LyondellBasell Industries N.V. (LYB) Revenue — Quarter Ended Mar 31, 2024
Revenue for the recent quarter rose sharply from the preceding quarter but was lower than the same period a year earlier. The sequential increase reflected a recovery from the prior quarter's trough, while the year-over-year decline indicated ongoing pressure.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the recent quarter rose sharply from the preceding quarter but was lower than the same period a year earlier. The sequential increase reflected a recovery from the prior quarter's trough, while the year-over-year decline indicated ongoing pressure.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.3B
Revenue reported for this quarter.
Quarter-over-quarter
+284.8%
Change from the immediately preceding quarter.
Year-over-year
-19.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$31.4B
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, 2023 | $10.3B | -29.2% |
| Sep 30, 2023 | $10.6B | -13.3% |
| Dec 31, 2023 | $2.2B | -78.9% |
| Mar 31, 2024 | $8.3B | -19.0% |
Revenue performance
The substantial sequential gain was driven by a rebound in business activity, as indicated by the trend data. The company's revenue performance improved markedly from the previous quarter's low base.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased dramatically. In contrast, compared to the same quarter one year earlier, revenue decreased.
What to watch
Monitor whether the sequential momentum can sustain given the year-over-year decline in revenue.