Second quarter results in line with expectations / Earnings improve in Europe / Q3 likely to be similar

摘要

LyondellBasell (Rotterdam / The Netherlands; www. lyondellbasell.com) turned in a Q2 performance in line with expectations, CEO Bob Patel said. The quarter saw sales fall 20% to USD 7.3 bn, due to lower selling prices and pressure from turnarounds. While EBITDA fell by 18% to USD 1.8 bn, the group's downstream integration in polyolefins and olefin derivatives enabled it "to capture strong chain margins."