LyondellBasell Q2 2024: Revenue Down, Net Income Lower

TL;DR

LYB Q2 earnings down YoY, revenue $22.4B vs $24.6B last year. Net income $2.4B vs $3.1B.

AI Summary

LyondellBasell Industries N.V. reported its financial results for the period ending June 30, 2024. The company's revenue from contracts with customers for the first six months of 2024 was $22.4 billion, compared to $24.6 billion for the same period in 2023. Net income attributable to LyondellBasell for the first half of 2024 was $2.4 billion, a decrease from $3.1 billion in the prior year's first half.

Why It Matters

This filing provides insight into LyondellBasell's financial performance, indicating a slowdown in revenue and profitability compared to the previous year, which could impact investor confidence and future strategic decisions.

Risk Assessment

Risk Level: medium — The decrease in revenue and net income compared to the prior year suggests potential market headwinds or operational challenges that warrant attention.

Key Numbers

• $22.4B — Revenue (First six months of 2024)
• $24.6B — Revenue (First six months of 2023)
• $2.4B — Net Income (First six months of 2024)
• $3.1B — Net Income (First six months of 2023)

Key Players & Entities

• LyondellBasell Industries N.V. (company) — Filer
• 20240630 (date) — Period of Report
• $22.4 billion (dollar_amount) — Revenue from contracts with customers for the first six months of 2024
• $24.6 billion (dollar_amount) — Revenue from contracts with customers for the first six months of 2023
• $2.4 billion (dollar_amount) — Net income attributable to LyondellBasell for the first half of 2024
• $3.1 billion (dollar_amount) — Net income attributable to LyondellBasell for the first half of 2023

FAQ

From the Filing

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