BNET Industries
Last Fiscal Year Sales:$22.2B
- Private
- US
Dow Jones Description
Chemical & Polymer Mfr & Refiner
Chairman, President & CEO
Dan F. SmithNumber of Employees 10,905
Peer Companies
NAICS Code Petroleum Refineries: 324110
Recent Events
-
LyondellBasell plans $2.8 billion rights issue
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Lyondell reaches settlement agreement with creditors
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After Slow Start, DIP Lending Is in Full Swing
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UPDATE 1-Lyondell says to reorganize via new stock offering
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Lyondell seeks bankruptcy financing extension
News & Analysis
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lyondell chemical co. and millennium chemicals inc. - All News and Analysis
Fitch Affirms IDRs For Lyondell, Equistar & Millennium; Outlook Revised to Positive
- 2007-03-05
CHICAGO -- Fitch Ratings affirms the ratings for Lyondell Chemical Company Lyondell, Equistar Chemicals L.P. Equistar, Millennium Chemicals Inc. Millennium and Millennium America Inc. following Lyondell's announcement to sell its worldwide inorganic chemicals business for $1.2 billion, including the assumption of certain liabilities directly related to the business. The transaction...
Fitch Places Lyondell and Equistar Ratings on Rating Watch Evolving
- 2006-07-21
CHICAGO -- Fitch Ratings has placed the ratings of Lyondell Chemical Company Lyondell and Equistar Chemicals L.P. Equistar on Rating Watch Evolving following Lyondell's announcement earlier today that the auction process to sell Lyondell Citgo Refinery LP LCR was discontinued. Fitch currently rates Lyondell's and Equistar's debt as follows. ...
Fitch Upgrades Lyondell & Equistar; Affirms Millennium
- 2006-02-03
CHICAGO -- Fitch Ratings has upgraded the following ratings for Lyondell Chemical Company Lyondell and Equistar Chemicals L.P. Equistar: Lyondell --Issuer default rating IDR to 'BB-' from 'B'; --Senior secured credit facility to 'BB+' from 'BB/RR1' (RR1 subsequently withdrawn); --Senior secured notes and debentures to 'BB+'...
Fitch Rates Millennium America Inc.'s New Sr. Secured Credit Facility 'BB+'
- 2005-08-10
CHICAGO -- Fitch Ratings has assigned a 'BB+' (R1) to the new US$250 million five-year guaranteed secured bank facility of Millennium America with Millennium Inorganic Chemicals MICL, a co-borrower under the facility. This facility replaces an existing secured credit facility that was due to mature in June 2006 that was...
Fitch Revises Outlook to Positive for Lyondell & Equistar; Affs Lyondell, Equistar & Millennium Rtgs
- 2005-05-06
CHICAGO -- Fitch Ratings has affirmed Lyondell Chemical Company's Lyondell senior secured credit facility rating at 'B+', Lyondell's senior secured notes at 'B+', and Lyondell's senior subordinated notes at 'B-'. Fitch has also affirmed the 'B+' rating on Equistar Chemicals L.P.'s Equistar senior secured credit facility, and the 'B-' rating...
Lyondell Chemical acquisition of Millennium gives it a Beaumont, Texas, plant.
- 2004-12-03
By Dan Wallach, The Beaumont Enterprise, Texas Knight Ridder/Tribune Business News Dec. 3--Lyondell Chemical Co.'s recent acquisition of Millennium Chemicals Inc. also brings a Beaumont chemical plant into the Houston-based Lyondell's corporate portfolio. Beaumont-based PD Glycol, a manufacturer of ethylene...
Millennium Chemicals sold; 500 Maryland workers to stay put
- 2004-12-02
Allaying any fears of job cuts, Lyondell Chemical Co. yesterday finalized its acquisition of Hunt Valley-based Millennium Chemicals Inc. and said there will be no layoffs or changes to the combined company's operations in Maryland. Officials from Lyondell, which is based in Houston, said Millennium's four Maryland...
Millennium Chemical's record profit fuels stock burst
- 2004-11-10
Millennium Chemicals Inc. reported some of its biggest profits on record yesterday and its stock price hit a 52-week high, just weeks before it merges with one of its largest rivals. The Hunt Valley-based company, which will combine with Houston- based Lyondell Chemical Co. on Dec. 1,...
The Baltimore Sun Jay Hancock column.
- 2004-11-10
By Jay Hancock, The Baltimore Sun Knight Ridder/Tribune Business News Nov. 10--In the quarter-century since a few Conoco executives awarded themselves millions in exit prizes when DuPont took over their company, the "golden parachute" has evolved into a common and highly...
Lyondell, Millennium closing set.(Lyondell Chemical Co.)(Millennium Chemicals Inc.)(Brief Article)
- 2004-10-13
Lyondell Chemical says that its previously announced $2.3-billion acquisition of Millennium Chemicals is expected to close on December 1 (CW, April 7/14, p. 8). The companies have scheduled November 30 shareholder meetings to approve the transaction.
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Charles L. Hall | Chief Accounting Officer |
| Morris Gelb | Chief Operating Officer |
| Charles W. Graham | Executive Vice President, Lyondell Asia Pacific & Vice President |
| Edward J. Dineen | Senior Vice President, Chemicals & Polymers |
| James Bayer | Senior Vice President, Manufacturing, Health, Safety & Environ |
| John A. Hollinshead | Senior Vice President, Hr |
| Kerry A. Galvin | General Counsel, Secretary & Senior Vice President |
| W. Norman Phillips Jr. | Senior Vice President, Fuels & Raw Matls |
| W. Norman Phillips, JR. | Senior Vice President, Fuels & Raw Matls |
| Allen C. Holmes | Vice President, Tax & Real Estate |
| Dale Young | Vice President, Supply Chain |
| Douglas Pike | Vice President, Investor Relations |
| Eric A. Silva | Vice President, Information Technology |
| Gerald O'Brien | Vice President |
| Jose L. Rodriguez | Vice President, Planning, Supply & Optimization |
| Karen A. Twitchell | Treasurer & Vice President |
| Mario Portela | Vice President, Corp Dev |
| Lisa M. Martin-Walsh | Manager, Corp & Employee Communications |
| Carol A. Anderson | Director |
| David J. Lesar | Director |
| David J.P. Meachin | Director |
| Paul S. Halata | Director |
| Ray R. Irani | Director |
| Stephen F. Hinchliffe Jr. | Director |
| Stephen I. Chazen | Director |
| Worley H. Clark Jr. | Director |
| Danny W. Huff | Compensation & Human Resources Committee Member |
| Travis Engen | Corporate Responsibility & Governance Committee Member |
| William R. Spivey | Audit Committee Member |
| William T. Butler | Corporate Responsibility & Governance Committee Member |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Dan F. Smith | Chairman, President & CEO |
| Daniel J. Murphy | Board of Directors |
| Dudley C. Mecum | Board of Directors |
| Susan K. Carter | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Chairman, President & CEO | Current |
| Lyondell Chimie France Corporation | President | Current |
| Cooper Industries Ltd. | Chairman Management Development and Compensation Committee, Member Executive Committee | Current |
| Cooper Industries Ltd. | Board of Directors | Current |
| Lyondell Chemical Company | Director | Current |
| Lyondell Chemical Company | Executive Committee Member | Current |
| Millennium Chemicals Inc. | CEO | Former |
| Equistar Chemicals, LP | Chief Executive Officer | Former |
| Rigid Building Systems Ltd. | Chief Executive Officer | Former |
| Lyondell-Citgo Refining LP | President | Former |
| Millennium America Holdings, Inc. | President | Former |
| Lyondell Chemical Company | Chief Financial Officer | Former |
| Lyondell Chemical Company | Senior Vice President | Former |
| ARCO Chemical Company | Vice President | Former |
| ARCO | Engineer | Former |
| Equistar Chemicals, LP | Board of Directors | Former |
| Lamar University | B.S. Degree In Chemical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Chief Accounting Officer | Current |
| Lyondell Chemical Company | Vice President | Current |
| Lyondell Chemical Company | Controller | Current |
| Lyondell Chemical Company | Board of Directors | Current |
| Millennium Chemicals Inc. | Vice President & Controller | Former |
| Equistar Chemicals, LP | Chief Accounting Officer, Controller & Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Chief Operating Officer | Current |
| LyondellBasell Industries | Executive Vice President, Office of the CEO | Current |
| Rigid Building Systems Ltd. | Director | Current |
| Equistar Chemicals, LP | Board of Directors | Current |
| Equistar Chemicals, LP | Coo | Former |
| Lyondell Chemical Company | Executive Vice President | Former |
| ARCO Chemical Company | Vice President for Research and Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Lyondell Asia Pacific, Ltd.รก | Executive Vice President | Current |
| Lyondell Chemical Company | Executive Vice President, Lyondell Asia Pacific & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| LyondellBasell Industries | President, Chemicals Division | Current |
| Lyondell Chemical Company | Senior Vice President, Chemicals & Polymers | Current |
| Rigid Building Systems Ltd. | Senior Vice President, Chemicals | Current |
| Spartech Corporation | Board of Directors | Current |
| Rigid Building Systems Ltd. | Board of Directors | Current |
| ARCO Chemical Company | Vice President, Performance Products and Development | Former |
| ARCO Chemical Company | Supply Chain and Development | Former |
| Princeton University | MS In Chemical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Senior Vice President, Manufacturing, Health, Safety & Environ | Current |
| ARCO Chemical Company | Director, Gulf Coast Manufacturing | Former |
| ARCO Chemical Company | Channelview Plant Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Senior Vice President, Hr | Current |
| Rigid Building Systems Ltd. | Vice President, Human Resources | Former |
| Equistar Chemicals, LP | Vice President, Hr | Former |
| Lyondell Chemical Company | Manager, Human Resources | Former |
| Organization | Position | Status |
|---|---|---|
| Rigid Building Systems Ltd. | Senior Vice President | Current |
| Lyondell Chemical Company | General Counsel, Secretary & Senior Vice President | Current |
| Rigid Building Systems Ltd. | Secretary | Current |
| Lyondell Chemical Company | Secretary | Current |
| Equistar Chemicals, LP | General Counsel, Senior Vice President & Secretary | Former |
| Rigid Building Systems Ltd. | General Counsel | Former |
| Lyondell Chemical Company | General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Senior Vice President, Fuels & Raw Matls | Current |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Senior Vice President, Fuels & Raw Matls | Current |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Vice President, Tax & Real Estate | Current |
| LyondellBasell Industries | Vice President, Tax and Real Estate | Current |
| Organization | Position | Status |
|---|---|---|
| LyondellBasell Industries | Divisional Senior Vice President, Sales and Supply Chain, Chemicals | Current |
| Lyondell Chemical Company | Vice President, Supply Chain | Current |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Vice President, Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Vice President, Information Technology | Current |
| LyondellBasell Industries | Vice President, Information Technology | Current |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Vice President | Current |
| Lyondell Chemical Company | Deputy General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Vice President, Planning, Supply & Optimization | Current |
| Organization | Position | Status |
|---|---|---|
| LyondellBasell Industries | Vice President and Treasurer | Current |
| Lyondell Chemical Company | Treasurer & Vice President | Current |
| Lyondell Chemical Company | Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| LyondellBasell Industries | Vice President, Corporate Development | Current |
| Lyondell Chemical Company | Vice President, Corp Dev | Current |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Manager, Corp & Employee Communications | Current |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Director | Current |
| Lyondell Chemical Company | Compensation & Human Resources Committee Member | Current |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Board of Directors | Current |
DAVID J. LESAR, Chairman of the Board, President and Chief Executive Officer of the Company, since 2000; President of the Company, 1997-2000; Executive Vice President and Chief Financial Officer, 1995-1997; joined Halliburton Company Board in 2000; Director of Lyondell Chemical Company.
| Organization | Position | Status |
|---|---|---|
| Halliburton Company | Chief Executive Officer | Current |
| Halliburton Company | Chairman | Current |
| Lyondell Chemical Company | Director | Current |
| American Petroleum Institute | Board of Directors | Current |
| Lyondell Chemical Company | Compensation & Human Resources Committee Member | Current |
| Halliburton Company | President | Former |
| Halliburton Company | Cfo | Former |
| Halliburton Energy Services, Inc. | Executive Vice President of Finance and Administration | Former |
| Halliburton Company | Executive Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Director | Current |
| Lyondell Chemical Company | Compensation & Human Resources Committee Member | Current |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Director | Current |
| Lyondell Chemical Company | Corporate Responsibility & Governance Committee Member | Current |
| Mercedes-Benz USA Inc. | Chief Executive Officer | Former |
| Mercedes-Benz USA Inc. | President | Former |
Dr. Irani has been Chairman and Chief Executive Officer of Occidental since 1990. He was Chief Operating Officer from 1984 to 1990. He was Chairman of the Board of Directors of Canadian Occidental Petroleum Ltd. (now Nexen Inc.) from 1987 to 1999. Dr. Irani also is a director of Wynn Resorts, Limited and TCW Group.
| Organization | Position | Status |
|---|---|---|
| Occidental Oil & Gas Corporation | Chairman & CEO | Current |
| Occidental Petroleum Corporation | Chief Executive Officer | Current |
| TCW Group | Chairman and Chief Executive Officer, Occidental Petroleum Corporation, Los Angeles, California | Current |
| Particle Size | Current | |
| House of Lebanon | Honorary Chairman of the Board | Current |
| Occidental Petroleum Corporation | Chairman | Current |
| Lyondell Chemical Company | Director | Current |
| American Petroleum Institute | Director | Current |
| Cedars Bank | Board Director | Current |
| World Affairs Council | Board of Directors | Current |
| The Strip Podcast | Director | Current |
| California Business Roundtable | Board of Directors | Current |
| TCW Group | Director | Current |
| American Chemical Society | Board of Directors | Current |
| Wynn Resorts Limited | Board of Directors | Current |
| Wynn Las Vegas | Board of Directors | Current |
| Occidental Petroleum Corporation | Dividend Committee Member | Current |
| Occidental Chemical Corporation | Chief Executive Officer | Former |
| KB Home | Chairman & CEO | Former |
| Olin Corporation | President | Former |
| Occidental Petroleum Corporation | President | Former |
| Occidental Petroleum Corporation | Coo | Former |
| Olin Corporation | Chief Operating Officer | Former |
| Occidental Chemical Corporation | Executive Vice President | Former |
| Monsanto Company | Senior Research Group Leader | Former |
| Occidental Chemical Corporation | Chairman | Former |
| Nexen, Inc. | Board of Directors | Former |
| KB Home | Board Director | Former |
| Occidental Petroleum Corporation | Board Director | Former |
| American University of Beirut | B.S. Degree In Chemistry | Former |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Occidental Petroleum Corporation | President & Chief Financial Officer | Current |
| Lyondell Chemical Company | Director | Current |
| Washington Mutual, Inc. | Board of Directors | Current |
| Occidental Petroleum Corporation | Senior Executive Vice President | Former |
| Merrill Lynch & Co., Inc. | Managing Director, Investment Banking | Former |
| Premcor Inc. | Board of Directors | Former |
| Michigan State University | PhD, Geology | Former |
| The University of Houston | M.S., Finance | Former |
| Rutgers University | B.S., Geology | Former |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Compensation & Human Resources Committee Member | Current |
| Georgia-Pacific Corporation | Chief Financial Officer | Former |
| Georgia-Pacific Corporation | Executive Vice President, Finance | Former |
| Lyondell Chemical Company | Audit Committee Chair | Former |
| Lyondell Chemical Company | Director | Former |
| Georgia-Pacific Corporation | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Corporate Responsibility & Governance Committee Member | Current |
| Lyondell Chemical Company | Compensation & Human Resources Committee Chair | Former |
| Lyondell Chemical Company | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Lyondell Chemical Company | Audit Committee Member | Current |
| Lyondell Chemical Company | Corporate Responsibility & Governance Committee Chair | Former |
| Lyondell Chemical Company | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Baylor College of Medicine | Chancellor Emeritus | Current |
| Lyondell Chemical Company | Corporate Responsibility & Governance Committee Member | Current |
| Lyondell Chemical Company | Chairman | Former |
| Lyondell Chemical Company | Board of Directors | Former |
Executive News
-
The Companies Headhunters Avoid
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What The Boss Makes
-
CEO Pay: Schwarzman Tops Corporate Library List
-
Blackstone's Schwarzman Tops Pay List
-
The top 10 highest paid CEOs are...
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Oil execs top U.S. compensation
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A Modest Oil Rush in California
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Oil above US$67 amid Dow rally
-
Occidental Petroleum Net Falls 70%
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Gas futures jump 4 percent amid Dow rally
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Occidental profit plummets 70 per cent
Industry Transcripts by Seeking Alpha
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Ocean Power Technologies, Inc. F2Q10 (Qtr End 10/31/09) Earnings Call Transcript
on Dec 10, 2009about OPTT
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New Jersey Resources F4Q09 (Qtr End 09/30/09) Earnings Call Transcript
on Dec 01, 2009about NJR
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Atwood Oceanics Inc. F4Q09 (Qtr End 30/09/09) Earnings Call Transcript.
on Nov 24, 2009about ATW
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StealthGas Inc. Q3 2009 Earnings Call Transcript
on Nov 17, 2009about GASS
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WGL Holdings Inc. F4Q09 (Qtr End 09/30/09) Earnings Call Transcript
on Nov 13, 2009about WGL
Glass Door
Energy Industry Companies
| Company | Employer Rating |
| Chevron |  |
| ConocoPhillips |  |
| Exxon | |
| Occidental Petroleum | |
| Schlumberger | |
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