On 30-August-2018, we discussed the investment prospects of LyondellBasell (LYB) the giant chemical and oil refining company. Given its valuation, we think the company represents great value. Furthermore, we think they have some competitive advantages that make the company hard to beat. The company has tremendous scale and geographic diversification. Second, they have a raw material cost advantage. Most of the company's petrochemical facilities are located in the US, where the price of natural, gas and natural gas liquids are the lowest in the world. Refinery margins are good as well.
