LyondellBasell Shareholders Approve Key Proposals at AGM

LyondellBasell ( (LYB) ) has shared an announcement.

At the annual general meeting on May 23, 2025, LyondellBasell Industries N.V. shareholders approved several key proposals, including the election of 12 directors, the discharge of directors from liability, and the adoption of the company’s annual accounts for 2024. The appointment of PricewaterhouseCoopers as the auditor and the ratification of their role as the independent registered public accounting firm for 2025 were also confirmed. Additionally, shareholders approved an advisory resolution on executive compensation and authorized the board to repurchase up to 10% of the company’s share capital, with the possibility of canceling repurchased shares. The share repurchase program, effective until November 23, 2026, allows for flexibility in execution based on market and economic conditions.

The most recent analyst rating on (LYB) stock is a Buy with a $113.00 price target. To see the full list of analyst forecasts on LyondellBasell stock, see the LYB Stock Forecast page.

Spark’s Take on LYB Stock

According to Spark, TipRanks’ AI Analyst, LYB is a Neutral.

LyondellBasell’s overall stock score reflects a blend of strengths in cash flow management and strategic cost initiatives, tempered by declining revenue, market volatility, and bearish technical indicators. The high dividend yield and reasonable valuation offer compensation, but challenges in profitability and market conditions necessitate careful management.

To see Spark’s full report on LYB stock, click here.

More about LyondellBasell

Average Trading Volume: 3,928,499

Technical Sentiment Signal: Sell

Current Market Cap: $18.1B

For an in-depth examination of LYB stock, go to TipRanks’ Stock Analysis page.