LyondellBasell Targets $1.3 Billion in Cost Savings After Surprise Quarterly Loss

(Reuters) – Petrochemicals maker LyondellBasell  on Friday posted a surprise loss for the fourth quarter and said it aims to save $1.3 billion by the end of 2026, as it continues to keep a tight lid on costs amid volatility in feedstock and energy prices. LyondellBasell’s shares, however, rose 1.5% in premarket trading as the … Read more