LyondellBasell reported Q3 revenue of $8.50B (est. $8.87B) and adjusted EPS of $2.54 (est. $2.57). Adj. EBITDA came in at $1.51B. Q4 guidance shows N.A. O&P operating rate at 85%, European O&P at 60%, and I&D at 75%. Operating cash flow was $1.7B. Cash increased by ~$600M during the quarter, including a planned €500M debt repayment. The Clinton turnaround was completed on time and under budget. European PO joint venture closure costs impacted EPS by $0.22/share.
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