LyondellBasell Industries N.V. (LYB) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter was sharply lower compared to both the preceding quarter and the same quarter a year ago. The trailing twelve-month revenue reflects the substantial drop in the final quarter.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter was sharply lower compared to both the preceding quarter and the same quarter a year ago. The trailing twelve-month revenue reflects the substantial drop in the final quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
-79.7%
Change from the immediately preceding quarter.
Year-over-year
-78.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$33.3B
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 |
|---|---|---|
| Mar 31, 2023 | $10.2B | -20.2% |
| Jun 30, 2023 | $10.3B | -29.2% |
| Sep 30, 2023 | $10.6B | -13.3% |
| Dec 31, 2023 | $2.2B | -78.9% |
Revenue performance
The reported revenue decreased dramatically from the immediately preceding quarter and from the same quarter one year earlier.
Quarterly comparison
Sequentially, revenue fell sharply, and the year-over-year comparison also showed a steep decline. The prior quarters in the fiscal year had higher revenue levels.
What to watch
Monitor whether the revenue decline in this quarter reflects a temporary disruption or a sustained downturn.