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Dec 31, 2019
LyondellBasell Q4 2019 Earnings Report
LyondellBasell reported earnings for Q4 2019.
Key Takeaways
LyondellBasell reported a net income of $0.6 billion, or $1.83 per share for the fourth quarter of 2019. The EBITDA for the quarter was $1.2 billion. The Technology business achieved record licensing revenues, contributing to the most profitable year in company history for the segment.
Net income was $0.6 billion in the fourth quarter.
Diluted earnings per share were $1.83 per share in the fourth quarter.
EBITDA was $1.2 billion in the fourth quarter.
Cash from operating activities was $1.2 billion in the fourth quarter.
LyondellBasell
LyondellBasell
Forward Guidance
LyondellBasell anticipates typical seasonal improvements for their businesses as they progress through the second and third quarters of 2020.
Positive Outlook
- Typical seasonal improvements for our businesses as we progress through the second and third quarters of 2020.
- Favorable resolution of trade policies could provide significant upside for our industry.
- A rebound in industrial demand could provide significant upside for our industry.
- Expected benefits from the IMO 2020 regulations for our Houston Refinery.
- Completion of our new Hyperzone project.