Westlake Corp

WLK: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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New Morningstar Analyst Report for Westlake Chemical Corp

David Wang , Daniel Rohr

Apr 6, 2016

Business Strategy and Outlook

In our view, years of record profits are over for U.S. olefin producers that make ethylene, a chemical building block for plastics. Westlake Chemical Corp. generates the overwhelming majority of its profits from U.S. olefin production and serves as a play on the oil/gas price ratio as well as the fractionation spread, the difference between gas and natural gas liquid, or NGL, prices.

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Westlake Corp

New Morningstar Analyst Report for Westlake Chemical Corp

Business Strategy and Outlook

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