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Company Intelligence: LyondellBasell Industries

LyondellBasell Industries | Strategy and Financial Highlights Information from ICIS

 

Edited from: “A new global leader” LyondellBasell, “strategic fit presentation”

 

LyondellBasell key strategy includes:

 

(1) Long-term, strategic investor focused on building world scale, world class businesses; Jim Gallogly, chief executive officer (Source: LyondellBasell)

(2) Investment in business models which generate significant free cash flow;

(3) Successful Middle East and Asian joint venture strategy;

(4) Partner with strong, proven management teams;

(5) Provide strategic direction and capital for long-term growth; and

(6) A stable private capital base that provides strategic advantages versus more constrained pools of

     capital, like private equity funds or public markets.

 

It will also focus on the following themes:

 

(1) Value chain integration;

(2) Participate in petrochemicals from refining through to specialised end uses;

(3) Extract value from optimisation across fuels, chemicals and polymers; and

(4) Upgrade cost-advantaged feedstocks using superior refinery and cracker flexibility.

 

Operational excellence

 

(1) Drive personal and process safety;

(2) Achieve continuous cost and reliability improvement;

(3) Optimise manufacturing footprint; and

(4) Realise operational synergies.

 

Customer and market focus

 

(1) Add value by using optimal channels to market and providing customised service levels; and

(2) Strengthen the differentiated business.

 

Technological leadership

 

(1) Continue technology licensing leadership and increase share of specialities;

(2) Be the partner of choice for new projects in attractive markets and geographies; and

(3) Continue to invest in R&D to develop innovative technologies and enhance product portfolio. 

 

Please also see INSIGHT: LyondellBasell PP closure reflects market realities on ICIS news.

  

Download the The ICIS Top 100 Chemical Companies listing here

 

Financial highlights: LyondellBasell, year ended 31 December

 

 

2010

2009

2008

2007

Sales ($ m)

41,151

30,828

50,706

17,120

Operating Profit ($ m)

2,944

317

-5,928

934

Net Profit ($ m)

10,259

-2,865

-7,321

661

Number of Employees

--

14,860

15,000

16,000

 

Results for 2010 represent the combined predecessor (1 Jan 2010 – 30 April 2010) and successor (1 May 2010 – 31 Dec. 2010) periods. The predecessor and successor periods are not necessarily comparable.

 

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LyondellBasell Industries Company Structure

LyondellBasell claims to be one of the world’s largest polymers, petrochemicals and fuels companies and a global leader in polyolefins technology, production and marketing; a pioneer in propylene oxide (PO) and derivatives; and a significant producer of fuels and refined products, including biofuels. On 20 December 2007, Lyondell and Basell completed its $19.4bn (Euro13.6bn) merger, forming LyondellBasell Industries.
More about LyondellBasell Industries Structure

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