LyondellBasell Industries experienced a decline in revenue and a significant increase in net expenses in Q4 2024 compared to the previous quarter, Q3 202412:
- Revenue Trend: The company's total revenue for Q4 2024 was $9.5 billion, which is a decrease from the $10.32 billion recorded in Q3 2024. This decline is even more pronounced when compared to the $10.56 billion revenue in Q2 2024 and the $8.3 billion revenue in Q1 20241. This indicates a downward trend in revenue over the past four quarters.
LYB Total Revenue YoY, Total Revenue
- Net Income Trend: The net income for Q4 2024 was -$603 million, which is a substantial decrease from the $573 million net income in Q3 2024. This trend is consistent with the decline in revenue, suggesting that the company faced significant challenges in Q4 20242. The net income in Q2 2024 was $924 million, and in Q1 2024, it was $473 million, indicating a decrease in profitability over the past four quarters.
LYB Net Income YoY, Net Income
The data indicates that LyondellBasell faced a challenging period in Q4 2024, with both revenue and net income experiencing significant declines compared to the previous quarter. This trend suggests that the company may have encountered operational, market, or economic challenges during this time.
5/8/2025 10:22am
