Edition:
United States

LyondellBasell Industries NV (LYB.N)

LYB.N on New York Stock Exchange

90.05USD
18 Jan 2017
Change (% chg)

$0.08 (+0.09%)
Prev Close
$89.97
Open
$89.99
Day's High
$90.71
Day's Low
$89.61
Volume
563,034
Avg. Vol
722,467
52-wk High
$93.75
52-wk Low
$69.12

Latest Key Developments (Source: Significant Developments)

Lyondellbasell board authorizes interim dividend
Friday, 18 Nov 2016 06:45am EST 

Lyondellbasell Industries Nv : Lyondellbasell board authorizes interim dividend .Lyondellbasell Industries Nv - has authorized company's management board to declare an interim dividend of $0.85 per share.  Full Article

Lyondellbasell qtrly earnings per share excluding items $2.45
Friday, 29 Jul 2016 07:00am EDT 

Lyondellbasell Industries Nv : Qtrly earnings per share excluding items $2.45 . During q3, chemical and polyolefin markets thus far have generally been well balanced with trends similar to q2 . "during second half of year our plant maintenance schedule continues to be significant with turnarounds at additional o&p and i&d facilities" . Q2 earnings per share view $2.51, revenue view $7.61 billion -- Thomson Reuters I/B/E/S . Increased q2 2016 interim dividend by 9% to $0.85 per share . Qtrly earnings per share $2.56 . Lyondellbasell says "during q3, chemical and polyolefin markets thus far have generally been well balanced with trends similar to q2" . "within our system, refinery repairs have been completed, and corpus christi ethylene plant expansion is expected to be completed by end of q3" .Qtrly sales and other operating revs $7.33 billion versus $9.15 billion last year.  Full Article

U.S. judge restores intentional fraudulent transfer claim in Lyondell case
Wednesday, 27 Jul 2016 11:36am EDT 

: U.S. judge restores intentional fraudulent transfer claim in connection with lyondell chemical's 2007 leveraged buyout--ruling . U.S. district judge denise cote says claim seeks to claw back about $6.3 billion distributions made to lyondell shareholders via lbo . Judge says claim was made by lyondell's unsecured creditors through their trustee . Cote reverses November 2015 ruling by a federal bankruptcy judge that had dismissed intentional fraud claim.  Full Article

LyondellBasell authorizes interim dividend of $0.85 per share
Friday, 22 Jul 2016 09:00am EDT 

Lyondellbasell Industries NV : Supervisory board has authorized company's management board to declare an interim dividend of $0.85 per share .Supervisory board has authorized company's management board to declare an interim dividend of $0.85 per share.  Full Article

Lyondellbasell Industries says Principal Accounting Officer has decided to leave co
Tuesday, 7 Jun 2016 01:02pm EDT 

Lyondellbasell Industries Nv : William Allen, Vice President - Finance And Principal Accounting Officer Has Decided To Leave Co Effective At End Of June Source (http://bit.ly/1UcH26k) Further company coverage: [LYB.N] ((Bengaluru Newsroom; +1 646 223 8780;)).  Full Article

LyondellBasell amends credit agreement, increases facility size to $2.5 bln
Monday, 6 Jun 2016 05:36pm EDT 

LyondellBasell Industries Nv : Entered into amendment no. 1 to credit agreement which increased facility size from $2.0 billion to $2.5 billion .Term of existing $2.0 billion credit agreement dated June 5, 2014 was extended for one year until June 5, 2021.  Full Article

Lyondellbasell approves new share repurchase program, increases dividend
Friday, 13 May 2016 09:14am EDT 

Lyondellbasell Industries Nv : Supervisory board has authorized company's management board to declare an interim dividend of $0.85 per share . New dividend representing a nine percent increase from company's q1 2016 dividend . Approved a new share repurchase program authorizing company to repurchase up to 10% of company's shares over next 18 months .Lyondellbasell announces new share repurchase program and increased dividend.  Full Article

Lyondellbasell Industries NV refinery production cut after fire -sources - Reuters News
Tuesday, 12 Apr 2016 02:08am EDT 

Lyondellbasell Industries NV:Lyondell Basell Industries' 263,776 barrel per day (bpd) Houston refinery is operating at 32 percent below capacity and 18 percent below planned production levels due to the shutdown of a coking unit hit by a fire on Friday, Gulf Coast market sources said on Monday - RTRS.The refinery was operating at about 180,000 bpd on Monday, but that level may fall further after one of two vacuum distillation units was shut down, the sources said.Energy industry intelligence service Genscape said a 95,550 bpd VDU shut down on Monday afternoon. The 42,000 bpd delayed coking unit, where a fire broke out on Friday morning, is expected to be shut for two months of repairs, the sources said.Lyondell did not immediately reply to a request for comment. The two VDUs at the refinery are of similar size.Friday's fire sent a layer of heavy smoke over sections of Houston, but resulted in no injuries.But on Saturday, a worker at the refinery was injured when the seal failed on a unit in the reformer area, dousing the individual in hot liquid. The worker was taken to an area hospital for treatment.It was the second time a worker was burned by a spray of hot liquid at the refinery. An operations employee was burned on Feb. 29.  Full Article

LyondellBasell Industries N.V Sells Argentina-based Petroken to Grupo Inversor Petroquímica
Friday, 5 Feb 2016 03:04pm EST 

LyondellBasell Industries N.V:Sells Argentina-based Petroken to Grupo Inversor Petroquímica.Says deal valued at $184 mln.  Full Article

LyondellBasell Industries N.V. names new CFO
Friday, 6 Nov 2015 10:16am EST 

LyondellBasell Industries N.V:Names thomas aebischer executive vice president and chief financial officer.Thomas aebischer has been appointed executive vice president and chief financial officer effective January 1, 2016.Says aebischer joins LyondellBasell after having served in many positions, including CFO, over a nearly 20-year career with holcim.  Full Article

Top Lyondell refining executives leaving before refinery sale: sources

HOUSTON Two top U.S. refining executives are leaving LyondellBasell Industries as the company nears an agreement to sell its Houston refinery, sources familiar with the matter said on Tuesday.