Earnings OutlookThere is an expectation that 4Q24 results will be the lowest of any quarter since 2020, mainly due to headwinds in polyolefins, weak auto deliveries, low crack spreads, weak refining margins, and oxyfuels seasonality.
Financial PerformanceThe target price for Lyondellbasell Industries has been modestly reduced from $101 to $97 due to a lower earnings outlook.
Market ConditionsThe weak outlook for DecQ24 appears consistent with earlier DOW results, indicating broader industry challenges.