LyondellBasell sees Q3 EBITDA exceeding upper end of prior guidance

LyondellBasell said that as a result of strong execution and an improved margin outlook, Q3 profitability is playing out better than expected. The company previously guided that EBITDA would be mid-teens to mid-20 percentage points lower than Q2. The firm thinks Q3 EBITDA will likely positively exceed the upper end of prior guidance.