LyondellBasell Industries (LYB) reported that its first-quarter net income attributable to the company shareholders increased to $901 million from $600 million in the prior year quarter. On a per share basis, net income was $1.55, up from $1.04 in the same quarter last year.
Sales and other operating revenues were $10.67 billion, down from $11.73 billion in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.45 per share on revenues of $11.14 billion for the quarter. Analysts' estimates typically exclude special items.
"Overall, the trends of the previous quarters continued into early April. Our Olefins and Polyolefins - Americas and Intermediates and Derivatives segments continued to benefit from the shale gas developments," said Jim Gallogly, LyondellBasell Chief Executive Officer.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.