LyondellBasell Industries NV (NYSE:LYB)

$ 74.06 -0.06 (-0.08%) Market Cap: 24.07 Bil Enterprise Value: 34.20 Bil PE Ratio: 11.28 PB Ratio: 1.75 GF Score: 80/100

LyondellBasell Industries NV at Wells Fargo Industrials Conference Transcript

May 05, 2022 / 05:20PM GMT

Release Date Price: $111.43 (-3.94%)

Transcript 10-Q8-K

Michael Joseph Sison

Wells Fargo Securities, LLC, Research Division - MD & Senior Equity Analyst

Good afternoon, everyone. Somehow my -- Mike Sison again, I cover chemicals for Wells Fargo. I want to introduce LyondellBasell, ticker symbol LYB, one of the largest plastics and chemical companies in the world. Company has reported great results in 2021. First quarter was another record quarter. We've also seen consensus estimates continue to move up for Lyondell over the last week or so. Stock hit a 52-week high of $118 in July of '21, the sluggish second half of the year, but we've gained a little bit of momentum this year up. Well, I wrote this yesterday. So 15% year-to-date yesterday and sluggish a little bit today, but they have outperformed the likes of Netflix and Amazon. So yay, right? Chemicals are back.

With that said, I want to introduce the team from Lyondell: Mike McCurry, EVP, CFO; Dave Kinney, he's out there somewhere hiding, IR; and Anna Cheng, IR over there. So -- well, thanks for coming. We appreciate seeing you live. And if you wanted to kick it off with a couple of comments,

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