LyondellBasell Industries N.V. (LYB) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter declined significantly compared to the same period last year, but rose modestly from the prior quarter. The sequential improvement partially offset the year-over-year weakness, reflecting mixed demand conditions.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter declined significantly compared to the same period last year, but rose modestly from the prior quarter. The sequential improvement partially offset the year-over-year weakness, reflecting mixed demand conditions.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$10.3B
Revenue reported for this quarter.
Quarter-over-quarter
+0.6%
Change from the immediately preceding quarter.
Year-over-year
-29.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$43B
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 |
|---|---|---|
| Sep 30, 2022 | $12.3B | -1.2% |
| Dec 31, 2022 | $10.2B | -24.9% |
| Mar 31, 2023 | $10.2B | -20.2% |
| Jun 30, 2023 | $10.3B | -29.2% |
Revenue performance
The company reported lower revenue year-over-year, with a sequential uptick suggesting some stabilization. The filing context discussed capital allocation and liquidity management.
Quarterly comparison
Compared to the immediately preceding quarter, revenue edged higher, while relative to the same quarter one year earlier, revenue was substantially lower. The trend shows a decline from earlier periods.
What to watch
Demand recovery and the company's capital allocation strategy remain areas to monitor given the year-over-year decline.