LyondellBasell Industries NV (LYB) CEO Peter Vanacker on Q2 2022 Results - Earnings Call Transcript

LyondellBasell Industries NV (NYSE:LYB) Q2 2022 Earnings Conference Call July 29, 2022 11:00 AM ET

Company Participants

David Kinney - Head, IR

Peter Vanacker - CEO & Executive Director

Michael McMurray - EVP & CFO

Kenneth Lane - EVP, Global Olefins & Polyolefins

Torkel Rhenman - EVP, Global Intermediates, Derivatives & Refining

James Guilfoyle - EVP, Advanced Polymer Solutions & Global Supply Chain

Conference Call Participants

Stephen Byrne - Bank of America Merrill Lynch

Joshua Spector - UBS

Vincent Andrews - Morgan Stanley

Frank Mitsch - Fermium Research

John Roberts - Crédit Suisse

Kevin McCarthy - Vertical Research Partners

Bhavesh Lodaya - BMO Capital Markets

Christopher Parkinson - Mizuho Securities

Hassan Ahmed - Alembic Global Advisors

Michael Leithead - Barclays Bank

Jeffrey Zekauskas - JPMorgan Chase & Co.

David Begleiter - Deutsche Bank

Arun Viswanathan - RBC Capital Markets

Michael Sison - Wells Fargo Securities

Prashant Juvekar - Citigroup

Operator

Hello, and welcome to the LyondellBasell Teleconference. At the request of LyondellBasell, this conference is being recorded for instant replay purposes. [Operator Instructions]. I would now like to turn the conference over to Mr. David Kinney, Head of Investor Relations. Sir, you may begin.

David Kinney

Thank you, operator. Before we begin the discussion, I would like to point out that a slide presentation accompanies today's call is available on our website at www.lyondellbasell.com/investorrelations.

Today, we will be discussing our business results while making reference to some forward-looking statements and non-GAAP financial measures. We believe the forward-looking statements are based upon reasonable assumptions and the alternative measures are useful to investors. Nonetheless, the forward-looking statements are subject to significant risk and uncertainty. We encourage you to learn more about the factors that could lead our actual results to differ by reviewing the cautionary statements in the presentation slides and our regulatory filings, which are also available on our Investor Relations website.

Additional documents on our Investor website provide reconciliations of non-GAAP financial measures to GAAP financial measures, together with other disclosures, including the earnings release and our business results discussion. A recording of this call will be available by telephone beginning at 1:00 p.m. Eastern time today until August 29 by calling (877) 660-6853 in the United States and 201-612-7415 outside the United States. The access code for both numbers is 13729909.

Joining today's call will be Peter Vanacker, LyondellBasell's Chief Executive Officer; our CFO, Michael McMurray; Ken Lane, our Executive Vice President of Global Olefins and Polyolefins; Torkel Rhenman, EVP of Intermediates and Derivatives and Refining; and Jim Guilfoyle, EVP of Advanced Polymer Solutions and Supply Chain. During today's call, we will focus on second quarter results, current market dynamics and our near-term outlook.