LyondellBasell Industries N.V. (LYB) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased compared to the immediately preceding quarter but declined relative to the same quarter a year earlier. The sequential improvement was partially offset by a year-over-year decrease.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased compared to the immediately preceding quarter but declined relative to the same quarter a year earlier. The sequential improvement was partially offset by a year-over-year decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.7B
Revenue reported for this quarter.
Quarter-over-quarter
+4.5%
Change from the immediately preceding quarter.
Year-over-year
-15.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$29.8B
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, 2023 | $10.6B | -13.3% |
| Dec 31, 2023 | $2.2B | -78.9% |
| Mar 31, 2024 | $8.3B | -19.0% |
| Jun 30, 2024 | $8.7B | -15.8% |
Revenue performance
The reported revenue direction for the quarter was up from the prior quarter, reflecting a positive sequential trend. However, compared to the same period one year ago, revenue was down.
Quarterly comparison
Sequentially, revenue grew from the first quarter of the current fiscal year. On a year-over-year basis, revenue was lower than the second quarter of the prior fiscal year.
What to watch
Monitor whether the sequential revenue growth can sustain given the year-over-year decline and broader market conditions.