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LyondellBasell delivered USD5.5 bln of EBITDA over the last 12 months

December 09/2011

(PRNewswire) -- LyondellBasell CEO Jim Gallogly today told participants at the company's annual Investor Day in New York that LyondellBasell is well positioned for the future.  The company has had successive quarters of record results and delivered USD5.5 billion of EBITDA over the last 12 months.


Gallogly and other LyondellBasell executives reviewed recent financial performance, the near-term outlook, a business segment-by-segment report of achievements, and the company's plans for growth in front of an audience of investors participating in the half-day program that was broadcast on the company's website. 

LyondellBasell delivered USD5.5 bln of EBITDA over the last 12 months
"The past 18 months have been a period of significant progress at LyondellBasell," Gallogly said.  "We have rebuilt this company from the plant floor up. We have improved our cost structure, strengthened our balance sheet and enhanced all aspects of our operations.  The collective efforts and success of our employees around the world in implementing our back-to-basic strategy is proof we have what it takes to become the premier commodity petrochemical company.  We believe we have now earned the right to grow and are well-positioned for the future," Gallogly said.


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