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LyondellBasell: 2Q Earnings Snapshot

August 3, 2018

HOUSTON (AP) _ LyondellBasell Industries (LYB) on Friday reported second-quarter earnings of $1.65 billion.

On a per-share basis, the Houston-based company said it had net income of $4.22. Earnings, adjusted for pretax gains, were $3.34 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.90 per share.

The oil refiner and chemical company posted revenue of $10.21 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $9.11 billion.

LyondellBasell shares have fallen roughly 2 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen almost 6 percent. The stock has increased 23 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LYB at https://www.zacks.com/ap/LYB

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