LyondellBasell Earnings: Global Supply Constraints Provide Near-Term Tailwinds for Lyondell

LyondellBasell's first-quarter results saw adjusted EBITDA up year over year, driven by the US-Iran conflict and the resulting supply shock, as well as the company's cost-reduction initiatives. Lyondell shares were up 2% at the time of writing as the market reacted to management's bullish outlook.