The company reported a net loss of $603 million for Q4 2024, or $(1.87) per diluted share, and net income excluding identified items of $249 million, or $0.75 per diluted share. Asset write-downs in Q4 were $1,065 million on a pre-tax basis.

1. 01

   The company reported a net loss of $603 million for Q4 2024, or $(1.87) per diluted share, and net income excluding identified items of $249 million, or $0.75 per diluted share. Asset write-downs in Q4 were $1,065 million on a pre-tax basis.

2. 02

   The company reported full-year 2024 net income of $1,367 million, or $4.15 per diluted share, EBITDA of $3,456 million and EBITDA excluding identified items of $4,336 million. In the same table, full-year 2023 net income was $2,121 million.

3. 03

   The company said cash from operating activities in 2024 was $3.8 billion with cash conversion of 90%, approximately $1.8 billion was reinvested in capital expenditures and $1.9 billion was returned to shareholders through dividends and share repurchases. Available liquidity at year-end was $8.0 billion.

4. 04

   The company said it had secured approximately $1.3 billion of its $3 billion incremental Normalized EBITDA target by the end of 2024 through 2027. For Q1, it expects to operate Olefins & Polyolefins Americas assets at approximately 80%, Olefins & Polyolefins EAI assets at approximately 75% and Intermediates & Derivatives assets at approximately 80%.

Analysis 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.

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.