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August 01, 2015 5:08 AM ET

Chemicals

Company Overview of LyondellBasell Industries N.V.

Company Overview

LyondellBasell Industries N.V. operates as a manufacturer of chemicals and polymers, refiner of crude oil, producer of gasoline blending components, and developer and licensor of technologies for production of polymers. The company operates in five segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins, including ethylene, propylene, and butadiene; polyolefins, which consist of high density polyethylene, low density polyethylene, linear low density polyethylene, and polypropylene (PP); specialty polyolefins comprising PP compounds, catalloy process resins, and po...

Stationsplein 45

Rotterdam,  3013 AK

Netherlands

Founded in 2005

13,100 Employees

Phone:

31 10 275 5500

Fax:

31 10 275 5589

Key Executives for LyondellBasell Industries N.V.

Chairman of the Management Board and Chief Executive Officer
Age: 48
Total Annual Compensation: $609.0K
Executive Vice President of Global Olefins & Polyolefins and Member of the Management Board
Age: 53
Total Annual Compensation: $609.0K
Compensation as of Fiscal Year 2014.

LyondellBasell Industries N.V. Key Developments

Lyondellbasell Industries NV Announces Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015

LyondellBasell Industries NV announced consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported sales and other operating revenues of $9,145 million against $12,117 million a year ago. Net income was $1,329 million or $2.82 per diluted share against $1,176 million or $2.23 per diluted share a year ago. Income from continuing operations was $1,326 million or $2.282 per diluted share against $1,173 million or $2.23 per diluted share a year ago. EBITDA was $2,186 million against $1,941 million a year ago. The improved results were achieved in spite of significant setbacks during the period. Capital expenditures, including growth projects, maintenance turnarounds, catalyst and information technology-related expenditures, were $415 million in the second quarter 2014. Capital expenditures, including growth projects, maintenance turnarounds, catalyst and information technology-related expenditures, were $278 million during the second quarter 2015. Net cash provided by operating activities was $1,446 million against $1,797 million a year ago. For the six months, the company reported sales and other operating revenues of $17,330 million against $23,252 million a year ago. Net income was $2,493 million or $5.22 per diluted share against $2,120 million or $3.94 per diluted share a year ago. Income from continuing operations was $2,493 million or $5.22 per diluted share against $2,116 million or $3.93 diluted share a year ago. EBITDA was $4,138 million against $3,609 million a year ago. During the past 12 months, the company generated $5.3 billion in cash from operations and raised $2.5 billion from bond issuances.

LyondellBasell Declares Interim Dividend Payable on September 8, 2015

LyondellBasell announced that its Supervisory Board has authorized the company's Management Board to declare an interim dividend of $0.78 per share. The interim dividend will be paid September 8, 2015 to shareholders of record August 25, 2015 with an ex-dividend date of August 21, 2015.

LyondellBasell Industries N.V. Appoints Lincoln E. Benet as Class III Director

Effective June 8, 2015, the Supervisory Board of LyondellBasell Industries N.V. appointed Lincoln E. Benet, Chief Executive Officer of Access Industries, as a Class III director, with a term expiring at the Annual General Meeting of Shareholders in 2016. This appointment increases the size of the Supervisory Board from eleven to twelve members. It is unknown at this time on which committee(s) of the Supervisory Board, if any, Mr. Benet may serve. Prior to Mr. Benet's appointment, two of the eleven existing Supervisory Board members, Stephen F. Cooper and Robin Buchanan, were nominated by Access pursuant to the Nomination Agreement.

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