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LyondellBasell Industries N.V. (LYB)
After hours:
- Reuters
UPDATE 1-LyondellBasell weighs strategic options for European assets
LyondellBasell said on Wednesday it has launched a strategic review of the European assets of two of its business units, sending shares of the petrochemical manufacturer over 2% higher in morning trade. "At the 2023 Capital Markets Day, we stated our intent to concentrate our portfolio around businesses with long-lasting competitive advantage and to reinvest around those advantaged areas generating superior returns at meaningful scale," said Peter Vanacker, CEO of LyondellBasell. The company said last year it was exploring strategic options for its U.S. Gulf Coast-based ethylene oxide and derivatives (EO&D) business.
- CNW Group
LyondellBasell Weighs Strategic Options for European Assets
LyondellBasell today announced the formal launch of a strategic review of the European assets of its Olefins & Polyolefins and Intermediates & Derivatives business units. The assessment will evaluate the assets through the lens of the company's strategy to Grow & Upgrade the Core, Build a Profitable Circular and Low Carbon Solutions Business, and Step Up Performance & Culture.
- Simply Wall St.
Is It Time To Consider Buying LyondellBasell Industries N.V. (NYSE:LYB)?
LyondellBasell Industries N.V. ( NYSE:LYB ) received a lot of attention from a substantial price movement on the NYSE...
