10 Best European Stocks That Beat Earnings Estimates to Buy

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6. LyondellBasell Industries N.V. (NYSE:LYB)

On May 1, 2026, LyondellBasell Industries N.V. (NYSE:LYB) reported Q1 adjusted EPS of 49c versus 28c consensus and revenue of $7.2B compared to $7.37B expected. CEO Peter Vanacker said results reflect “operational discipline and commercial execution,” while noting the global petrochemical cost curve has “materially steepened” due to the Middle East conflict. The company said it is increasing production to address supply gaps, leveraging low-cost North American assets and passing through higher input costs in Europe.

LyondellBasell said Q2 conditions are expected to drive sequential improvement across most businesses, supported by tighter supply and stronger pricing tied to disruptions in the Middle East. North America margins are expected to expand on export demand and crude-linked pricing, while Europe margins should improve following asset sales and wider polymer spreads despite lower volumes. The company is adjusting operating rates, including maximizing North American olefins and polyolefins output and raising European O&P rates to 80%, with Intermediates & Derivatives at 75%, while noting that ongoing geopolitical uncertainty may continue to impact supply and pricing.

Following the results, RBC Capital raised its price target on LyondellBasell Industries N.V. (NYSE:LYB) to $94 from $91 and maintained an Outperform rating, citing the Q1 performance and outlook for “significant Q2 uplift.” The firm said it has not seen demand destruction in the U.S. or Europe and noted polyethylene pricing remains below 2021 levels.

LyondellBasell Industries N.V. (NYSE:LYB) operates a global chemicals business.

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