LyondellBasell Rides Economic Rebound to Clear $2.1 Billion in Second-Quarter Profits

SUGAR LAND, TEXAS--August 2, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--LyondellBasell Industries NV (NYSE:LYB) (Houston, Texas) reported $2.1 billion in second-quarter net earnings on Friday, up more than five-fold from its quarterly profits a year earlier, as its business segments benefited from the global economic rebound. The chemicals processor and petroleum refiner said it spent nearly $430 million on growth and maintenance projects in the just-ended quarter, and remains on track for about $2 billion in capital expenditures in 2021.