LYB
Lyondellbasell Industries N.V.
Industrial/Transportation
04/13/2015
Presented
| Date | 04/09/2015 |
| Price | 90.74 |
| Market Cap | $43.30B |
| Ent Value | $47.80B |
| P/E Ratio | 11.3x |
| Book Value | 17.07 |
| Div Yield | 3.09% |
| Shares O/S | 0.00M |
| Ave Daily Vol | 4,660,000 |
| Short Int | 2.03% |
Current
| Price | 92.07 |
| Market Cap | N/A |
| 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 polybutene-1 resins; and aromatics, which include benzene. The company also produces and markets propylene oxide (PO); PO co-products, such as styrene monomers and tertiary butyl alcohol; PO derivatives consisting of propylene glycol, propylene glycol ethers, and butanediol; acetyls, including methanol, acetic acid, and vinyl acetate monomers; and ethylene derivatives, such as ethylene oxide, ethylene glycol, ethylene glycol ethers, and ethanol. In addition, it refines gasoline and components, ultra low sulfur diesel, jet fuel, lube oils, and aromatics. Further, the company develops and licenses chemical, polyolefin, and other process technologies, as well as provides associated engineering and other services; and develops, manufactures, and sells polyolefin catalysts. LyondellBasell Industries N.V. was founded in 2005 and is based in Rotterdam, the Netherlands. |
Publicly traded companies mentioned herein: LyondellBasell (LYB)
Highlights
LyondellBasell’s primary business consists of converting ethane to ethylene. When natural gas was trading at $10 and crude was at $100, the company found itself on the high cost side of the ethylene curve, but as the shale revolution lowered the price of natural gas in the US, LYB moved meaningfully lower on the cost curve. Additionally, where ethane used to trade at a huge premium to methane, associated drilling has lowered the ethane spread to methane. Whereas LYB used to take expensive natural gas, plus the premium of ethane over methane, crack that, and compete against naphtha, the economics have now materially shifted.
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