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

May 3, 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 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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How we make money

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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To learn more about how we handle and protect your data, visit our privacy center.

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Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.

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Westlake Corp

New Morningstar Analyst Report for Westlake Chemical Corp

Business Strategy and Outlook

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