LyondellBasell posts Q4 net income down by 15% mainly due to noncash impairment charge related to its Houston refinery

LyondellBasell posts Q4 net income down by 15% mainly due to noncash impairment charge related to its Houston refinery
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01.02.2022

MOSCOW (MRC) -- LyondellBasell's (Houston, Texas) Q4, 2021 net income came to USD726 million, down 15% year over year from USD855 million largely because a USD624-million noncash impairment charge related to the Houston refinery reduced net income by USD481 million, as per the company's press release. Sales totaled USD12.830 billion, up 62% YOY from USD7.937 billion. Adjusted earnings per

Full article at mrcplast.com

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