Lyondell records $42 million November operating loss; sales fall

By Caroline Salls

Pittsburgh, Dec. 31 - Lyondell Chemical Co. reported a $42 million operating loss for November on $1.616 billion in sales, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of New York.

In October, the company posted $2 million of operating income on $1.673 billion in sales.

The net loss for November was $305 million, widening from a $25 million October net loss.

Lyondell had $327 million of cash and cash equivalents at Nov. 30, down from $344 million at the end of October.

Lyondell is a U.S. subsidiary of LyondellBasell Industries AF SCA, a Netherlands-based polymer, petrochemicals and fuels company. LyondellBasell's U.S. operations and one of its European holding companies filed for bankruptcy on Jan. 6, 2009. The Chapter 11 case number is 09-10023.

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