earnings
confidence high
sentiment negative
materiality 0.75
LyondellBasell Q2 net income $715M ($2.18 EPS); adj. EPS $2.44; dividend raised 5%
LyondellBasell Industries N.V.
2023-Q2 EPS reported
$3.62
revenue$20,553,000,000
- Q2 net income $715M ($2.18 diluted EPS); adjusted net income $801M ($2.44) vs Q2 2022 net income $1.644B ($4.98).
- Sales $10.3B down 31% YoY from $14.8B; EBITDA $1.38B vs $2.38B YoY.
- Increased quarterly dividend 5% to $1.25/share; returned $508M to shareholders via dividends and buybacks.
- Extended refining operations through no later than end of Q1 2025; raised 2023 Value Enhancement Program target.
- Net cash provided by operating activities $1.3B in Q2; $4.8B trailing twelve months.