LyondellBasell to Start Shuttering 106-Year-Old Texas Refinery [Yahoo! Finance]
LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) (LYB)
Last lyondellbasell industries nv ordinary shares class a (netherlands) earnings: 5/1 06:30 am
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US:NYSE Investor Relations:
lyondellbasell.com/en/investors
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Source: Yahoo! Finance
Most Read from Bloomberg Is Denver's Big Bet on E-Bikes Paying Off? The Answer To Making Cities More Family-Friendly? Courtyards Chicago Mayor Seeks Property Tax Hike, Breaking Campaign Vow NY Transit Agency Takes Next Step on Brooklyn-Queens Rail Link Istanbul Tries Free Public Transit to Help Job Seekers The chemical company plans to start the closure of its Houston refinery in January, according to an earnings presentation, after failing to find a buyer for it. The shuttering, first announced in 2022 and postponed multiple times, comes amid weaker profit margins after rivals Exxon Mobil Corp. and Marathon Petroleum Corp. added oil processing capacity on the Gulf Coast. When it was built in 1918, the 264,000-barrel-a-day facility was the first of many refineries on the Houston Ship Channel, locally dubbed the refinery corridor of Texas. It was ideally located to buy crude from Venezuela and Mexico before the US shale boom started. When cheap oil from the Permian Basin
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LYB
Earnings
- 11/1/24 - Miss
LYB
Sec Filings
- 11/1/24 - Form 10-Q
- 11/1/24 - Form 8-K/A
- 11/1/24 - Form 8-K
- LYB's page on the SEC website