LyondellBasell Q4 net income $185M; announces divestiture and acquisition, dividend up 5%

LyondellBasell Industries N.V.

2023-FY EPS reported $6.46 revenue$41,107,000,000

Q4 net income $185M ($411M ex-items); GAAP EPS $0.56, adjusted $1.26.
Generated $1.5B operating cash flow (171% conversion); returned $406M in dividends.
FID to build first commercial-scale catalytic advanced recycling plant using MoReTec.
Divesting Ethylene Oxide & Derivatives for $700M; acquiring 35% of NATPET for $500M.
Full-year net income $2.1B ($2.8B ex-items); diluted EPS $6.46 ($8.65); EBITDA $4.5B ($5.2B).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LyondellBasell Industries N.V. reported Full Year 2023 results: net income $2.1 billion, EPS $6.46 per share.

Period: Full Year 2023
Net income: $2.1 billion
EPS: $6.46 per share
Result: reported results

Exact text from the filing

Full Year 2023 Highlights Delivered resilient results amid bottoming markets • Net Income: $2.1 billion, $2.8 billion excluding identified items • Diluted earnings per share: $6.46 per share, $8.65 per share excluding identified items

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LyondellBasell Industries N.V. reported the quarter ended December 31, 2023 results: net income $185 million, EPS $0.56 per share.

Period: the quarter ended December 31, 2023
Net income: $185 million
EPS: $0.56 per share
Result: reported results

Exact text from the filing

On February 2, 2024, LyondellBasell Industries N.V. announced earnings results for the quarter ended December 31, 2023 and provided a supplemental discussion of segment results.

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13 earnings releases filed in the last 30 days. Browse all earnings releases →

LyondellBasell Industries N.V. filing history →

Source: SEC EDGAR

accession 0001489393-24-000005

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