industries reliant on energy and fuel efficiency. Headquartered in Houston, Texas, and Rotterdam, Netherlands, LyondellBasell is recognized for its global footprint and extensive supply chain, underscoring its importance in the global manufacturing landscape. Through its innovative materials and sustainable solutions, the company plays a critical role in enhancing product performance and promoting environmentally-friendly alternatives in modern industrial applications.
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