LyondellBasell (NYSE: LYB) today announces organizational changes to increase value from existing assets and targeted growth opportunities while accelerating the development of our circular and low carbon solutions to meet increasing market demand. The changes, effective October 1, 2022, signify the deliberate steps LyondellBasell is taking in the company's evolution.
Shares of chemical giant LyondellBasell Industries (NYSE: LYB) have held up better than the broader market year to date, but the stock has been hit with a handful of recent analyst downgrades and is now down 11%. Let's examine why LyondellBasell looks like a compelling investment opportunity as it navigates the headwinds. LyondellBasell is a major producer and refiner of plastic resins and other chemicals.
LyondellBasell (LYB) closed at $72.20 in the latest trading session, marking a -1.2% move from the prior day.