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LyondellBasell Industries N.V. LYB Refining — Asset Retirement Obligation, Revision of Estimate

Discontinued — last reported Q3 '22

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Other financials

Income statement

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Revenue$7.2B-6.3%
Gross profit$701.0M+27.7%
Operating income$239.0M+110%
Net income$125.0M-29.4%
EPS (diluted)$0.38-29.6%

Balance sheet

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Cash & equivalents$2.6B+41.1%
Total debt$12.8B+5.1%
Total equity$10.0B-17.8%
Total assets$34.0B-3.5%

Cash flow

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Operating cash flow-$269.0M+53.5%
CapEx$269.0M-44.3%
Free cash flow-$538.0M+49.3%

Valuation

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Market cap$19.95B+14.0%
Enterprise value$30.1B+9.2%
P/S0.7×+0.1×

Profitability

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Gross margin9.2%-3.3pp
Operating margin-1%
Net margin-2.7%

Returns & leverage

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Return on equity-7.1%
Debt / equity1.3×+0.3×
Current ratio1.5×-0.3×

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Questions, answered.

What is LyondellBasell Industries N.V.'s refining — asset retirement obligation, revision of estimate?
LyondellBasell Industries N.V. (LYB) reported refining — asset retirement obligation, revision of estimate of $121M in Q3 2022.
What does refining — asset retirement obligation, revision of estimate mean?
Adjustments to the estimated future costs of closing and cleaning up refining sites.
How do you interpret refining — asset retirement obligation, revision of estimate?
An increase in the obligation suggests higher future environmental or decommissioning liabilities, potentially impacting long-term cash flow projections.
How does refining — asset retirement obligation, revision of estimate compare across companies?
Commonly disclosed by heavy industrial and energy firms under environmental liability reporting.