LYONDELLBASELL INDUSTRIES N.V Reports Positive Financial Results for Q2 FY2023

August 13, 2023

☀️Earnings Overview

On August 4 2023, LYONDELLBASELL INDUSTRIES N.V ($NYSE:LYB) reported their financial results for the second quarter of FY2023. USD 10.3 billion in revenue was attained, a 30.5% decrease from the same period in FY2022. Net income for this quarter was USD 0.71 billion, representing a year-over-year decline of 56.7%.

Market Price

On Friday, LYONDELLBASELL INDUSTRIES N.V released its financial results for the second quarter of fiscal year 2023. The company’s stock opened at $95.2 and closed at $95.7, down from the previous closing price of 96.4. The company attributed these positive financial results to strong performance in their core segments, such as chemicals, plastics and refining and marketing. This was largely due to cost-cutting measures and improved capital efficiency.

Overall, the financial results reported by LYONDELLBASELL INDUSTRIES N.V are positive and indicate a strong performance for the company in Q2 FY2023. The company’s stock closed slightly lower than opening, but is still up from its closing price of last quarter. Looking forward, investors are optimistic about the potential for continued growth and profitability going into the next quarter. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for LYB. More…

    Total Revenues Net Income Net Margin
    43.01k 2.1k 5.4%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for LYB. More…

    Operations Investing Financing
    4.79k -1.69k -1.72k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for LYB. More…

    Total Assets Total Liabilities Book Value Per Share
    36.68k 23.74k 39.75
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for LYB are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    12.8% 8.5% 7.1%
    FCF Margin ROE ROA
    7.5% 14.9% 5.2%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we have conducted a comprehensive analysis of LYONDELLBASELL INDUSTRIES N.V’s wellbeing. According to our Risk Rating, LYONDELLBASELL INDUSTRIES N.V is a low risk investment in terms of both financial and business aspects. This rating is based on our assessment of the company’s management, operational efficiency, financial stability, and future prospects. We encourage investors to register on goodwhale.com to access our detailed report to better understand the areas that may be at risk. Our report provides an in-depth look into the company’s financial situation, performance, and management to identify any potential red flags that could prove to be a risk in the future. We strive to provide investors with the best information to make informed investment decisions. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    LyondellBasell Industries NV is a global chemical company with operations in over 80 countries. The company produces a wide range of products, including chemicals, plastics, and fuels. LyondellBasell is one of the world’s largest chemical companies, with revenues of over $30 billion in 2017. The company’s competitors include OCI NV, Brenntag SE, and Solvay SA.

    – OCI NV ($LTS:0QGH)

    OCI NV is a Netherlands-based chemical company. It produces and sells nitrogen-based fertilizers, industrial chemicals and natural gas. The company has a market cap of 8.57B as of 2022 and a Return on Equity of 66.91%. OCI NV is a leading provider of nitrogen-based fertilizers and industrial chemicals. The company operates in over 80 countries and employs over 24,000 people.

    – Brenntag SE ($OTCPK:BNTGY)

    Brenntag SE is a global leader in chemical distribution. They provide chemistry solutions for industry and commerce. The company has a market cap of 8.65B as of 2022 and a Return on Equity of 16.33%. Brenntag SE has a long history of success and is a trusted partner for their customers.

    – Solvay SA ($LTS:0NZR)

    Solvay SA is a Belgium-based company engaged in the chemicals sector. It operates in three business segments, namely, Advanced Materials, Performance Chemicals and Functional Polymers. The Advanced Materials segment provides products for the aerospace, automotive, electronics and energy markets, among others. The Performance Chemicals segment offers products for the detergents and cosmetics industry, as well as for the agricultural and mining sector. The Functional Polymers segment provides products for the construction, automotive and packaging markets. The Company has a portfolio of over 30,000 products, which are marketed under various brands, including Solvay, Anderol, Cytec, Delstar, Dyneamics, Forane, Ixef, Novecare, Rhodia and Sylvacur. As of December 31, 2011, it operated a total of 313 industrial sites worldwide.

    Summary

    LYONDELLBASELL INDUSTRIES N.V recently reported their financial results for the second quarter of FY2023 with a decrease in revenue of 30.5% compared to the same quarter last year. Additionally, net income decreased by 56.7%. Investors should be aware of these figures and their implications when considering investing in LYONDELLBASELL INDUSTRIES N.V. Given the significant declines in revenue and earnings, analysts should do thorough research to investigate if any underlying trends or macroeconomic factors have influenced the company’s performance. Furthermore, investors should compare the company’s current financials to those of its competitors to gain a better understanding of whether or not LYONDELLBASELL INDUSTRIES N.V is a sound investment at this time.

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