LyondellBasell Industries NV (LYB) has declared a $1.25 dividend. While its stock performance has been uneven – suffering a fall but also recording rises on Wednesday and Thursday, the latter still underperforming the market – it shows a promising future with strategic moves towards sustainability and growth. LYB has announced its decision to acquire Mepol Group and formed a joint venture to build a plastic waste sorting and recycling facility, signaling its commitment to environmental responsibility. In fact, it is also planning to build an advanced facility. Furthermore, it stated its intention to establish a plastics recycling joint venture with Genox Recycling. LYB also forged a significant commitment to renewable energy through five 15-year solar power purchase agreements with Grenergy. The recent developments triggered a mix of opinions on whether one should buy LYB stocks or not, with some analyst upgrades and downgrades happening on a weekly basis.
Lyondellbasell Industries N v Class A LYB News Analytics from Thu, 04 Jun 2015 15:09:00 GMT to Thu, 09 May 2024 21:01:00 GMT -
Rating 2
- Innovation 3
- Information 6
- Rumor -6
