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LyondellBasell Industries' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stock quotes in this article: LYB 

LyondellBasell Industries NV (LYB)

Q2 2012 Earnings Call

July 27, 2012 11:00 am ET

Executives

Douglas J. Pike – Investor Relations

Karyn Ovelmen – Executive Vice President and Chief Financial Officer

James L. Gallogly – Chief Executive Officer

Sergey Vasnetsov – Senior Vice President, Strategic Planning and Transactions

Analysts

Jeff Zekauskas – JPMC

David Begleiter – Deutsche Bank

Robert Koort – Goldman Sachs

P.J. Juvekar – Citigroup

Don Carson – Susquehanna Financial

Duffy Fischer – Barclays Capital

Laurence Alexander – Jefferies & Company

Vincent Andrews – Morgan Stanley

Kevin McCarthy – Bank of America/Merrill Lynch

Bill Hoffman – RBC Capital Markets

Nils Wallin – CLSA

Gregg Goodnight – UBS

Presentation

Operator

Hello, and welcome to the LyondellBasell Teleconference. At the request of LyondellBasell, this conference is being recorded for instant replay purposes. Following today's presentation, we will conduct a question-and-answer session. (Operator Instructions)

I’d now like to turn the call over to your host, Mr. Doug Pike, Vice President, Investor Relations. Sir, you may begin.

Douglas J. Pike

Thank you, Brian. Well, hello and welcome to LyondellBasell’s second quarter 2012 teleconference. I’m joined today by Jim Gallogly, our CEO; Karyn Ovelmen, our CFO; and Sergey Vasnetsov, our Senior Vice President of Strategic Planning and Transactions.

Before we begin the business discussion, I'd like to point out that a slide presentation accompanies today's call, and is available on our website at www.lyondellbasell.com. I'd also like you to note that statements made in this call relating to matters that are not historical facts are forward-looking statements, and these forward-looking statements are based upon assumptions of management, which are believed to be reasonable at the time made, and are subject to significant risks and uncertainties. Actual results could differ materially from those forward-looking statements. And for more detailed information about the factors that could cause our actual results to differ materially, please refer to the cautionary statements in the presentation slides and our financial reports, which are available at www.lyondellbasell.com/investorrelations. A reconciliation of non-GAAP financial measures to GAAP financial measures together with any other applicable disclosures, including the earnings release, are currently available on our website, lyondellbasell.com.

Finally, I'd like to point out that a recording of this call will be available by telephone beginning at 2 pm Eastern Time today until 7 pm Eastern Time on August 27, by calling 866-418-8384 in the United States and 203-369-0754 outside the United States, and the passcode for both numbers is 2378. And during today's call, we'll focus on second quarter 2012 performance, the current environment, and the near-term outlook.

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