LyondellBasell Industries N.V. (LYB) Revenue — Quarter Ended Sep 30, 2024
Revenue declined from both the prior quarter and the same quarter one year earlier. The decrease was more pronounced on a year-over-year basis.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue declined from both the prior quarter and the same quarter one year earlier. The decrease was more pronounced on a year-over-year basis.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.6B
Revenue reported for this quarter.
Quarter-over-quarter
-0.9%
Change from the immediately preceding quarter.
Year-over-year
-19.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$27.7B
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 |
|---|---|---|
| Dec 31, 2023 | $2.2B | -78.9% |
| Mar 31, 2024 | $8.3B | -19.0% |
| Jun 30, 2024 | $8.7B | -15.8% |
| Sep 30, 2024 | $8.6B | -19.0% |
Revenue performance
Revenue for the quarter was lower than the immediately preceding quarter, reflecting a modest sequential decline. Compared with the same quarter a year ago, revenue decreased sharply.
Quarterly comparison
The quarter-over-quarter change showed a slight contraction, while the year-over-year comparison revealed a substantial drop. The sequential decline was minimal, but the annual comparison highlighted a significant loss in revenue.
What to watch
Monitor whether revenue trends stabilize in the coming quarters following the steep year-over-year decline.