Nov 29, 2022 / 04:00PM GMT
Michael C. McMurray - LyondellBasell Industries N.V. - Executive VP & CFO
Let me take a few minutes to set the stage for our conversation with some brief updates on LyondellBasell.
So cautionary statements. Okay, there we go. As always, we ask that you review our customary language around forward-looking statements and non-GAAP financial measures. We also provide some reconciliations of the non-GAAP financial measures in the appendix.
Next slide. As you saw in recent results from LyondellBasell and our peers, the third quarter was very challenging for our industry, and September's exit rate is pointing to lower fourth quarter results. Nonetheless, at LyondellBasell, we are very excited about the work underway to reshape our longer-term strategy and deliver value for investors.
Before we discuss our strategic initiatives, let's review Slide 3 and some details of our recent performance. Despite third quarter challenges, LyondellBasell generated $7.7 billion in EBITDA over the past 12 months and converted nearly all of that EBITDA into $7.6 billion of cash from operations.
LyondellBasell Industries NV at Citi Basic Materials Conference Transcript
Jan 23, 2024
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