earnings
confidence high
sentiment positive
materiality 0.85
LyondellBasell Q2 net income $924M, EPS $2.82; dividend raised 7% to $1.34
LyondellBasell Industries N.V.
2024-Q2 EPS reported
$4.25
revenue$20,483,000,000
- Net income of $924M ($2.82 diluted EPS); adjusted net income $734M ($2.24 EPS).
- Sales of $10.6B, up 2.4% YoY; EBITDA of $1.6B vs $1.4B in Q2 2023.
- Completed divestment of EO&D business; acquired 35% stake in NATPET polypropylene JV in Saudi Arabia.
- Returned $513M to shareholders via dividends and buybacks; quarterly dividend increased 7% to $1.34/share.
- Announced strategic review of European assets; cash from operations of $1.3B.