In the first quarter, the company paid out dividends worth $351 million. It also had 334 million common shares outstanding as of Mar 31. Outlook LyondellBasell expects low crude oil pricing, the coronavirus pandemic and a slowing economy to affect its business in the second quarter. The company's order books for April and May indicate strong ongoing demand for its polyolefins in medical and consumer packaging applications. Demand for industrial and durable products markets are expected to remain weak. Moreover, significantly lower demand for transportation fuels will impact the Refining and Oxyfuels & Related Products businesses. The company is undertaking actions to manage risk by accelerating cost-saving initiatives, aggressively managing working capital and lowering capital expenditures for 2020 by $500 million. It also increased liquidity to more than $5 billion during April.