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Stock Market & Financial Investment News

News Breaks
February 1, 2013
08:38 EDTLYBLyondellBasell says has seen a good start to 2013
The company said, "We have seen a good start in 2013. Our assets have run well through the early weeks of the new year. Overall, the fundamentals that supported our success during 2012 have continued. Our employees remain very focused, and we anticipate another strong year in 2013. Olefins in North America continue to benefit from strong margins created by low priced natural gas liquid raw materials. However, outside of North America, the global olefins industry continues to experience low operating rates and profitability, negatively impacting our European olefins and commodity polyolefin businesses. The diversified portfolio of businesses in our Intermediates and Derivatives segment continues to realize solid performance. Our Refining segment will be impacted by a turnaround in the first quarter as we complete scheduled maintenance at our Houston refinery."
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December 18, 2014
07:31 EDTLYBLyondellBasell names Bhavesh Patel as new CEO
LyondellBasell announced that the supervisory board has appointed Bhavesh V. "Bob" Patel as CEO, effective January 12, 2015. Patel has served as executive vice president, Olefins and Polyolefins Europe, Asia & International and Technology since October 2013. Patel succeeds James Gallogly, who previously announced his plan to retire.
December 16, 2014
08:18 EDTLYBLyondellBasell initiated with a Buy at Nomura
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December 10, 2014
07:40 EDTLYBBofA/Merrill to hold a conference
2014 U.S. Basic Materials Conference is being held in Boston on December 10-11.

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