Q3 2023 Earnings Summary
Reported on Oct 27, 2023 (Before Market Open)
Pre-Earnings Price$89.86Last close (Oct 26, 2023)
Post-Earnings Price$90.60Open (Oct 27, 2023)
Price Change
$0.74(+0.82%)
- Exceptional Q3 performance due to skyrocketing oxyfuels margins, enabled by LyondellBasell's new PO/TBA facilities, demonstrating the company's agility and capacity to maximize value from strategic investments.
- Strong cash flow performance and disciplined capital allocation, with commitments to shareholders including a 70% payout target for free cash flow, highlighting the company's focus on delivering shareholder value.
- Demand in the polypropylene segment is showing growth quarter-over-quarter, particularly in the automotive sector, indicating positive trends and potential for future growth in the company's portfolio.
Research analysts covering LyondellBasell Industries.