"During 2012, we generated income from continuing operations of $2,858 million or $4.96 per share. Our North American olefins business and our Intermediates and Derivatives segment set the pace for the year's strong performance. The benefits of our focused back-to-basics strategy were clearly demonstrated as reliable manufacturing operations allowed us to take advantage of favorable market conditions. The U.S. shale gas revolution is clearly visible in our current results as well as future growth plans," Gallogly said.
"Over the past two and a half years, the company has advanced every facet of its business processes, including safer and more reliable operations, strict cost control and refurbishing its assets through a large number of major turnarounds. This work has enabled strong returns to shareholders, a strengthened balance sheet, and a significant capital growth program. Our employees' hard work and dedication have contributed to our strong operational and financial performance," Gallogly said.
"During the year, we paid dividends of more than $2.4 billion, or $4.20 per share, contributing to an annual shareholders' return of 89 percent. Our success was further recognized through our addition to the S&P 500 index and Moody's raising our credit rating to investment grade," Gallogly said.
Lyondell Chemical Company
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