LyondellBasell Trades Like An Oil Service Firm, Making It A Great Diversification Play
Chris Wallendal • Yesterday, 5:43 AM
- LyondellBasell trades in close correlation to oil service companies since it benefits from relatively high crude prices.
- Regardless of oil pricing, the company's products are currently enjoying strong cyclical market conditions and record profits.
- Owning LyondellBasell shares can help diversify a portfolio which includes oil price sensitive investments.
- Shares are attractively valued, including a 3% dividend yield and shareholder friendly policies.