Houston, Texas-based LyondellBasell Industries N.V. (LYB) is a major petrochemical and chemical company. With a market cap of $14.3 billion, it produces and markets key chemical building blocks such as ethylene, propylene, polyethylene and polypropylene, along with a wide range of polymers, specialty chemicals, and fuels, which are used in everyday applications including packaging, automotive components, construction materials, textiles, and consumer goods. The company’s operations are organized into Olefins & Polyolefins, Intermediates & Derivatives, Advanced Polymer Solutions, Refining, and Technology segments, and it also licenses processing technologies to other producers.
The chemical giant is gearing up to announce its fourth-quarter results soon. Ahead of the event, analysts expect LYB to deliver a non-GAAP profit of $0.19 per share, down 74.7% from $0.75 per share reported in the year-ago quarter. While the company has met or exceeded Street estimates on the bottom line twice over the past four quarters, it has missed projections on two other occasions.
