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Stock Market & Financial Investment News

News Breaks
March 13, 2013
12:02 EDTLYBLyondellBasell to expand Corpus Christi, Texas, cracker
LyondellBasel executives, led by CEO Jim Gallogly, told participants at the company's Investor Day in New York how LyondellBasell is preparing to build upon its record 2012 performance which included $5.8B of EBITDA and earnings of $4.96 per share. LyondellBasell expects to begin construction this month on the first of several projects that will expand U.S. ethylene capacity by approximately 20%. LyondellBasell announced plans to expand its Corpus Christi, Texas, cracker by 800 million pounds per year of ethylene, with construction scheduled to begin in 2014 and projected completion in 2015. Construction associated with the La Porte, Texas, expansion is expected to begin this month and will add 800 million pounds per year of ethylene upon completion in 2014. A third project will add 250 million pounds per year of ethylene at Channelview, Texas, with completion projected in 2015. In another project to take advantage of low-cost natural gas supplies in the United States, LyondellBasell announced that construction has commenced on the restart of a 260 million gallon-per-year methanol plant at Channelview. Startup of the methanol plant is projected for fourth quarter 2013. Additionally, LyondellBasell said that the ongoing retrofit at the Houston refinery will enhance operating flexibility and accommodate a greater percentage of light domestic crude oil and heavy Canadian crude oil. In Europe, the 40% expansion of butadiene capacity at Wesseling, Germany is scheduled for completion later in 2013.
News For LYB From The Last 14 Days
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February 27, 2015
14:40 EDTLYBLyondellBasell management to meet with Jefferies
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February 24, 2015
07:01 EDTLYBLyondellBasell appoints departure of CFO Karyn Ovelmen
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February 20, 2015
06:06 EDTLYBGeneral Motors names Craig Glidden as new general counsel
General Motors (GM) announced yesterday that Craig B. Glidden has been appointed executive VP and general counsel, effective March 1. Glidden will lead a team of staff attorneys who are integrated into all of GMs regional and functional teams in more than 30 countries. Glidden succeeds Michael Millikin, who is retiring in July after a nearly four-decade legal career, including five years as GMs general counsel. Before joining GM, Glidden was executive VP and chief legal officer for LyondellBasell Industries (LYB).
February 19, 2015
09:31 EDTLYBLyondellBasell appoints Jeffrey Kaplan as Chief Legal Officer
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February 18, 2015
07:13 EDTLYBLyondellBasell declares interim dividend of 70c
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February 17, 2015
17:13 EDTLYBPoint72 gives quarterly update on stakes
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17:02 EDTLYBSoros Fund Management gives quarterly update on stakes
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10:00 EDTLYBOn The Fly: Analyst Downgrade Summary
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06:07 EDTLYBLyondellBasell downgraded to Neutral from Buy at Citigroup
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