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Article: LYONDELL PETROCHEMICAL COMPANY REPORTS EARNINGS FOR FOURTH QUARTER, FULL YEAR 1991
- Article from:
- PR Newswire
- Article date:
- January 27, 1992
CopyrightCOPYRIGHT 1992 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LYONDELL PETROCHEMICAL COMPANY REPORTS EARNINGS
FOR FOURTH QUARTER, FULL YEAR 1991
HOUSTON, Jan. 27 /PRNewswire/ -- Lyondell Petrochemical Company (NYSE: LYO) today reported net income for the full year 1991 of $222 million, or $2.78 per share, compared to $356 million, or $4.45 per share, in 1990.
Bob G. Gower, president and chief executive officer of Lyondell Petrochemical Company, said, "Even though Lyondell's 1991 results were affected by a sharp downturn in the petrochemical industry, they benefited from our ongoing emphasis on low cost and operational flexibility as well as continued high employee productivity. We are well positioned for ...