LyondellBasell Industries NV Class A
LYB: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| xH | LOCK|%#MVJ | LOCK|<qGjTwX |
LyondellBasell Earnings: Tight Supply Remains a Boon for Lyondell; Shares Undervalued
LyondellBasell reported another strong quarter, with a step-up in oxyfuel margins driving growth. EBITDA fell to $1.5 billion from the near-record $2.1 billion set in the second quarter. This was driven by lower sequential pricing and volumes in plastics as the Iran conflict temporarily abated.
