AI English summary of an SEC filing — figures as filed
The company said net income for Q4 2023 was $185 million ($0.56 per share), EBITDA was $639 million, and excluding identified items, net income was $411 million and EBITDA was $910 million.
Key points
AI summaryThe company said net income for Q4 2023 was $185 million ($0.56 per share), EBITDA was $639 million, and excluding identified items, net income was $411 million and EBITDA was $910 million.
LyondellBasell said full-year 2023 net income was $2.1 billion ($6.46 per share), EBITDA was $4.5 billion, and excluding identified items, net income was $2.8 billion and EBITDA was $5.2 billion.
The company said it generated $4.9 billion in cash from operating activities in 2023 (cash conversion of 98%), and returned $1.8 billion to shareholders through dividends and share repurchases. Available liquidity at year-end was $7.6 billion.
LyondellBasell said it announced on Q4 the divestiture of its Ethylene Oxide and Derivatives business for $700 million. As a subsequent event, it said it entered into an agreement to acquire 35% of NATPET, a Saudi Arabian PDH/PP joint venture, for $500 million.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Q4 2023 Net Income and EBITDA
The company said net income for Q4 2023 was $185 million ($0.56 per share), EBITDA was $639 million, and excluding identified items, net income was $411 million and EBITDA was $910 million.
Source · Based on the filing body and exhibits
2023 Full-Year Results
LyondellBasell said full-year 2023 net income was $2.1 billion ($6.46 per share), EBITDA was $4.5 billion, and excluding identified items, net income was $2.8 billion and EBITDA was $5.2 billion.
Source · Based on the filing body and exhibits
Operating Cash Flow and Shareholder Returns
The company said it generated $4.9 billion in cash from operating activities in 2023 (cash conversion of 98%), and returned $1.8 billion to shareholders through dividends and share repurchases. Available liquidity at year-end was $7.6 billion.
Source · Based on the filing body and exhibits
Divestiture and Joint Venture Acquisition Announced
LyondellBasell said it announced on Q4 the divestiture of its Ethylene Oxide and Derivatives business for $700 million. As a subsequent event, it said it entered into an agreement to acquire 35% of NATPET, a Saudi Arabian PDH/PP joint venture, for $500 million.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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