GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » LyondellBasell Industries NV (NYSE:LYB) » Definitions » Retained Earnings

LyondellBasell Industries NV (LyondellBasell Industries NV) Retained Earnings : $9,692 Mil (As of Dec. 2023)


View and export this data going back to 2010. Start your Free Trial

What is LyondellBasell Industries NV Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. LyondellBasell Industries NV's retained earnings for the quarter that ended in Dec. 2023 was $9,692 Mil.

LyondellBasell Industries NV's quarterly retained earnings increased from Jun. 2023 ($9,580 Mil) to Sep. 2023 ($9,917 Mil) but then declined from Sep. 2023 ($9,917 Mil) to Dec. 2023 ($9,692 Mil).

LyondellBasell Industries NV's annual retained earnings increased from Dec. 2021 ($8,563 Mil) to Dec. 2022 ($9,195 Mil) and increased from Dec. 2022 ($9,195 Mil) to Dec. 2023 ($9,692 Mil).


LyondellBasell Industries NV Retained Earnings Historical Data

The historical data trend for LyondellBasell Industries NV's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

LyondellBasell Industries NV Retained Earnings Chart

LyondellBasell Industries NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,435.00 4,440.00 8,563.00 9,195.00 9,692.00

LyondellBasell Industries NV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9,195.00 9,277.00 9,580.00 9,917.00 9,692.00

LyondellBasell Industries NV Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


LyondellBasell Industries NV  (NYSE:LYB) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


LyondellBasell Industries NV (LyondellBasell Industries NV) Business Description

Traded in Other Exchanges
Address
Delftseplein 27E, 4th Floor, Rotterdam, ZH, NLD, 3013 AA
LyondellBasell is a petrochemical producer with operations in the United States, Europe, and Asia. The company is the world's largest producer of polypropylene and is also a major producer of polyethylene and propylene oxide. Its chemicals are used in various consumer and industrial end products. Well over half of LyondellBasell's production come from its North American operations.
Executives
Jeffrey A Kaplan officer: EVP & Chief Legal Officer C/O LYONDELLBASELL INDUSTRIES N V, DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Ai Investments Holdings Llc 10 percent owner 730 FIFTH AVENUE, NEW YORK NY 10019
Rita E Griffin director C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Anthony R Chase director 10307 PACIFIC CENTER COURT, SAN DIEGO CA 92121
Trisha L Conley officer: EVP, People and Culture C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Tracey D Campbell officer: EVP, Sustainability & Corp Aff C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Van Der Laan Yvonne officer: EVP, Circular & Low Carbon Sol C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Michael C. Mcmurray officer: EVP & CFO C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Jagjeet S. Bindra director 2244 WALNUT GROVE AVENUE, P.O. BOX 800, ROSEMEAD CA 91770
James D Guilfoyle officer: SVP, Global I&D C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Virginia A Kamsky director C/O KAMSKY ASSOCIATES, INC., 563 PARK AVENUE, NEW YORK NY 10065
James Malcolm Seward officer: SVP, R&D, Tech & Sustain. C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Vanacker Peter Z. E. director C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Buchanan Robin W.t. director STATIONSPLEIN 45, ROTTERDAM P7 3013AK
Chukwuemeka A. Oyolu officer: SVP, CAO & Investor Relations 3010 BRIARPARK DRIVE, HOUSTON TX 77042