Global markets for LyondellBasell's (LYB) products are impacted due to the coronavirus pandemic and considerable drop in oil prices.

Q1 2020 LyondellBasell Industries NV Earnings Call

How far off is LyondellBasell Industries N.V. (NYSE:LYB) from its intrinsic value? Using the most recent financial...

Investors may want to consider stocks of companies that have announced the repayment of their revolving credit lines.

With the latest capacity additions, LyondellBasell (LYB) provides license to more than 8500 KTA of benchmark multi-modal HDPE resins.

The rebound in polyethylene is likely to be more challenging and companies like LyondellBasell Industries NV (NYSE: LYB) and The Dow Chemical Company (NYSE: DOW) could generate only modest earnings gains through 2021, according to BofA Securities.The LyondellBasell, Dow Analyst Steve Byrne downgraded LyondellBasell from Neutral to Underperform and raised the price target from $53 to $57.The analyst downgraded Dow Chemical from Buy to Underperform with an unchanged $37 price target. The LyondellBasell, Dow Thesis The chemicals sector is facing demand shocks due to the coronavirus-induced decline in auto production, construction, gasoline consumption and industry operating rates, Byrne said in the Monday downgrade note. (See his track record here.)While polyethylene producers have witnessed healthy demand, driven by increased packaging needs, they are headed for significant supply-driven margin pressure, he said. Byrne said he expects supplies to expand at a compounded annual growth rate of more than 6% in China from 2020 to 2022.Lyondell To Face Severe Margin Pressure While oxyfuels and gasoline crack spreads will likely rebound in the back half of 2020, with demand for transportation fuels stabilizing, olefin margins could remain under pressure beyond 2020, the analyst said. Dow Chemical's Return Profile Takes A Hit The company reported disappointing first-quarter results driven by weakness in the Packaging & Plastics division, Byrne said.This could continue, as polyethylene pricing pressure builds in the second quarter and continues through the third, the analyst said. DOW, LYB Price ActionLyondellBasell shares were down 3.94% at $52.94 at the time of publication Monday, while Dow shares were down 4.54% at $32.37.Related Links: Benzinga's Top Upgrades, Downgrades For May 1, 2020Recap: LyondellBasell Industries Q1 EarningsLatest Ratings for DOW DateFirmActionFromTo May 2020B of A SecuritiesDowngradesBuyUnderperform May 2020Wells FargoMaintainsEqual-Weight May 2020Morgan StanleyMaintainsEqual-Weight View More Analyst Ratings for DOW View the Latest Analyst Ratings See more from Benzinga * Qualcomm Is A Victim Of Its Own Success, Says Bearish Wells Fargo * KeyBanc Upgrades Wolverine World Wide, Sees Pockets Of Opportunity * Boeing's Large Bond Deal Solves Liquidity Problem, Says Bullish Goldman Sachs(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Zachry Industrial Inc., a subsidiary of San Antonio-based Zachry Group, recently told the Texas Workforce Commission it would lay off nearly 300 people in Houston during the first two weeks of April. The workforce reductions occurred at 77530 Miller Road, 1, the site where Zachry is building a new petrochemical plant for LyondellBasell Industries (NYSE: LYB), according to a Worker Adjustment and Retraining Notification Act letter filed with the TWC. The layoffs came after LyondellBasell decided to slow construction operations at the site in the interest of health and safety amid the Covid-19 pandemic.

Potential LyondellBasell Industries N.V. (NYSE:LYB) shareholders may wish to note that the Executive Vice President of...

LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the world, will announce first-quarter 2020 financial results before the U.S. market opens on Friday, May 1 followed by a webcast and teleconference to discuss results at 11:00 a.m. EDT.

Lower demand stemming from persistently low automotive demand and the impact of coronavirus hurt LyondellBasell's (LYB) Compounding & Solutions business in Q1.

Let's take a look at how these chemical companies are poised ahead of their earnings release.

LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the world, today announced Bob Patel, chief executive officer, and Michael McMurray, executive vice president and chief financial officer, will address investors at the Goldman Sachs Industrials & Materials Virtual Conference at 1:50 p.m. EST May 15.

Impact of coronavirus on LyondellBasell's (LYB) global markets and steep decline in oil prices are expected to get reflected in Q1 results.

LyondellBasell Industries N.V. (NYSE: LYB) ("LyondellBasell") announced today that LYB International Finance III, LLC, its wholly-owned subsidiary, priced a public offering (the "Offering") of $500,000,000 aggregate principal amount of 2.875% Guaranteed Notes due 2025 (the "2025 Notes"), $500,000,000 aggregate principal amount of 3.375% Guaranteed Notes due 2030 (the "2030 Notes") and $1,000,000,000 aggregate principal amount of 4.200% Guaranteed Notes due 2050 (together with the 2025 Notes and the 2030 Notes, the "Notes"). The Notes will be fully and unconditionally guaranteed by LyondellBasell. The Offering is expected to close on April 20, 2020, subject to the satisfaction of customary closing conditions. The net proceeds of the Offering are expected to be used for general corporate purposes, including to increase our liquidity and manage short-term debt maturities.

Shares of LyondellBasell Industries (NYSE:LYB) were unchanged in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 32.88% year over year to $1.47, which missed the estimate of $1.50.Revenue of $7,494,000,000 less by 14.63% year over year, which missed the estimate of $7,600,000,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: May 01, 2020View more earnings on LYBTime: 01:04 PM ETWebcast URL: https://www.lyondellbasell.com/en/news-events/events/Recent Stock Performance Company's 52-week high was at $98.9152-week low: $33.71Price action over last quarter: down 26.48%Company Overview LyondellBasell Industries NV is a petrochemical producer with operations in the U.S. and Europe. It operates in six segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Advanced Polymer Solutions (APS), Refining and Technology. The company is a major producer of polyethylene, the world's largest producer of polypropylene, and the second- largest producer of propylene oxide. Its chemicals are used in various consumer and industrial end products. Substantially, all of the company's revenue is derived from product sales.See more from Benzinga * Morning Market Stats in 5 Minutes(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

LyondellBasell (LYB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The materials sector includes companies engaged in the discovery, development, and processing of raw materials, which are used across many sectors and industries. Materials stocks include manufacturers of products as varied as plastic, fertilizer, paper, concrete, and metals.

LYB earnings call for the period ending March 31, 2020.

LyondellBasell (LYB) intends to use the net proceeds from the public notes offering for general corporate purposes.

LyondellBasell (LYB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.