LyondellBasell income nears $600 million for first quarter

qiangzi

Tuesday, May 1, 2012

+ f5 I3 E9 k9 ]6 j% j" W" M& @5 e6 uRotterdam, Netherlands - LyondellBasell Industries announced net income for the first quarter 2012 of $599 million, or $1.04 per share. First-quarter 2012 EBITDA was $1.236 billion, a 131% increase from the fourth quarter 2011. Sales for the quarter were $11.8 billion, down from $12.2 billion from the year earlier period. During the first quarter 2012, results improved across all business segments over the fourth quarter 2011. The most notable improvements were in the olefins and polyolefins – Americas segment, which benefited from increased product pricing and lower feedstock costs, and in the refining and oxyfuels segment, which saw higher margins at the Houston refinery, abnormally strong margins in oxyfuels for this time of year, and the suspension of operations at the Berre refinery in early January.