BUZZ-LyondellBasell falls after Q1 profit miss on weak performance

Reuters

2025/04/25

** Shares of petrochemicals manufacturer LyondellBasell LYB.N down 2.5% at $57.75 premarket

** LYB announces a $500 million cost-saving plan in response to macroeconomic volatility

** Company misses profit estimates, hurt by weak performance at its largest segment and low demand in Europe and China

** Posts Q1 adjusted profit of 33 cents vs estimate of 43 cents

** As of last close, shares were down 20.22% YTD

(Reporting by Katha Kalia in Bengaluru)

((Katha.Kalia@thomsonreuters.com))

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