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    LyondellBasell Industries (LYB)

    Q3 2023 Earnings Summary

    Reported on Jan 4, 2025 (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.

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