LyondellBasell Industries NV said its normalized net income for the fourth quarter was $1.63 per share, compared with the S&P Capital IQ consensus estimate of $2.14 per share.
EPS climbed 10.0% year over year from $1.48.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $664.4 million, compared with $661.9 million in the prior-year period.
The normalized profit margin dropped to 8.6% from 9.4% in the year-earlier period.
Total revenue rose 9.6% on an annual basis to $7.75 billion from $7.07 billion, and total operating expenses increased 11.3% on an annual basis to $6.70 billion from $6.02 billion.
Reported net income fell year over year to $773.2 million, or $1.89 per share, from $793.7 million, or $1.78 per share.
For the year, the company's normalized net income totaled $7.67 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $9.25.
EPS declined from $8.33 in the prior year.
Normalized net income was $3.22 billion, a decline from $3.88 billion in the prior year.
Full-year total revenue declined year over year to $29.18 billion from $32.73 billion, and total operating expenses fell year over year to $24.12 billion from $26.61 billion.
The company said reported net income declined on an annual basis to $3.84 billion, or $9.15 per share, in the full year, from $4.47 billion, or $9.60 per share.
