|Bid||67.19 x 800|
|Ask||67.20 x 800|
|Day's Range||66.12 - 68.77|
|52 Week Range||33.71 - 98.91|
|Beta (5Y Monthly)||1.58|
|PE Ratio (TTM)||8.49|
|Earnings Date||Jul. 31, 2020 - Aug. 04, 2020|
|Forward Dividend & Yield||4.20 (6.40%)|
|Ex-Dividend Date||Jun. 05, 2020|
|1y Target Est||66.50|
Indian Oil is currently operating polypropylene plants with total capacity of 1,300 KTA that are based on LyondellBasell's (LYB) proprietary Spheripol technology.
(Bloomberg) -- Sasol Ltd. has received offers from firms including Ineos Group Ltd. for a large stake in a U.S. chemical complex it is selling to shore up its finances, according to people familiar with the matter.Chevron Phillips Chemical Co. and LyondellBasell Industries NV are also among those moving into a second round of bidding for a slice of the Lake Charles project in Louisiana, the people said, asking not to be identified as the matter is private. The stake could fetch more than $2 billion, according to the people.“Our expanded asset disposal process has yielded good interest by strong contenders for a number of our assets,” a spokesman for Sasol said.Representatives for LyondellBasell and Chevron Phillips declined to comment. A representative for Ineos was not immediately available for comment.The sale highlights South Africa-based Sasol’s need for cash as it struggles with debt taken on to develop the Lake Charles site, which is seen as an opportunity to diversity from fuel production. The cost of the plant has risen sharply from early estimates to $13 billion and this, coupled with falling oil prices, has heaped pressure on Sasol’s finances.The company’s share price has taken a hit as a result, falling 54% this year, giving it a market value of around $5.1 billion. Sasol said in March that it planned to repay $6 billion of debt by the end of its next fiscal year in June 2021, mostly through asset sales, as it looks to avoid the need for a rights issue.It would prefer to find an industrial partner for the Lake Charles project -- which is designed to make the chemical building blocks used in products including packaging, bottles and footwear, plus solvents, explosives and fertilizers -- and may structure any deal as a joint venture, a person familiar with the matter said in April.“A package of measures have been developed that are intended to reposition the company over the following 24 months,” the Sasol spokesman said on Friday. “This includes the potential for exploring partnering options at Sasol’s world-class US base chemicals business.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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HOUSTON and ROTTERDAM, Netherlands, April 14, 2020 /CNW/ -- LyondellBasell (NYSE:LYB - News), one of the largest plastics, chemicals and refining companies in the world, today announced a $1.3 million donation to support the COVID-19 response efforts of the Global FoodBanking Network and United States local food banks. LyondellBasell's donation will support food banks in 17 countries and communities where the company has major operations. "The pandemic has disrupted various facets of our lives and millions of people, many who have not needed relief before, are depending on our food banking organizations to keep food on the table," said Lisa Moon, President and CEO of The Global FoodBanking Network.
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