LyondellBasell earns US$1 bln in Q2-2019, profits dip almost 40%

05-Aug-19

LyondellBasell's second quarter profits fell nearly 40% from the previous year as the petrochemical industry contends with lower prices, plentiful supplies and tariffs. Earnings were at US$1 bln in Q2, down from nearly US$1.7 bln during the same period in 2018. Second quarter revenues fell 12% to about US$9 bln from US$10.2 bln a year earlier.

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EPS block moulding, thermocole plant

EPS block moulding, thermocole plant