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LYB $109.01

LYB target price
109.01
0
136
LyondellBasell Industries
Type
Naamloze vennootschap
(public limited company)
Traded as NYSE: LYB
S&P 500 Component
Industry Chemicals
Predecessor Basell Polyolefins
Lyondell Chemical Company
Founded 2007
Headquarters Houston, Texas, United States and London, UK; Rotterdam, Netherlands (legal domicile)
Key people
Bhavesh V. “Bob” Patel, chief executive officer
Products Chemicals, Polymers
Revenue
  • Decrease US$ 44.062 billion (2013)
  • US$ 45.352 billion (2012)
Operating income
  • Increase US$ 5.102 billion (2013)
  • US$ 4.676 billion (2012)
Net income
  • Increase US$ 3.857 billion (2013)
  • US$ 2.848 billion (2012)
Total assets
  • Increase US$ 27.298 billion (2013)
  • US$ 24.22 billion (2012)
Total equity
  • Increase US$ 12.514 billion (2013)
  • US$ 11.179 billion (2012)
Number of employees
13,300 (2013)
Website www.lyondellbasell.com

LyondellBasell Industries N.V. (NYSE: LYB) is a public multinational chemical company with American and European roots, incorporated in the Netherlands, with U.S. operations headquarters in Houston, Texas, and global operations in London, UK. It was formed in December 2007 by the acquisition of Lyondell Chemical Company by Basell Polyolefins for $12.7 billion. LyondellBasell was listed on the New York Stock Exchange on October 14, 2010. Lyondell was delisted from the New York Stock Exchange (formerly NYSE: LYO) after the acquisition.

LyondellBasell's United States operations filed for Chapter 11 bankruptcy protection in January 2009 and emerged from bankruptcy in April 2010.

On March 3, 2015 LyondellBasell filed an unfair labor charge with the National Labor Relations Board against the United Steelworkers as a national refinery strike stretched into its fifth week. The company alleged union members have threatened employees returning to work at facilities affected by the strike and have been using abusive language on social media sites.

As of 2013, Lyondell Chemical Company was the third largest independent chemical manufacturer in the United States. Since its establishment in 1985 from facilities belonging to the Atlantic Richfield Company (ARCO), the company grew through stock swaps with Occidental Chemicals and Millennium Chemicals in 1997 which formed Equistar Chemicals of which each entity were partners. Lyondell purchased the outstanding shares from each of its partners to gain total control of Equistar which is a wholly owned subsidiary of Lyondell. In 2004, Lyondell purchased Millennium Chemicals in a stock-swap deal at $2.3 billion. In August, 2006, Lyondell acquired Citgo's interest in the Lyondell-Citgo Refinery for $2.1 billion, and renamed the facility Houston Refining. Lyondell operates on five continents employing over 11,000 people. It is the global leader in propylene oxide production and the largest North American supplier of styrene monomer. Other products include ethylene, ETBE, polyethylene, and polypropylene.

Chemical maker Basell Polyolefins purchased Lyondell in December 2007, creating the new company LyondellBasell Industries AF S.C.A. It was owned by Access Industries, a privately held, U.S.-based industrial group. LyondellBasell is the third largest independent chemical manufacturer in the world and is headquartered in Rotterdam, The Netherlands. Sales in 2008 were $50.7 billion. The company has 60 manufacturing sites in 19 countries and 15,000 employees. In November 2009, Reliance Industries (controlled by Mukesh Ambani) bid $12 billion for LBI. In February 2010, Reliance raised its offer to $14.5 billion. The offer was rejected.

Faced with debt estimated at $26 billion and unable to reschedule payments to its creditor banks, the company filed for Chapter 11 protection in January 2009. The debt was nearly 13 times the company's operating earnings. Though the company emerged from bankruptcy in 2010, the Lyondell buyout remains a source of controversy, with litigation before Judge Robert Gerber alleging the deal was fraudulent. As of April 2013, motions to dismiss that lawsuit remain pending despite having been filed more than 18 months prior.

In January 2011, LyondellBasell mothballed its Berre, France, refinery, which employs 370 workers, due to poor European margins. The closure dented profit at the company's refining and oxyfuels unit, which makes gasoline and other products.

Apollo Global Management LLC (APO.N) owns nearly one-third of LyondellBasell. The private equity firm invested $1.5 billion in the company when it restructured in 2010.

[3] Retrieved on 2o June 2012

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2022 2022-07-28 Future report Set alerts
Q1 2022 2022-04-29 4.00 4.00
Q4 2021 2022-01-28 3.63 3.63
Q3 2021 2021-10-29 5.25 5.25
Q2 2021 2021-07-30 6.13 6.13
Q1 2021 2021-04-30 3.18 3.18
Q4 2020 2021-01-29 2.19 2.19
Q3 2020 2020-10-30 1.27 1.27
Q2 2020 2020-07-31 0.71 0.71
Q1 2020 2020-05-01 1.51 1.51

Ratings

2016-07-11 Reiterated Rating Nomura Holdings Inc. Hold
2016-07-05 Reiterated Rating Jefferies Group Hold $91.00 to $84.00
2016-06-27 Downgrade RBC Capital Outperform to Sector Perform $100.00 to $84.00
2016-06-27 Downgrade Royal Bank Of Canada Outperform to Sector Perform $100.00 to $84.00
2016-06-23 Downgrade JPMorgan Chase & Co. Overweight to Neutral $100.00 to $80.00
2016-06-16 Reiterated Rating Morgan Stanley Buy
2016-06-13 Downgrade Cowen and Company Outperform to Market Perform $105.00 to $87.00
2016-05-02 Upgrade Nomura Neutral to Buy
2016-05-02 Upgrade Nomura Holdings Inc. Neutral to Buy
2016-04-27 Downgrade Nomura Buy to Neutral $89.00
2016-04-25 Boost Price Target Citigroup Inc. Neutral $94.00 to $96.00
2016-04-21 Reiterated Rating JPMorgan Chase & Co. Buy
2016-04-18 Boost Price Target Citigroup Inc. Neutral $82.00 to $94.00
2016-04-12 Boost Price Target Goldman Sachs $95.00 to $102.00
2016-04-12 Boost Price Target Goldman Sachs Group Inc. $95.00 to $102.00
2016-04-05 Downgrade Atlantic Securities Neutral to Underweight
2016-03-14 Boost Price Target Goldman Sachs $88.00 to $95.00
2016-02-08 Lower Price Target Barclays Overweight $115.00 to $96.00
2016-02-08 Lower Price Target Barclays PLC Overweight $115.00 to $96.00
2016-02-04 Lower Price Target Deutsche Bank Hold $84.00 to $82.00
2016-02-04 Lower Price Target Deutsche Bank AG Hold $84.00 to $82.00
2016-02-03 Lower Price Target Nomura Buy $94.00 to $90.00
2016-02-03 Downgrade RBC Capital Top Pick to Outperform $95.00 to $105.00
2016-01-21 Lower Price Target Deutsche Bank Hold $100.00 to $84.00
2016-01-14 Reiterated Rating Jefferies Group Hold $100.00 to $85.00
2016-01-13 Lower Price Target Nomura $106.00 to $94.00
2016-01-11 Downgrade Credit Agricole Outperform to Underperform
2016-01-11 Downgrade CLSA Outperform to Underperform
2016-01-11 Downgrade Credit Agricole SA Outperform to Underperform
2016-01-05 Lower Price Target Citigroup Inc. $103.00 to $92.00
2015-12-18 Lower Price Target Jefferies Group Hold $106.00 to $100.00
2015-11-25 Lower Price Target Cowen and Company Outperform $105.00 to $98.00
2015-10-27 Upgrade S&P Equity Research Buy $103.00
2015-10-25 Reiterated Rating Nomura Buy $106.00
2015-10-12 Downgrade Macquarie Outperform to Neutral
2015-10-06 Lower Price Target Nomura Buy $110.00 to $106.00
2015-09-17 Lower Price Target Deutsche Bank Hold $100.00 to $95.00
2015-09-10 Initiated Coverage Sanford C. Bernstein Outperform $110.00
2015-09-02 Reiterated Rating Cowen and Company Buy
2015-09-01 Lower Price Target Cowen and Company Outperform $115.00 to $98.00
2015-07-10 Reiterated Rating Credit Suisse Outperform $95.00 to $115.00
2015-07-10 Reiterated Rating Credit Suisse Group AG Outperform $95.00 to $115.00
2015-06-15 Reiterated Rating Jefferies Group Hold $99.00 to $113.00
2015-05-08 Initiated Coverage Standpoint Research Buy $121.00
2015-05-04 Reiterated Rating Susquehanna Positive $105.00 to $120.00
2015-04-28 Boost Price Target Citigroup Inc. Neutral $96.00 to $106.00
2015-04-28 Boost Price Target RBC Capital Top Pick $111.00 to $123.00
2015-04-27 Reiterated Rating Piper Jaffray Neutral $87.00 to $109.00
2015-04-27 Boost Price Target Barclays Overweight $105.00 to $115.00
2015-04-27 Boost Price Target Nomura Buy $111.00 to $122.00
2015-04-27 Boost Price Target Deutsche Bank Hold $96.00 to $105.00
2015-04-27 Boost Price Target Jefferies Group Hold $85.00 to $99.00
2015-04-27 Reiterated Rating Piper Jaffray Cos. Neutral $87.00 to $109.00
2015-03-30 Reiterated Rating Nomura Buy
2015-03-13 Initiated Coverage Argus Hold
2015-02-17 Downgrade Citigroup Inc. Buy to Neutral $101.00 to $96.00
2015-02-13 Downgrade Deutsche Bank Buy to Hold $96.00
2015-02-04 Boost Price Target Deutsche Bank Buy $90.00 to $96.00
2015-02-04 Boost Price Target RBC Capital Top Pick $102.00 to $105.00
2015-01-26 Downgrade Bank of America Buy to Neutral $117.00 to $98.00
2015-01-26 Downgrade Bank of America Corp. Buy to Neutral $117.00 to $98.00
2014-12-16 Initiated Coverage Nomura Buy
2014-12-01 Downgrade Jefferies Group Buy to Hold $110.00 to $85.00
2014-11-20 Lower Price Target Citigroup Inc. Buy $109.00 to $100.00
2014-10-29 Lower Price Target Barclays Overweight $130.00 to $116.00
2014-10-28 Reiterated Rating Citigroup Inc. Buy $121.00 to $109.00
2014-10-28 Reiterated Rating Credit Suisse Outperform $119.00 to $100.00
2014-10-28 Reiterated Rating Jefferies Group Buy $125.00 to $110.00
2014-10-08 Initiated Coverage RBC Capital Top Pick $141.00
2014-10-06 Reiterated Rating Citigroup Inc. Buy $126.00 to $121.00
2014-09-24 Reiterated Rating Citigroup Inc. Buy $121.00 to $126.00
2014-08-06 Boost Price Target Susquehanna $108.00 to $123.00
2014-07-29 Boost Price Target Jefferies Group Buy $120.00 to $125.00
2014-07-28 Reiterated Rating JPMorgan Chase & Co. Overweight $109.00 to $115.00
2014-07-28 Reiterated Rating Citigroup Inc. Buy $105.00 to $121.00
2014-07-28 Boost Price Target Deutsche Bank Buy $108.00 to $125.00
2014-07-09 Boost Price Target Jefferies Group Buy $110.00 to $120.00
2014-06-24 Reiterated Cowen Outperform $98 to $115
2014-06-24 Boost Price Target Cowen and Company Outperform $98.00 to $115.00
2014-06-12 Reiterated Rating JPMorgan Chase & Co. Overweight $99.00 to $109.00
2014-05-20 Reiterated Rating Jefferies Group Buy $105.00 to $110.00
2014-04-30 Reiterated Rating Deutsche Bank Buy $92.00 to $108.00
2014-04-22 Initiated Coverage Atlantic Securities Overweight $115.00
2014-04-15 Reiterated Cowen Outperform $77 to $98
2014-04-15 Boost Price Target Cowen and Company Outperform $77.00 to $98.00
2014-04-11 Boost Price Target Morgan Stanley $91.00 to $100.00
2014-03-19 Boost Price Target Citigroup Inc. $95.00 to $105.00
2014-03-05 Boost Price Target Jefferies Group Buy $91.00 to $105.00
2014-02-28 Reiterated Rating Deutsche Bank Buy $92.00
2014-02-11 Reiterated Rating Deutsche Bank Buy $92.00
2014-02-11 Boost Price Target Barclays Overweight $88.00 to $95.00
2013-12-12 Upgrade RBC Capital Outperform to Top Pick $90.00 to $110.00
2013-10-30 Boost Price Target RBC Capital Outperform $79.00 to $90.00
2013-10-16 Boost Price Target Jefferies Group Buy $83.00 to $90.00
2013-08-28 Reiterated Cowen Outperform $68 to $77
2013-05-23 Reiterated RBC Capital Mkts Outperform $78 to $79
2013-01-09 Reiterated Dahlman Rose Buy $53 to $68
2012-10-22 Reiterated Imperial Capital Outperform $54 to $62
2012-08-27 Downgrade UBS Buy to Neutral $51 to $49
2016-07-11 Reiterated Rating Nomura Holdings Inc. Hold
2016-07-05 Reiterated Rating Jefferies Group Hold $91.00 to $84.00
2016-06-27 Downgrade RBC Capital Outperform to Sector Perform $100.00 to $84.00
2016-06-27 Downgrade Royal Bank Of Canada Outperform to Sector Perform $100.00 to $84.00
2016-06-23 Downgrade JPMorgan Chase & Co. Overweight to Neutral $100.00 to $80.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks