LyondellBasell Industries N.V. (LYB), headquartered in Houston, Texas, manufactures plastic, chemical, and fuel products. Valued at $31.59 billion by market cap, the company is one of the world’s largest producers of olefins and polyethylene and is the world’s second-largest producer of polypropylene. It develops, manufactures, and markets high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. The leading chemical company is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Friday, Aug. 2.
Ahead of the event, analysts expect LYB to report a profit of $2.32 per share on a diluted basis, down 4.9% from $2.44 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing on one other occasion.
