HOUSTON (AP) _ LyondellBasell Industries (LYB) on Friday reported second-quarter profit of $1.13 billion.
The Houston-based company said it had profit of $2.81 per share. Earnings, adjusted to account for discontinued operations, were $2.82 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.71 per share.
The oil refiner and chemical company posted revenue of $8.4 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $8.67 billion.
LyondellBasell shares have increased almost 1 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 11 percent. The stock has climbed 11 percent in the last 12 months.