NYSE$LYB
LyondellBasell Industries NV · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
LyondellBasell reported positive earnings driven by improved olefins and polyolefins margins and strong oxyfuels margins, while also progressing on its Value Enhancement Program and Circular & Low Carbon Solutions business.
LyondellBasell reported net income of $715 million, or $2.18 per diluted share, for the second quarter of 2023. The company's EBITDA was $1.4 billion, or $1.5 billion excluding identified items. Global olefins and polyolefins margins improved, and the Value Enhancement Program is progressing ahead of schedule.
- Net income was $715 million, or $801 million excluding identified items.
- Diluted earnings per share was $2.18, or $2.44 excluding identified items.
- EBITDA was $1.4 billion, or $1.5 billion excluding identified items.
- The company increased its 2023 target for the Value Enhancement Program and increased the quarterly dividend by 5% to $1.25 per share.
Headline financials
Revenue & EPS history
LyondellBasell · Revenue · Quarterly
$10.3B
Forward guidance
In the third quarter, the company expects typical benefits from summer seasonality to be more than offset by soft demand due to ongoing economic uncertainty. Stagnant demand, volatile feedstock costs and new capacity in North America and China are challenging petrochemical margins. Summer demand for transportation fuels continues to support attractive oxyfuels and refining margins.
Tailwinds
- Summer demand for transportation fuels continues to support attractive oxyfuels
- Summer demand for transportation fuels continues to support refining margins
- Advancing on the three pillars of our long-term strategy despite near-term macro challenges
- Rapid progress is laying the necessary groundwork to extend our leadership in Circular & Low Carbon Solutions
- Value Enhancement Program being embraced by our entire organization and driving sustainable value for our shareholders
Headwinds
- Typical benefits from summer seasonality to be more than offset by soft demand due to ongoing economic uncertainty
- Stagnant demand is challenging petrochemical margins
- Volatile feedstock costs are challenging petrochemical margins
- New capacity in North America is challenging petrochemical margins
- New capacity in China is challenging petrochemical margins
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
-0.4%
Avg return
Earnings day
-1.0%
Avg return
5 days after
+1.1%
Avg return
30 days after
48%
31 / 64 earnings
Positive
+9.0%
Q2 2012
Best reaction
-7.8%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +0.5% | -1.5% | -10.8% | |
| Q1 2026 | +2.1% | -1.5% | -10.8% | |
| Q3 2025 | +2.3% | -2.7% | +8.4% | |
| Q2 2025 | -7.8% | -14.5% | -2.7% | |
| Q1 2025 | +0.3% | -1.8% | -5.3% | |
| Q4 2024 | -0.6% | +1.1% | +0.9% | |
| Q3 2024 | -3.1% | -0.5% | -4.0% | |
| Q2 2024 | -5.7% | -3.4% | +0.6% | |
| Q1 2024 | +2.0% | -0.2% | -1.1% | |
| Q4 2023 | -1.5% | -0.1% | +5.1% | |
| Q3 2023 | +0.8% | +0.0% | +4.8% | |
| Q2 2023 | +2.0% | +3.0% | +4.7% | |
| Q1 2023 | +2.4% | -2.0% | -4.4% | |
| Q4 2022 | +2.5% | +2.6% | +0.9% | |
| Q3 2022 | -7.3% | -5.2% | +5.2% | |
| Q2 2022 | -1.8% | -3.3% | -1.9% | |
| Q1 2022 | +1.8% | +9.3% | +10.3% | |
| Q4 2021 | +0.9% | +4.7% | +2.2% | |
| Q3 2021 | -2.1% | -2.9% | -7.2% | |
| Q2 2021 | -1.6% | -3.5% | +2.3% | |
| Q1 2021 | +0.4% | +4.2% | +4.8% | |
| Q4 2020 | -0.6% | +2.3% | +18.2% | |
| Q3 2020 | -0.4% | -3.7% | +21.7% | |
| Q2 2020 | -4.8% | +0.8% | +4.4% | |
| Q1 2020 | -6.2% | -10.1% | +10.0% | |
| Q4 2019 | -5.5% | +0.8% | -14.4% | |
| Q3 2019 | +7.8% | +8.2% | +3.2% | |
| Q2 2019 | -6.4% | -6.8% | -5.0% | |
| Q1 2019 | +0.5% | -2.5% | -12.1% | |
| Q4 2018 | +0.8% | +0.3% | -2.2% | |
| Q3 2018 | +0.9% | +5.3% | +5.2% | |
| Q2 2018 | +4.2% | +4.2% | +4.0% | |
| Q1 2018 | -0.7% | -1.6% | +6.8% | |
| Q4 2017 | -7.5% | -6.2% | -8.8% | |
| Q3 2017 | +4.7% | +2.2% | +3.1% | |
| Q2 2017 | +4.1% | +2.1% | +4.3% | |
| Q1 2017 | -4.5% | -6.3% | -7.7% | |
| Q4 2016 | +1.3% | -2.2% | -1.6% | |
| Q3 2016 | -2.7% | -1.4% | +14.6% | |
| Q2 2016 | -5.2% | -6.9% | +0.2% | |
| Q1 2016 | -2.7% | — | — | |
| Q4 2015 | -2.3% | — | — | |
| Q3 2015 | -2.2% | — | — | |
| Q2 2015 | +4.4% | — | — | |
| Q1 2015 | +6.1% | — | — | |
| Q4 2014 | +4.1% | — | — | |
| Q3 2014 | -7.6% | — | — | |
| Q2 2014 | +7.1% | — | — | |
| Q1 2014 | +1.9% | — | — | |
| Q4 2013 | -1.1% | — | — | |
| Q3 2013 | -0.3% | — | — | |
| Q2 2013 | -0.5% | — | — | |
| Q1 2013 | +0.9% | — | — | |
| Q4 2011 | +2.9% | — | — | |
| Q4 2012 | -3.7% | — | — | |
| Q3 2012 | -0.0% | — | — | |
| Q2 2012 | +9.0% | — | — | |
| Q1 2011 | -6.3% | — | — | |
| Q1 2012 | -6.3% | — | — | |
| Q3 2011 | +1.1% | — | — | |
| Q2 2011 | +4.2% | — | — | |
| Q4 2010 | +1.7% | — | — | |
| Q3 2010 | -0.5% | — | — | |
| Q2 2010 | -4.3% | — | — | |
| Q1 2010 | — | — | — |
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