LyondellBasell Industries N.V. (LYB), with a market capitalization of $24.5 billion, is a leading chemical company. It produces plastics, chemicals, and fuel products, serving industries such as personal care, fresh food packaging, lightweight plastics, construction, and automotive manufacturing, among others. The Texas-based company expected to announce its fiscal fourth-quarter earnings for 2024 before the market opens on Friday, Jan. 31.
Ahead of the event, analysts expect LYB to report a profit of $0.81 per share on a diluted basis, down 35.7% from $1.26 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing the forecast on two other occasions.
