LyondellBasell Industries N.V. (LYB) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter rose modestly from the prior quarter but fell sharply compared with the same period last year. The sequential improvement contrasts with a year-over-year decline.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter rose modestly from the prior quarter but fell sharply compared with the same period last year. The sequential improvement contrasts with a year-over-year decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$10.2B
Revenue reported for this quarter.
Quarter-over-quarter
+0.4%
Change from the immediately preceding quarter.
Year-over-year
-20.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$47.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $14.6B | +28.5% |
| Sep 30, 2022 | $12.3B | -1.2% |
| Dec 31, 2022 | $10.2B | -24.9% |
| Mar 31, 2023 | $10.2B | -20.2% |
Revenue performance
The reported revenue increased slightly from the immediately preceding quarter, primarily reflecting a stabilization in market conditions. However, revenue dropped significantly compared with the same quarter one year earlier, driven by lower sales volumes and pricing.
Quarterly comparison
Compared with the prior quarter, revenue showed a slight uptick, reversing a prior trend of sequential declines. Relative to the same quarter a year ago, revenue was substantially lower, consistent with a broader industry downturn.
What to watch
Monitor whether the sequential revenue improvement can be sustained amid continued year-over-year pressure.