We recently published 10 Stocks Bleeding Early. LyondellBasell Industries N.V. is one of the worst-performing stocks on Monday.
LyondellBasell dropped its share prices for a sixth straight day on Monday, shedding 4.72 percent to close at $50.9 apiece as investors continued to unload positions following a disappointing earnings performance in the first half of the year.
In a statement, LyondellBasell Industries N.V. said net income in the second quarter of the year declined by 87 percent to $115 million from $924 million in the same period last year, dragged down by asset write-downs, transaction costs, cash improvement plans, and discontinued operations. Sales and operating revenues decreased by 11 percent to $7.66 billion from $8.68 billion.
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Net income for the first half also dwindled by 79 percent to $292 million from $1.397 billion, while sales and operating revenues declined by 9.9 percent to $15.3 billion from $16.98 billion year-on-year.
Meanwhile, LyondellBasell Industries N.V. announced the distribution of $1.37 per share to shareholders as of August 25, payable on September 2, 2025.
