LyondellBasell: Expected Dividend Cut Sets Up The Long-Term Bull Case

AI Briefing

• – LyondellBasell slashes its dividend 50% as earnings fall, but cost cuts and divestments progress.
• – The company expects to return to profitability in 2023 after a tough Q2.
• – LYB stock is a hold despite the dividend cut due to its long-term growth prospects.