LyondellBasell Industries NV Class A

LYB: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$355.00	Tkjbyv	Jnwvnbly

LyondellBasell Earnings: Sequential Growth Supports Our Recovery Thesis

Seth Goldstein

Apr 26, 2024

LyondellBasell's first-quarter results showed demand was recovering in line with our outlook for the cadence of the year. Adjusted EBITDA rose sequentially from the fourth quarter driven by profit growth in most segments. In 2024, we think Lyondell will generate higher profits from a favorable price-to-cost spread and improved volumes, which will allow the company to run its plants at a higher capacity utilization.

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