Lyb stock price as of early June 2024

As of early June 2024, LYB stock price is trading near $98.40, showing resilience despite broader market volatility. Analysts cite strong petrochemical demand recovery and stable dividend yields as key drivers, while watchful eyes remain on feedstock cost trends. Evercore ISI backs the decreased value based on a number of factors, including the fact that European operations are “right-sizing,” oxyfuels are “no longer over-earning,” and that the industry “oversupply” is predicted to persist into the latter part of the decade. Find out about the key risks to this LyondellBasell Industries narrative. LYB stock price action reflects the sector’s cyclical nature. With summer driving season boosting downstream petrochemical demand, revenue projections could edge higher, influencing share valuations.