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Analyst
Hassan Ahmed
Period: Reporting periods mapped to calendar 2024 Q4 – 2026 Q2 (7 quarters).
- Questions
- 9on tracked calls
- Challenge rate
- 22%2 of 9 questionsLimited sample
- Companies
- 2questioned at least once
- Reporting periods
- 7with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 9 of 9 questions from 2 companies
DOWDow Inc.7 questions · 7 reporting periods · 1 of 7 challenging
Calendar 2026 Q2
how are you sort of factoring in the recent rally that we've seen in crude oil prices
Show response
Karen Carter detailed the $0.10/lb integrated margin assumption in the $1.7B guide and noted rising oil/feedstock and China restocking as potential upside.
Calendar 2026 Q1
A question around the timelines associated with the normalization of supply chains in a post–peace declaration sort of environment, and also the sustainability of some of these pricing initiatives,...
Show response
Fitterling said 275+ days for logistics unwind, with more attacks since initial modeling. Last crude cargoes landed at refiners this month. Straits moved 130-150 cargoes/day; all tankage full. Carter added $0.05 Jan + $0.10 March settlements, March was record PE month, $0.30 April and $0.20 May on table.
Calendar 2025 Q4
I would love to sort of get an update with regards to where we stand on that figure
Show response
Fitterling said European rationalization confirmed 15-20%, nothing new on China anti-involution. Alberta justified by first-quartile cost position, exiting 4th quartile assets, and aligning with next upcycle timing.
Calendar 2025 Q3
What's less clear is the anti-evolution side. China, in particular, what cancellations may transpire over there
Show response
Fitterling detailed 9,300kt confirmed (4,400 EMEA + 4,900 APAC) plus 13M mt speculated (5M Japan/Korea + 7M China anti-involution). May see delays in China as market slow and self-sufficiency reached in some grades.
Calendar 2025 Q2
why even keep a fixed dividend. Industry, as we all know and have seen over the decades, continues to be cyclical why not just make it a variable dividend
Show response
Fitterling cited 128-year dividend history and investor expectations. On PE: closures mainly in Europe (~15%), but long-term PE grows above GDP. Timing of new capacity the key question.
Calendar 2025 Q1
if there is some semblance of a continuation, maybe at 30, 40, 50% of these tariffs, how do you see the Chinese react to that sort of a tariff regime?
Show response
Fitterling confirmed Chinese ethane/LPG crackers at negative cash margins. Expects pressure to force activity. US Gulf Coast, Canada, Argentina advantages persist long-term.
Calendar 2024 Q4
what polyethylene prices are you baking in? And what sort of ethane pricing environment are you baking in?
Show response
Carter detailed price increase nominations and feedstock dynamics. Fitterling added ethane frac spread at $0.50/mmBTU is favorable.
LYBLyondellBasell2 questions · 2 reporting periods · 1 of 2 challenging
Calendar 2025 Q4
how comfortable are you with that [ 23 million tonne ] figure, clearly with some of the facilities not having been identified as yet
Show response
Peter provided detailed regional breakdown since 2020: Europe ~5M closed + 2M announced (more expected). China ~5M closed + some announced, excluding anti-involution. South Korea ~3.7M anticipated. Southeast Asia ~3M closed + 1M announced. Japan closures executed and announced with ~1.5M anticipated. Total adds to ~23M+ excluding anti-involution. Emphasized domino effects from cracker shutdowns undermining remaining derivative plants.
Calendar 2025 Q2
with valuations having come down across the board, are there more of those things that you could potentially look at in the near to medium term
Show response
Peter used the question to present a broader growth picture: LYB invested above depreciation over past 5 years across PO/TBA, APS, Hyperzone, Sasol JV, VEP, MoReTec-1, NATPET expansion, Sipchem partnership, and acetyls technology upgrades. Existing assets not running at nameplate capacity provides organic growth optionality. No concrete M&A to announce.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| DOW Dow Inc. | 7 | 14%1 of 7 questions |
| LYB LyondellBasell | 2 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 1 | 0%none of 1 question | 1 |
| 2025 Q1 | 1 | 0%none of 1 question | 1 |
| 2025 Q2 | 2 | 50%1 of 2 questions | 2 |
| 2025 Q3 | 1 | 0%none of 1 question | 1 |
| 2025 Q4 | 2 | 50%1 of 2 questions | 2 |
| 2026 Q1 | 1 | 0%none of 1 question | 1 |
| 2026 Q2 | 1 | 0%none of 1 question | 1 |
- 2024 Q41 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q11 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q22 questions · challenge rate 50% (1 of 2 questions) · 2 companies
- 2025 Q31 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q42 questions · challenge rate 50% (1 of 2 questions) · 2 companies
- 2026 Q11 question · challenge rate 0% (none of 1 question) · 1 company
- 2026 Q21 question · challenge rate 0% (none of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Competitive Dynamics5
- Pricing3
- Supply Chain3
- Capital Allocation2
- Inventory1
- Capex Investment1
- Innovation & R&D1
- Trade Tariffs1
- Cost Pressure1