LyondellBasell Industries NV at Deutsche Bank Industrials & Materials Summit Conference Transcript

Jan 23, 2024

Jun 08, 2023 / 01:50PM GMT
David L. Begleiter - Deutsche Bank AG, Research Division - MD and Senior Research Analyst

Thank you. Next up is LyondellBasell. With us is the CFO, Michael McMurray. So a few brief comments and we'll go into the Q&A portion of the session. So with that, Michael, podium is all yours.

Michael C. McMurray - LyondellBasell Industries N.V. - Executive VP & CFO

Thanks, David. Good morning, everyone. I was going to make a few opening comments before I sit back down and take questions from David. So these are the cautionary statements from our legal team. I'll let you take a quick look at that. We move on.

This is kind of a performance snapshot. LyondellBasell reported first quarter results in late April. My comments here this morning will largely focus on kind of current conditions. We saw solid results in moderating improving market conditions in the first quarter.

But since the first quarter, we've really kind of seen 3 things. I'd say, first and foremost, refining margins have moved off a good bit since the first quarter. And so that's

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