{"id":13233,"date":"2019-05-08T08:24:46","date_gmt":"2019-05-08T06:24:46","guid":{"rendered":"https:\/\/php8.plastv.de\/?p=13233"},"modified":"2019-05-06T16:06:23","modified_gmt":"2019-05-06T14:06:23","slug":"lyondellbasell-reports-first-quarter-2019-earnings","status":"publish","type":"post","link":"https:\/\/plas.tv\/?p=13233","title":{"rendered":"LyondellBasell Reports First Quarter 2019 Earnings"},"content":{"rendered":"<div class=\"grid__item\"><\/div>\n<div class=\"grid__item desk--two-thirds\">\n<div class=\"grid\">\n<div class=\"grid__item\">\n<div class=\"text\">\n<p>&nbsp;<\/p>\n<ul type=\"disc\">\n<li>Net Income: <span class=\"xn-money\">$0.8 billion<\/span><\/li>\n<li>Diluted earnings per share: <span class=\"xn-money\">$2.19<\/span> per share<\/li>\n<li>EBITDA: <span class=\"xn-money\">$1.4 billion<\/span><\/li>\n<li>Issued dividends and repurchased shares totaling <span class=\"xn-money\">$884 million<\/span>; 5.6 million shares repurchased during the first quarter<\/li>\n<\/ul>\n<p>Comparisons with the prior quarter and first quarter 2018\u00a0are available in the following table:<\/p>\n<p><b>Table 1 &#8211; Earnings Summary<\/b><\/p>\n<div>\n<table id=\"convertedTablec96d\" class=\"prntblns\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"prngen2\" rowspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>Millions of U.S. dollars (except share data)<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March\u00a031,<br \/>\n2019<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December\u00a031,<br \/>\n2018<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March\u00a031,<br \/>\n2018<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Sales and other operating revenues<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$8,778<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$8,876<\/span><\/p>\n<\/td>\n<td class=\"prnsbtb1 prnrbrs prnvab prnsbbb1 prntar prnpl6 prnsblb1 prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$9,767<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net income<\/span><\/p>\n<\/td>\n<td class=\"prnsbts prnrbrb1 prnvab prnsbbb1 prntar prnpl6 prnsbls prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">817<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">692<\/span><\/p>\n<\/td>\n<td class=\"prnsbts prnrbrs prnvab prnsbbb1 prntar prnpl6 prnsblb1 prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,231<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Diluted earnings per share<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.19<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.79<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3.11<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Weighted average diluted share count<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">372<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">381<\/span><\/p>\n<\/td>\n<td class=\"prnsbtb1 prnrbrs prnvab prnsbbb1 prntar prnpl6 prnsbls prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">395<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">EBITDA <sup>(a)<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prnsbts prnrbrb1 prnvab prnsbbs prntar prnpl6 prnsbls prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,428<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,212<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,913<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div>\n<table id=\"convertedTable7670\" class=\"prntblns\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(a)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">See the end of this release for an explanation of the Company&#8217;s use of EBITDA and Table 9 for reconciliations of EBITDA to net income.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>LyondellBasell Industries (NYSE: LYB) announced net income for the first quarter 2019 of <span class=\"xn-money\">$0.8 billion<\/span>, or <span class=\"xn-money\">$2.19<\/span> per share.\u00a0 First quarter 2019 EBITDA was <span class=\"xn-money\">$1.4 billion<\/span>.\u00a0 Integration activities related to the acquisition of A. Schulman are on schedule and estimated to have generated <span class=\"xn-money\">$85 million<\/span> in forward annual run-rate synergies.<\/p>\n<p>&#8220;LyondellBasell began 2019 with strong operational performance, increasing sales volumes in <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">Asia<\/span> and delivering promised value from the A. Schulman acquisition.\u00a0 EBITDA for our Olefins and Polyolefins &#8211; <span class=\"xn-location\">Europe<\/span>, <span class=\"xn-location\">Asia<\/span>, International segment rebounded with a 133 percent improvement over the fourth quarter 2018 and a strong recovery in polyolefins\u00a0sales volumes.\u00a0 EBITDA for our Advanced Polymer Solutions segment demonstrated the promised quarterly synergies in addition to achieving our expectations for significant improvement in baseline business performance.\u00a0 Our Houston refinery delivered another quarter of highly reliable operations, reducing the effects of a challenging refining market,&#8221; said <span class=\"xn-person\">Bob Patel<\/span>, LyondellBasell CEO.<\/p>\n<p>&#8220;Market demand improved in the first quarter as the industry recovered from an unusually slow fourth quarter.\u00a0 During the first quarter, sales volumes increased 14 percent for polypropylene globally, 9 percent for propylene oxide and derivatives and 15 percent for polypropylene compounds in Europe.\u00a0 We continued to advance our value-driven growth strategy by actively managing our asset portfolio with the acquisition of a syngas plant in <span class=\"xn-location\">La Porte, Texas<\/span> and the increase of our ownership of methanol production at the site to 100 percent,&#8221; Patel said.<b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/b><\/p>\n<p><b>OUTLOOK<\/b><\/p>\n<p>&#8220;In the first few weeks of April we have seen signs of industry improvement.\u00a0 The strength in market sentiment is driving higher margins for our Olefins &amp; Polyolefins &#8211; EAI segment.\u00a0 In our Olefins &amp; Polyolefins &#8211; Americas segment we are seeing volume improvement as we enter a period of strong seasonal demand.\u00a0 The refining market is also improving with increasing\u00a0gasoline spreads\u00a0and wider discounts for heavy sour crude oil.\u00a0 Looking beyond the quarter, we will advance our growth strategy and increase our earnings with a robust pipeline of licensing revenue for 2019 in addition to the third quarter start-up of our world-scale HDPE plant which utilizes our innovative <i>Hyperzone<\/i> technology,&#8221; Patel said.<\/p>\n<p><b>LYONDELLBASELL BUSINESS RESULTS DISCUSSION BY REPORTING SEGMENT<\/b><\/p>\n<p>LyondellBasell manages operations through six operating segments: 1) Olefins and Polyolefins &#8211; Americas; 2) Olefins and Polyolefins &#8211; <span class=\"xn-location\">Europe<\/span>, <span class=\"xn-location\">Asia<\/span> and International; 3) Intermediates and Derivatives; 4) Advanced Polymer Solutions; 5) Refining; and 6) Technology.\u00a0 Results for our Advanced Polymer Solutions segment incorporates the businesses acquired from A. Schulman beginning on <span class=\"xn-chron\">August 21<\/span>, 2018.\u00a0 Historical segment results for Olefins and Polyolefins &#8211; Americas and Olefins and Polyolefins &#8211; <span class=\"xn-location\">Europe<\/span>, <span class=\"xn-location\">Asia<\/span> and International prior to the acquisition were recast as a result of the shift of polypropylene compounds, <i>Catalloy<\/i> and polybutene-1 product lines to Advanced Polymer Solutions.<\/p>\n<p><b><u>Olefins &amp; Polyolefins &#8211; Americas (O&amp;P-Americas)<\/u><\/b>\u00a0&#8211; Our O&amp;P-Americas segment produces and markets Olefins &amp; Co-products, polyethylene and polypropylene.<\/p>\n<p><b>Table 2 &#8211; O&amp;P-Americas Financial Overview<\/b><\/p>\n<div>\n<table id=\"convertedTable273c\" class=\"prntblns\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"prngen2\" rowspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>Millions of U.S. dollars<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March\u00a031,<br \/>\n2019<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December\u00a031,<br \/>\n2018<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March\u00a031,<br \/>\n2018<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating income<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$384<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$507<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$629<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">EBITDA<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">516<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">631<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">756<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><b>Three months ended <span class=\"xn-chron\">March 31, 2019<\/span> versus three months ended <span class=\"xn-chron\">December 31, 2018<\/span> <\/b>&#8211; EBITDA decreased <span class=\"xn-money\">$115 million<\/span> versus the fourth quarter 2018.\u00a0 Compared with the prior period, olefins results decreased <span class=\"xn-money\">$130 million<\/span>.\u00a0 Ethylene margin declined as the price of ethylene decreased <span class=\"xn-money\">$42<\/span> per metric ton.\u00a0 Polyolefins results declined nearly <span class=\"xn-money\">$30 million<\/span> primarily due to decreases in margin for both polyethylene and polypropylene.<\/p>\n<p><b>Three months ended <span class=\"xn-chron\">March 31, 2019<\/span> versus three months ended <span class=\"xn-chron\">March 31, 2018<\/span> <\/b>&#8211; EBITDA decreased <span class=\"xn-money\">$240 million<\/span> versus the first quarter 2018.\u00a0 Compared with the prior period, olefins results decreased <span class=\"xn-money\">$110 million<\/span>.\u00a0 Ethylene margin declined as the price of ethylene decreased <span class=\"xn-money\">$79<\/span> per metric ton.\u00a0 Polyolefins results decreased approximately <span class=\"xn-money\">$120 million<\/span> driven by a spread decline in polyethylene over ethylene of <span class=\"xn-money\">$132<\/span> per metric ton and a decrease in volume.<\/p>\n<p><b><u>Olefins &amp; Polyolefins &#8211; <span class=\"xn-location\">Europe<\/span>, <span class=\"xn-location\">Asia<\/span>, International (O&amp;P-EAI)<\/u><\/b><b>\u00a0<\/b>&#8211; Our O&amp;P-EAI segment produces and markets Olefins and Co-products, polyethylene and polypropylene.<\/p>\n<p><b>Table 3 &#8211; O&amp;P-EAI Financial Overview<\/b><\/p>\n<div>\n<table id=\"convertedTablec4a4\" class=\"prntblns\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"prngen2\" rowspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>Millions of U.S. dollars<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March\u00a031,<br \/>\n2019<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December\u00a031,<br \/>\n2018<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March\u00a031,<br \/>\n2018<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating income<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$186<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$15<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$281<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">EBITDA<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">296<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">127<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">419<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><b>Three months ended <span class=\"xn-chron\">March 31, 2019<\/span> versus three months ended <span class=\"xn-chron\">December 31, 2018<\/span> <\/b>&#8211; EBITDA increased <span class=\"xn-money\">$169 million<\/span> versus the fourth quarter 2018, which included a <span class=\"xn-money\">$36 million<\/span> gain on the sale of our carbon black subsidiary in France.\u00a0 Compared with the prior period, olefins results increased more than <span class=\"xn-money\">$95 million<\/span>.\u00a0 Volume and margin increased with the completion of planned maintenance at our cracker in Wesseling, <span class=\"xn-location\">Germany<\/span> in the fourth quarter partially offset by unplanned maintenance in the first quarter.\u00a0 Combined polyolefins results increased more than <span class=\"xn-money\">$55 million<\/span>.\u00a0 Polyethylene volume and margin improved with the completion of planned maintenance and polypropylene volume increased with improved market conditions.\u00a0 Joint venture equity income increased by <span class=\"xn-money\">$25 million<\/span> with the completion of planned maintenance at our joint venture sites.<\/p>\n<p><b>Three months ended <span class=\"xn-chron\">March 31, 2019<\/span> versus three months ended <span class=\"xn-chron\">March 31, 2018<\/span> <\/b>&#8211; EBITDA decreased <span class=\"xn-money\">$123 million<\/span> versus the first quarter 2018.\u00a0 Compared with the prior period, olefins results decreased <span class=\"xn-money\">$35 million<\/span> driven by a decline in volume due to unplanned maintenance in the first quarter 2019.\u00a0 Combined polyolefins results decreased approximately <span class=\"xn-money\">$40 million<\/span>.\u00a0 Polyolefins spreads declined for polyethylene and polypropylene over monomer <span class=\"xn-money\">$68<\/span> per metric ton and <span class=\"xn-money\">$83<\/span> per metric ton, respectively.\u00a0 Joint venture equity income decreased by <span class=\"xn-money\">$25 million<\/span> due to reduced margins.<\/p>\n<p><b><u>Intermediates &amp; Derivatives (I&amp;D)<\/u><\/b><b>\u00a0<\/b>&#8211; Our I&amp;D segment produces and markets Propylene Oxide &amp; Derivatives, Oxyfuels and Related Products and Intermediate Chemicals, such as styrene monomer, acetyls, ethylene oxide and ethylene glycol.<\/p>\n<p><b>Table 4 &#8211; I&amp;D Financial Overview<\/b><\/p>\n<div>\n<table id=\"convertedTable4fb6\" class=\"prntblns\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"prngen2\" rowspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>Millions of U.S. dollars<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March\u00a031,<br \/>\n2019<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December\u00a031,<br \/>\n2018<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March\u00a031,<br \/>\n2018<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating income<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$314<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$308<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$408<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">EBITDA<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">390<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">379<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">486<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><b>Three months ended <span class=\"xn-chron\">March 31, 2019<\/span> versus three months ended <span class=\"xn-chron\">December 31, 2018<\/span> <\/b>&#8211;\u00a0EBITDA increased <span class=\"xn-money\">$11 million<\/span> versus the fourth quarter 2018.\u00a0 Compared with the prior period, Propylene Oxide &amp; Derivatives results increased nearly <span class=\"xn-money\">$30 million<\/span>.\u00a0 Volumes increased with the completion of planned maintenance at our Bayport, <span class=\"xn-location\">Texas<\/span> facility.\u00a0 Intermediate Chemicals results decreased approximately <span class=\"xn-money\">$50 million<\/span> driven by a decline in volume.\u00a0 Margin also decreased primarily in methanol and ethylene glycol offset by an improvement in styrene.\u00a0 Oxyfuels &amp; Related Products results increased more than <span class=\"xn-money\">$15 million<\/span> primarily due to an improvement in margin.<\/p>\n<p><b>Three months ended <span class=\"xn-chron\">March 31, 2019<\/span> versus three months ended <span class=\"xn-chron\">March 31, 2018<\/span> <\/b>&#8211; EBITDA decreased <span class=\"xn-money\">$96 million<\/span> versus the first quarter 2018.\u00a0 Compared with the prior period, Propylene Oxide &amp; Derivatives results decreased approximately <span class=\"xn-money\">$10 million<\/span> due to reduced margins.\u00a0 Intermediate Chemicals results decreased <span class=\"xn-money\">$40 million<\/span>.\u00a0 Margin declined primarily in styrene, methanol and acetyls partially offset by an increase in methanol volume.\u00a0 Oxyfuels &amp; Related Products decreased by nearly <span class=\"xn-money\">$30 million<\/span> due to margin and volume declines as a result of softer gasoline market conditions.<\/p>\n<p><b><u>Advanced Polymer Solutions (APS)<\/u><\/b><b>\u00a0<\/b>&#8211; Our Advanced Polymer Solutions segment produces and markets in two lines of business: Compounding &amp; Solutions and Advanced Polymers.\u00a0 Compounding &amp; Solutions includes polypropylene compounds, engineered plastics, masterbatches, engineered composites, colors and powders.\u00a0 Advanced Polymers consists of <i>Catalloy<\/i> and polybutene-1.\u00a0 A. Schulman was acquired on <span class=\"xn-chron\">August 21, 2018<\/span>, and results from the acquisition are included prospectively.<\/p>\n<p><b>Table 5 &#8211; Advanced Polymer Solutions Financial Overview<\/b><\/p>\n<div>\n<table id=\"convertedTablef6bd\" class=\"prntblns\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"prngen2\" rowspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>Millions of U.S. dollars<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March\u00a031,<br \/>\n2019<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December\u00a031,<br \/>\n2018<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March\u00a031,<br \/>\n2018<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating income<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$119<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$55<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$114<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">EBITDA<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">148<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">86<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">123<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><b>Three months ended <span class=\"xn-chron\">March 31, 2019<\/span> versus three months ended <span class=\"xn-chron\">December 31, 2018<\/span> <\/b>&#8211; EBITDA increased <span class=\"xn-money\">$62 million<\/span> versus the fourth quarter 2018.\u00a0 Integration costs related to the acquisition of A. Schulman and assigned to the segment were <span class=\"xn-money\">$4 million<\/span> lower in the first quarter 2019 versus the fourth quarter.\u00a0 Compared with the prior period, Compounding &amp; Solutions results increased more than <span class=\"xn-money\">$40 million<\/span>.\u00a0 Volume increased with seasonal demand improvement and margin improved after an unusually slow fourth quarter in the automotive market.\u00a0 Advanced Polymers results increased more than <span class=\"xn-money\">$5 million<\/span>.<\/p>\n<p><b>Three months ended <span class=\"xn-chron\">March 31, 2019<\/span> versus three months ended <span class=\"xn-chron\">March 31, 2018<\/span> <\/b>&#8211; EBITDA increased <span class=\"xn-money\">$25 million<\/span> versus the first quarter 2018.\u00a0 Integration costs related to the acquisition and assigned to the segment were <span class=\"xn-money\">$16 million<\/span> during the first quarter 2019.\u00a0 Compared with the prior period, Compounding &amp; Solutions results increased nearly <span class=\"xn-money\">$55 million<\/span> primarily due to the addition of new product lines from the acquisition.\u00a0 Advanced Polymers results decreased approximately <span class=\"xn-money\">$10 million<\/span>.<\/p>\n<p><b><u>Refining<\/u><\/b><b>\u00a0<\/b>&#8211; Our Refining segment produces and markets gasoline and distillates, including diesel fuel, heating oil and jet fuel.<\/p>\n<p><b>Table 6 &#8211; Refining Financial Overview<\/b><\/p>\n<div>\n<table id=\"convertedTable01b4\" class=\"prntblns\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"prngen2\" rowspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>Millions of U.S. dollars<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March\u00a031,<br \/>\n2019<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December\u00a031,<br \/>\n2018<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March\u00a031,<br \/>\n2018<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating income (loss)<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$(59)<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$(139)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$15<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">EBITDA<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(15)<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(84)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">63<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><b>Three months ended <span class=\"xn-chron\">March 31, 2019<\/span> versus three months ended <span class=\"xn-chron\">December 31, 2018<\/span> <\/b>&#8211; EBITDA increased\u00a0$69 million versus the fourth quarter 2018.\u00a0 The Houston Refinery operated at 259,000 barrels per day, 75,000 barrels per day more than the prior period with the completion of planned maintenance.\u00a0 The Maya 2-1-1 industry benchmark crack spread modestly increased <span class=\"xn-money\">$2.66<\/span> per barrel to <span class=\"xn-money\">$13.55<\/span> per barrel for the first quarter. The Maya 2-1-1 remained challenged through February due to high prices for heavy sour crude oil and a soft gasoline market before improving significantly during March.<\/p>\n<p><b>Three months ended <span class=\"xn-chron\">March 31, 2019<\/span> versus three months ended <span class=\"xn-chron\">March 31, 2018<\/span> <\/b>&#8211; EBITDA decreased <span class=\"xn-money\">$78 million<\/span> versus the first quarter 2018.\u00a0 Challenging market conditions led to a decrease in the Maya 2-1-1 spread of <span class=\"xn-money\">$7.17<\/span> per barrel to <span class=\"xn-money\">$13.55<\/span> per barrel.\u00a0 Crude throughput increased by 7,000 barrels per day driven by improved reliability.<\/p>\n<p><b><u>Technology<\/u><\/b>\u00a0&#8211; Our Technology segment develops and licenses chemical and polyolefin process technologies and manufactures and sells polyolefin catalysts.<\/p>\n<p><b>Table 7 &#8211; Technology Financial Overview<\/b><\/p>\n<div>\n<table id=\"convertedTable1405\" class=\"prntblns\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"prngen2\" rowspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>Millions of U.S. dollars<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March\u00a031,<br \/>\n2019<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December\u00a031,<br \/>\n2018<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March\u00a031,<br \/>\n2018<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating income<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$73<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$50<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$46<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">EBITDA<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">83<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><b>Three months ended <span class=\"xn-chron\">March 31, 2019<\/span> versus three months ended <span class=\"xn-chron\">December 31, 2018<\/span> <\/b>&#8211; EBITDA increased <span class=\"xn-money\">$22 million<\/span> versus the fourth quarter 2018 primarily due to an increase in licensing revenue.<\/p>\n<p><b>Three months ended <span class=\"xn-chron\">March 31, 2019<\/span> versus three months ended <span class=\"xn-chron\">March 31, 2018<\/span> <\/b>&#8211; EBITDA increased <span class=\"xn-money\">$27 million<\/span> versus the first quarter 2018 driven by an increase in licensing revenue and catalyst sales volumes.<\/p>\n<p><b><u>Capital Spending and Cash Balances<\/u><\/b><\/p>\n<p>Capital expenditures, including growth projects, maintenance turnarounds, catalyst and information technology-related expenditures, were <span class=\"xn-money\">$599 million<\/span> during the first quarter 2019.\u00a0 Our cash and liquid investment balance was <span class=\"xn-money\">$1.3 billion<\/span> at March\u00a031, 2019.\u00a0 We repurchased 5.6 million ordinary shares during the first quarter 2019. There were 370 million common shares outstanding as of March\u00a031, 2019.\u00a0 The company paid dividends of <span class=\"xn-money\">$372<\/span> million\u00a0during the first quarter 2019.<\/p>\n<p><b><u>Reconciliations and Additional Information<\/u><\/b><\/p>\n<p>Quantitative reconciliations of EBITDA to net income, the most comparable GAAP measure, are provided in Table 9 at the end of this release.\u00a0Additional operating and financial information, including reconciliations of non-GAAP measures, may be found on our website at <u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2444551-1&amp;h=603248327&amp;u=http%3A%2F%2Fwww.lyondellbasell.com%2Finvestorrelations&amp;a=www.lyondellbasell.com%2Finvestorrelations\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">www.lyondellbasell.com\/investorrelations<\/a><\/u>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>LyondellBasell Industries announced net income for the first quarter 2019 of $0.8 billion, or $2.19 per share.\u00a0 First quarter 2019 EBITDA was $1.4 billion&#8230;<\/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-13233","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\/13233","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=13233"}],"version-history":[{"count":2,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/13233\/revisions"}],"predecessor-version":[{"id":13235,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/13233\/revisions\/13235"}],"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=13233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13233"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fseries&post=13233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}