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Sep 30, 2024
LyondellBasell Q3 2024 Earnings Report
LyondellBasell reported earnings for Q3 2024.
Key Takeaways
LyondellBasell reported a net income of $573 million, or $1.75 per diluted share, for the third quarter of 2024. The company's EBITDA was $1.2 billion. Strong North American operations capitalized on favorable ethylene margins, while progress was made towards building a profitable Circular and Low Carbon Solutions business.
Net income was $573 million, or $1.75 per diluted share.
EBITDA reached $1.2 billion.
Cash from operating activities totaled $670 million.
Returned $479 million to shareholders through dividends and share repurchases.
Forward Guidance
In the fourth quarter, the company expects year-end seasonality to result in softer demand across most businesses. Sequentially higher natural gas and ethane feedstock costs are expected to moderate North American integrated polyolefins margins during the fourth quarter. Oxyfuels and refining margins are expected to continue to decline with low gasoline crack spreads and the conclusion of the summer driving season.
Positive Outlook
- Easing interest rates are expected to improve demand for durable goods during 2025, benefiting the company's polypropylene and I&D businesses.
Challenges Ahead
- Year-end seasonality is expected to result in softer demand across most businesses.
- Sequentially higher natural gas and ethane feedstock costs are expected to moderate North American integrated polyolefins margins during the fourth quarter.
- Oxyfuels and refining margins are expected to continue to decline with low gasoline crack spreads and the conclusion of the summer driving season.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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