LYB - LyondellBasell Industries

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  1. T0rm3nted

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    LyondellBasell Industries N.V. (LYB) is a public multinational chemical company with American and European roots, incorporated in the Netherlands, with U.S. operations headquarters based in Houston, Texas, and global operations in London, UK. It was formed in December 2007 by the acquisition of Lyondell Chemical Company by Basell Polyolefins for $12.7 billion. LyondellBasell was listed on the New York Stock Exchange on October 14, 2010. Lyondell was delisted from the New York Stock Exchange (formerly NYSE: LYO) after the acquisition.

    LyondellBasell's United States operations filed for Chapter 11 bankruptcy protection in January 2009 and emerged from bankruptcy in April 2010.

    On March 3, 2015 LyondellBasell filed an unfair labor charge with the National Labor Relations Board against the United Steelworkers as a national refinery strike stretched into its fifth week. The company alleged union members have threatened employees returning to work at facilities affected by the strike and have been using abusive language on social media sites.
     

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