Revenue Update on LyondellBasell Industries NV(NYSE:LYB)

LyondellBasell Industries NV(NYSE:LYB) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 3, 2017. Company reported revenue of $7.747B. Analysts estimated a revenue of $7.310B. The revenues were 5.98% above the estimates. Earnings per share were $1.94. The reported EPS was below estimates by -12.22%. Analysts had estimated an EPS of $2.21.

LyondellBasell Industries NV (LYB) shares turned negative on Tuesdays trading session with the shares closing down -2.59 points or -2.73% at a volume of 44,34,997. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $94.21. The peak price level was also seen at $94.21 while the days lowest was $91.4. Finally the shares closed at $92.35. The 52-week high of the shares is $97.64 while the 52-week low is $69.82. According to the latest information available, the market cap of the company is $37,309 M.

Several Insider Transactions has been reported to the SEC. On Sep 1, 2016, Jagjeet S. Bindra (director) sold 3,750 shares at $80.00 per share price.Also, On Apr 26, 2016, Massimo Covezzi (SVP Research & Development) sold 7,551 shares at $89.14 per share price.On Apr 26, 2016, Sergey Vasnetsov (SVP Strategic Planning) sold 3,127 shares at $89.89 per share price, according to the Form-4 filing with the securities and exchange commission.

LyondellBasell Industries N.V. (LyondellBasell) is a global independent chemical company. The Company operates through five segments: Olefins and Polyolefins-Americas (OandP-Americas) Olefins and Polyolefins-Europe Asia International (OandP-EAI) Intermediates and Derivatives (IandD) Refining and Technology. Its OandP-Americas segment produces and markets olefins including ethylene and ethylene co-products and polyolefin. Its OandP-EAI segment produces and markets olefins including ethylene and ethylene co-products polyolefin and specialty products including polybutene-1 and polypropylene compounds. Its IandD segment produces and markets propylene oxide and its co-products and derivatives acetyls including methanol and ethylene oxide. Its Refining segment refines heavy high-sulfur crude oil. Its Technology segment develops and licenses chemical and polyolefin process technologies and manufactures and sells polyolefin catalysts.

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