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Lyondell posts $5 million May operating loss on $1.2 billion of sales
By Jennifer Lanning Drey
Portland, Ore., June 30 - Lyondell Chemical Co. reported a $5 million operating loss for May on $1.412 billion in sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.
The net loss for the month was $63 million.
The company had cash and cash equivalents of $449 million at May 31.
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. The Chapter 11 case number is 09-10023.
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