LyondellBasell Industries Reports Fourth-Quarter Loss of $603 Million
HOUSTON--(BUSINESS WIRE)-- LyondellBasell Industries (NYSE: LYB) reported a net loss of $603 million, or $1.87 per share, for the fourth quarter. Adjusting for one-time items, earnings reached 75 cents per share, matching analyst expectations.
Revenue for the quarter was $9.5 billion, surpassing the $9.36 billion forecasted by analysts. For the full year, LyondellBasell reported a profit of $1.37 billion, or $4.15 per share, on revenue of $40.3 billion.