HOUSTON (AP) _ LyondellBasell Industries (LYB) on Friday reported second-quarter profit of $314 million.

The Houston-based company said it had profit of 94 cents per share. Earnings, adjusted for non-recurring gains, were 71 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The oil refiner and chemical company posted revenue of $5.55 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $5.78 billion.

LyondellBasell shares have declined 31% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has fallen 23% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LYB at https://www.zacks.com/ap/LYB

Automated Insights, source Associated Press News