With a market cap of $20.1 billion, LyondellBasell Industries N.V. (LYB) is one of the world's largest chemical and plastics manufacturers, producing materials used in packaging, automotive, construction, consumer goods, healthcare, and industrial applications. The company is headquartered in Houston, Texas, with global manufacturing operations across North America, Europe, and Asia.
LYB is gearing up to announce its second-quarter results before the market opens on Friday, July 31. Ahead of the event, analysts expect LYB to deliver a non-GAAP profit of $3.56 per share, up 474.2% from $0.62 per share reported in the year-ago quarter. While the company has exceeded Street estimates on the bottom line twice over the past four quarters, it has missed projections on two other occasions.
