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LyondellBasell Industries NV
F:DLY

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LyondellBasell Industries NV Logo
LyondellBasell Industries NV
F:DLY
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Price: 64 EUR 2.56% Market Closed
Market Cap: €20.8B

LyondellBasell Industries NV
Investor Relations

LyondellBasell Industries is a large chemical company that turns oil- and gas-based raw materials into plastics and other industrial chemicals. Its core products are polyethylene, polypropylene, propylene oxide, and related materials used to make packaging, automotive parts, household goods, construction products, and many other everyday items. The company sells mostly to other businesses, not to consumers. Its customers are manufacturers and distributors that need plastic resins, chemical intermediates, and sometimes refining and fuel-related products. LyondellBasell makes money by buying feedstocks, processing them through its plants, and selling the finished chemicals and polymers into global industrial markets. What makes its business different is that it sits in the middle of the plastics and chemicals supply chain. It is not a brand-name consumer company; it is a key upstream supplier that helps convert basic hydrocarbons into materials used across many industries. It also licenses some of its chemical and polyolefin technology, which adds a second way to earn revenue beyond physical product sales.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 1, 2026
AI Summary
Q1 2026

Results: LyondellBasell reported first quarter earnings of $0.49 per diluted share and EBITDA of $615 million, with EBITDA up nearly 50% from the prior period on seasonal strength and better market conditions in March.

Conflict impact: Management said the Middle East conflict has materially disrupted petrochemical markets and will likely affect supply, logistics, and pricing for many quarters, not just months.

Pricing power: The company said polyethylene and polypropylene price increases are holding or rising, and it pushed through additional price increases in April and May to capture tight supply.

Portfolio shift: LYB completed the sale of four European assets, a milestone in its portfolio transformation that should improve flexibility, reduce fixed costs, and sharpen capital allocation.

Capital discipline: The board cut the quarterly dividend by 50% to preserve financial flexibility, while management reiterated focus on debt repayment, working capital discipline, and an investment-grade balance sheet.

Segment strength: Olefins and Polyolefins-Americas and Intermediates and Derivatives both benefited from tighter markets, though outages at Bayport and La Porte held back some earnings.

Outlook: Management sounded more constructive on second quarter results across most segments, while cautioning that higher raw material, energy, and logistics costs will continue to pressure some businesses.

Key Financials
Earnings per diluted share
$0.49
EBITDA
$615 million
Cash balance
$2.6 billion
Liquidity
$7.3 billion
Cash conversion
111%
Cash used in operating activities
$269 million
Capital investments
$269 million
Dividends returned to shareholders
$224 million
Quarterly dividend
50% reduction
Effective and cash tax rates
15% to 20%
Year-to-date total recordable incident rate
0.13
Fixed costs
under $50 million lower
Headcount reduction
approximately 3,000 positions
Future growth projects EBITDA uplift
approximately $400 million
O&P-Americas EBITDA
$327 million
O&P-Americas operating rate
approximately 85%
O&P-Americas cracker operating rate
approximately 95%
Polyethylene sales
up 6.5%
Polyethylene inventories
down 7.6%
Polyethylene price increase
$0.50 per pound
Polypropylene spread increase
$0.10 per pound
EAI operating rate
approximately 80%
I&D EBITDA
$224 million
Bayport downtime impact
approximately $40 million
Bayport restart impact
approximately $25 million per week
I&D operating rate
approximately 75%
APS EBITDA
$58 million
Technology EBITDA
$18 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael C. McMurray
Executive VP & CFO
No Bio Available
Mr. James D. Guilfoyle
Senior VP of Olefins & Polyolefins - Europe, Africa, Middle East and India
No Bio Available
Mr. Torkel Rhenman
Executive Vice President of Advanced Polymer Solutions
No Bio Available
Mr. Chukwuemeka A. Oyolu
Senior VP, Chief Accounting Officer & IR Officer
No Bio Available
Ms. Kathy VanLandingham
Chief Information Officer
No Bio Available
Mr. David Kinney
Head of Investor Relations
No Bio Available
Mr. Jeffrey A. Kaplan J.D.
Executive VP & General Counsel
No Bio Available
Ms. Trisha Conley
Executive Vice President of People & Culture
No Bio Available
Mr. Dale Friedrichs
Executive Vice President of Operational Excellence & HSE
No Bio Available
Mr. James Malcolm Seward
Executive VP & Chief Innovation Officer
No Bio Available

Contacts

Address
London
4th Floor, One Vine Street
Contacts
+442072202600.0
www.lyondellbasell.com
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