While the top- and bottom-line numbers for LyondellBasell (LYB) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

LyondellBasell Industries N.V. (NYSE:LYB ) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Corporate Participants David Kinney - Head, IR Peter Vanacker - Chief Executive Officer Michael McMurray - Chief Financial Officer Kim Foley - EVP, Intermediates, Derivatives & Refining Aaron Ledet - EVP, Intermediates and Derivatives Torkel Rhenman - EVP, Advanced Polymer Solutions Conference Call Participants Steve Byrne - Bank of America Matthew Blair - TPH Frank Mitsch - Fermium Research John Roberts - Mizuho Securities David Begleiter - Deutsche Bank Kevin McCarthy - Vertical Research Partners Chris Perrella - UBS Hassan Ahmed - Alembic Global Vincent Andrews - Morgan Stanley Operator Hello and welcome to the LyondellBasell Teleconference.

Sales of LyondellBasell (LYB) in Q2 increase due to higher production and improved seasonal demand.

LyondellBasell (LYB) came out with quarterly earnings of $2.24 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $2.44 per share a year ago.

Petrochemical manufacturer LyondellBasell on Friday edged past Wall Street estimates for second-quarter profit and said it expects margins to continue to benefit from lower feedstock prices in the third quarter.

HOUSTON and LONDON , Aug. 2, 2024 /PRNewswire/ -- Second Quarter 2024 Highlights Net income: $924 million, $734 million excluding identified items(a) Diluted earnings per share: $2.82 per share; $2.24 per share excluding identified items EBITDA: $1.6 billion, $1.4 billion excluding identified items Cash from operating activities: $1.3 billion Increased quarterly dividend by 7% to $1.34 per share Returned $513 million to shareholders through dividends and share repurchases Taking additional actions to grow and upgrade our core businesses Completed divestment of Ethylene Oxide and Derivatives (EO&D) business Completed acquisition of 35% share in NATPET integrated polypropylene joint venture in Saudi Arabia Announced strategic review of European assets Comparisons with the prior quarter and second quarter 2023 are available in the following table: Table 1 - Earnings Summary  Millions of U.S. dollars (except share data)           Three Months Ended                Six Months Ended      June 30, 2024 March 31, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Sales and other operating revenues $10,558 $9,925 $10,306 $20,483 $20,553 Net income 924 473 715 1,397 1,189 Diluted earnings per share 2.82 1.44 2.18 4.25 3.62 Weighted average diluted share count 326 326 326 326 327 EBITDA(a) 1,644 1,047 1,383 2,691 2,514 Excluding Identified Items(a) Net income excluding identified items $734 $501 $801 $1,235 $1,623 Diluted earnings per share excluding identified items 2.24 1.53 2.44 3.76 4.94 Gain on sale of business, pre-tax (293) — — (293) — Impairments, pre-tax — — — — 252 Refinery exit costs, pre-tax 42 36 111 78 235 EBITDA excluding identified items 1,373 1,063 1,450 2,436 2,902 (a) See "Information Related to Financial Measures" for a discussion of the company's use of non-GAAP financial measures and Tables 2-6 for reconciliations or calculations of these financial measures.  "Identified items" include adjustments for lower of cost or market ("LCM"), gain on sale of business, impairments and refinery exit costs.

LyondellBasell (LYB) is expected to have benefited from increased seasonal demand and lower energy costs in key regions in Q2.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for LyondellBasell (LYB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

LyondellBasell (LYB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Conventum - Alluvium Global Fund ended the quarter with 19 holdings and 15.3% cash. The fund bought AutoNation, Ryanair, Robert Half and Liberty Broadband. The fund sold LyondellBasell, DICK'S Sporting and HCA Healthcare.

Last week's action in the stock market might have signaled a long-awaited shift away from a focus on Big Tech in the stock market to overlooked pockets of value.

HOUSTON and LONDON , July 19, 2024 /PRNewswire/ -- LyondellBasell (NYSE: LYB), a leader in the global chemical industry, will announce its second-quarter 2024 financial results before the U.S. market opens Friday, Aug. 2, followed by a webcast and teleconference to discuss the results at 11 a.m. EDT. Teleconference and webcast details Friday, Aug. 2, 2024 11 a.m.