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LyondellBasell Warns Middle East Turmoil Could Keep Petrochemical Markets Volatile Into 2027
LyondellBasell (LYB) Q2 earnings beat estimates with $4.30 EPS and $9.18B revenue. Pre-market stock rises nearly 4%. Read top takeaways.
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- benzinga
- Observed
- Jul 31, 2026, 12:01 PM
- Checked
- Jul 31, 2026, 12:00 PM
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- Captured once, then retained as an archive reference
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Shares of chemical and coatings companies are trading higher as fading expectations for further U.S.-Iran negotiations on free maritime transport through the Strait of Hormuz mean that shortages of specialty petrochemicals and other feedstocks may persist for longer.
Read original at benzingaShares of chemical and coatings companies are trading higher after reports suggesting that the Iranian government will try to delay a deal with the U.S. An impasse may mean that bottlenecking of feedstock cargoes may continue with limited Strait of Hormuz marine passage.
Read original at benzingaRBC Capital Maintains Outperform on LyondellBasell Industries, Raises Price Target to $72
RBC Capital analyst Arun Viswanathan maintains LyondellBasell Industries (NYSE:LYB) with a Outperform and raises the price target from $65 to $72.
Read original at benzinga