{"id":11270,"date":"2019-02-04T12:58:19","date_gmt":"2019-02-04T11:58:19","guid":{"rendered":"https:\/\/php8.plastv.de\/?p=11270"},"modified":"2019-02-01T13:00:33","modified_gmt":"2019-02-01T12:00:33","slug":"lyondellbasell-reports-2018-earnings","status":"publish","type":"post","link":"https:\/\/plas.tv\/?p=11270","title":{"rendered":"LyondellBasell Reports 2018 Earnings"},"content":{"rendered":"
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  • Net Income: $0.7 billion<\/span> in the fourth quarter; $4.7 billion<\/span> in 2018<\/strong><\/li>\n
  • Diluted earnings per share: $1.79<\/span> per share in the fourth quarter; $12.01<\/span> per share in 2018<\/strong><\/li>\n
  • EBITDA: $1.2 billion<\/span> in the fourth quarter; $6.9 billion<\/span> in 2018<\/strong><\/li>\n
  • Record annual EBITDA for Intermediates & Derivatives and Technology segments<\/strong><\/li>\n
  • Implemented our tenth dividend increase to $1.00<\/span> per share in 2018<\/strong><\/li>\n
  • Paid dividends and repurchased 11.5 million shares totaling $1.4 billion<\/span> in the fourth quarter; $3.4 billion<\/span> in 2018<\/strong><\/li>\n<\/ul>\n

    LyondellBasell Industries (NYSE: LYB) announced net income for the fourth quarter 2018 of $0.7 billion<\/span>, or $1.79<\/span> per share.\u00a0 Fourth quarter 2018 EBITDA was $1.2 billion<\/span>.\u00a0 Full year 2018 net income was $4.7 billion<\/span>, or $12.01<\/span> per share, and EBITDA was $6.9 billion<\/span>.\u00a0 The full year 2018 included a $346 million<\/span> non-cash tax settlement that increased earnings by $0.88<\/span> per share and $73 million<\/span> of transaction and integration costs that decreased earnings by $0.14<\/span> per share.\u00a0 Integration activities related to the acquisition of A. Schulman are on schedule with $47 million<\/span> in forward annual run-rate synergies as of December 31, 2018<\/span>.<\/p>\n

    “During the past year LyondellBasell extended our proven track record of delivering strong earnings for our shareholders.\u00a0 Despite market challenges in the second half of 2018 and both planned and unplanned downtime that impacted fourth quarter earnings by approximately $225 million<\/span>, we leveraged the diversity of our global business portfolio and the agility of our commercial teams to generate approximately $5.5 billion<\/span> of cash from operating activities for the year.\u00a0 In 2018 we improved upon our company safety record and established new EBITDA records in our Intermediates & Derivatives and Technology segments through market improvements, targeted contracting strategies and an increased number of polyolefin technology licenses,” said Bob Patel<\/span>, LyondellBasell CEO.<\/p>\n

    “Our fourth quarter results were impacted by the extraordinary fall in the price of crude oil, unusual operational events and a very difficult refining market.\u00a0 As oil prices fell by 40% during the fourth quarter, our non-U.S. Olefins and Polyolefins business experienced declining demand as customers delayed orders and destocked inventories in expectations of lower pricing.\u00a0 This destocking and associated pricing pressures compounded the effects of typical fourth quarter seasonality.\u00a0 Our Olefins and Polyolefins, Europe<\/span>, Asia<\/span> and International segment was also impacted by decreased automotive demand, low water levels on the Rhine River, extended maintenance at our Wesseling, Germany<\/span> cracker and feedstock supply constraints at our M\u00fcnchsm\u00fcnster, Germany<\/span> cracker during the fourth quarter.\u00a0 High U.S. gasoline inventories and unusually weak discounts for Maya crude oil pressured our fourth quarter refining margins.\u00a0 Nevertheless, we are well positioned to capture the benefits of expected refining market improvements with no planned maintenance at our refinery in 2019 or 2020.”<\/p>\n

    “With the acquisition of A. Schulman in August, we captured an opportunity to expand into new markets, created an additional platform for growth and realized $47 million<\/span> in forward annual run-rate synergies, with more to come in 2019 and 2020.\u00a0 We managed our business portfolio by launching an innovative recycling joint venture with Suez, strengthening our joint venture footprint in Asia<\/span>, divesting a carbon black subsidiary in France<\/span> and working toward the consolidation of assets from Linde at our La Porte, Texas<\/span> site.\u00a0 In February, we increased our quarterly dividend by 11% and we returned $3.4 billion<\/span> to shareholders in dividends and share repurchases during 2018,” Patel said.<\/p>\n

    OUTLOOK<\/b>
    \n“During the first weeks of the year, we have seen normalization of markets with increased polymer demand and modest improvements in the discount for Maya crude oil.\u00a0 LyondellBasell’s growth accelerates in 2019 with the planned startup of our Hyperzone<\/i> polyethylene plant and continued construction on our new PO\/TBA plant which is on track for completion in 2021.\u00a0 Global polyethylene capacity additions are expected to moderate during 2019 and 2020, providing support for high industry operating rates and ethylene chain profitability.”<\/p>\n

    “Our strong balance sheet offers optionality for investment in our organic growth pipeline and value-creating inorganic opportunities while our cash flows continue to provide significant shareholder returns,” said Patel.<\/p>\n

    Quelle: LyondellBasell<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    LyondellBasell Industries announced net income for the fourth quarter 2018 of $0.7 billion, or $1.79 per share. Fourth quarter 2018 EBITDA…<\/p>\n","protected":false},"author":2,"featured_media":7408,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,16],"tags":[],"series":[],"class_list":["post-11270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-plas-tv-meldungen-auf-der-startseite-unterhalb-slider","category-plast-tv-textmeldungen"],"_links":{"self":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/11270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11270"}],"version-history":[{"count":3,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/11270\/revisions"}],"predecessor-version":[{"id":11273,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/11270\/revisions\/11273"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/media\/7408"}],"wp:attachment":[{"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11270"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fseries&post=11270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}