Earnings summaries and quarterly performance for LyondellBasell Industries.
Executive leadership at LyondellBasell Industries.
Peter Vanacker
Detailed
Chief Executive Officer
CEO
AL
Aaron Ledet
Detailed
Executive Vice President, Intermediates & Derivatives
AI
Agustin Izquierdo
Detailed
Executive Vice President and Chief Financial Officer
JK
Jeffrey Kaplan
Detailed
Executive Vice President and General Counsel
KF
Kimberly Foley
Detailed
Executive Vice President, Global Olefins & Polyolefins
TR
Torkel Rhenman
Detailed
Executive Vice President, Advanced Polymer Solutions
Board of directors at LyondellBasell Industries.
AM
Albert Manifold
Detailed
Director
AC
Anthony Chase
Detailed
Director
BK
Bridget Karlin
Detailed
Director
CF
Claire Farley
Detailed
Director
JA
Jacques Aigrain
Detailed
Chair of the Board
LB
Lincoln Benet
Detailed
Director
MH
Michael Hanley
Detailed
Director
RG
Rita Griffin
Detailed
Director
RD
Robert Dudley
Detailed
Director
RB
Robin Buchanan
Detailed
Director
VK
Virginia Kamsky
Detailed
Director
Research analysts who have asked questions during LyondellBasell Industries earnings calls.
Frank Mitsch
Fermium Research
6 questions for LYB
Also covers: AVNT, CE, CTVA +13 more
JZ
Jeffrey Zekauskas
JPMorgan Chase & Co.
6 questions for LYB
Also covers: ALB, AMCR, APD +31 more
Kevin McCarthy
Vertical Research Partners
6 questions for LYB
Also covers: ALB, ALTM, APD +17 more
Vincent Andrews
Morgan Stanley
6 questions for LYB
Also covers: ALB, APD, AVNT +20 more
DB
David Begleiter
Deutsche Bank
5 questions for LYB
Also covers: ALB, APD, ASH +24 more
Michael Sison
Wells Fargo
5 questions for LYB
Also covers: ALB, APD, ASH +16 more
AY
Aleksey Yefremov
KeyBanc Capital Markets
4 questions for LYB
Also covers: ALB, ALTM, AXTA +14 more
Patrick Cunningham
Citigroup
4 questions for LYB
Also covers: ALB, APD, AXTA +17 more
Joshua Spector
UBS
3 questions for LYB
Also covers: ALB, AMBP, APD +37 more
Matthew Blair
Tudor, Pickering, Holt & Co.
3 questions for LYB
Also covers: AMTX, BG, CE +20 more
AR
Alexander Robinson
Citigroup Inc.
2 questions for LYB
CP
Christopher Perrella
UBS Group AG
2 questions for LYB
Also covers: ALB, CBT, DOW +3 more
Hassan Ahmed
Alembic Global Advisors
2 questions for LYB
Also covers: CC, CE, DOW +7 more
Steve Byrne
Bank of America
2 questions for LYB
Also covers: ADM, APD, AXTA +19 more
JE
John Ezekiel Roberts
Mizuho Securities
1 question for LYB
Also covers: ALB, APD, ASH +21 more
JS
Josh Spector
UBS Group
1 question for LYB
Also covers: ALB, AMBP, APD +28 more
Matthew Deyoe
Bank of America
1 question for LYB
Also covers: APD, AXTA, CF +12 more
Recent press releases and 8-K filings for LYB.
LyondellBasell reports Q4 and full-year 2025 results
LYB
Earnings
Guidance Update
- Generated $2.3 billion of cash from operations, $2.5 billion EBITDA, and $1.70 diluted EPS in 2025, with a 95% cash conversion ratio.
- Value Enhancement Program delivered $1.1 billion of recurring annual EBITDA in 2025 (exceeding plan) and is extended to $1.5 billion by 2028.
- Cash Improvement Plan conserved $800 million versus a $600 million target and aims to deliver an additional $500 million in 2026 (cumulative $1.3 billion by year-end).
- Q4 EBITDA of $417 million was weighed down by seasonal volume declines, higher feedstock/energy costs, maintenance downtime, and net identified items of $61 million (net of tax) plus $52 million of LIFO charges.
- 2026 outlook includes ~$1.2 billion of CapEx, an effective tax rate of ~10%, and a normalization of working capital rebuilding through seasonal recovery.
8 days ago
LyondellBasell reports Q4 and full-year 2025 results
LYB
Earnings
Guidance Update
Divestments
- Full-year 2025: $2.3 billion cash from operations, 95% cash conversion, $1.70 EPS, $2.5 billion EBITDA
- Q4 2025 EBITDA of $417 million, down on seasonal volume headwinds, higher feedstock/energy costs, and maintenance downtime
- Cash Improvement Plan: conserved $800 million vs. $600 million target, driven by $400 million working capital reduction and 7% workforce cut
- 2026 outlook: $1.2 billion CapEx ($400 million growth, $800 million sustaining) and $500 million incremental cash improvement
- Strategic progress: sale of four European assets on track for Q2 2026 and VEP extended to $1.5 billion recurring EBITDA by 2028
8 days ago
LyondellBasell reports Q4 and full year 2025 results
LYB
Earnings
Guidance Update
New Projects/Investments
- LyondellBasell generated $2.3 billion in cash from operations in 2025 with a 95% cash conversion ratio, $1.70 earnings per diluted share, and $2.5 billion of EBITDA.
- In Q4 2025, the company delivered $417 million of EBITDA; Olefins & Polyolefins Americas contributed $164 million, EAI segment posted a $61 million loss, and Technology segment EBITDA was $80 million.
- The 2025 cash improvement plan outperformed a $600 million savings target by delivering $800 million, and the cumulative target through 2026 was increased to $1.3 billion (including $500 million additional in 2026).
- 2026 capital expenditure guidance is set at $1.2 billion (comprising $800 million of sustaining and $400 million of growth spend), with an expected 10% effective tax rate.
- The Value Enhancement Program achieved $1.1 billion of recurring annual EBITDA in 2025 and is being extended to target $1.5 billion by 2028 at mid-cycle margins and rates.
8 days ago
LyondellBasell reports Q4 2025 results
LYB
Earnings
Debt Issuance
- Full-year 2025: net loss of $0.7 B, diluted loss per share of $2.34, EBITDA of $1.1 B, EBITDA ex-identified items of $2.5 B and 95% cash conversion.
- 4Q 2025 EBITDA ex-identified items was $345 M, down from $835 M in 3Q 25, driven by lower seasonal demand and higher maintenance costs.
- Generated $2.3 B in operating cash flow, ended 2025 with $3.4 B cash and $8.1 B available liquidity, supporting an investment-grade balance sheet.
- Q4 segment EBITDA ex-identified items: O&P Americas $162 M, Intermediates & Derivatives $205 M, Technology $80 M.
8 days ago
LyondellBasell reports 2025 earnings
LYB
Earnings
Dividends
Share Buyback
- LyondellBasell posted a 2025 net loss of $738 million (−$2.34 per share) and net income of $563 million excluding identified items ($1.70 per share).
- Full-year EBITDA was $1.1 billion, or $2.5 billion excluding identified items.
- The company generated $2.3 billion of cash from operations with a 95% cash conversion rate, ending 2025 with $3.4 billion of cash and $8.1 billion of total liquidity.
- In 2025, LYB reinvested $1.9 billion in capex and returned $2.0 billion to shareholders via dividends and share repurchases.
- The Cash Improvement Plan outperformed its $600 million goal by $200 million, with a $1.3 billion target by year-end 2026, and the divestment of four European assets remains on track for Q2 2026 completion.
Jan 30, 2026, 11:31 AM
LyondellBasell reports 2025 earnings
LYB
Earnings
Dividends
- LyondellBasell reported a full-year net loss of $738 million (−$2.34 per share) and 2025 EBITDA of $1.1 billion; excluding identified items, net income was $563 million with EBITDA of $2.5 billion.
- Generated $2.3 billion of operating cash with 95% cash conversion, reinvested $1.9 billion in capital expenditures and returned $2.0 billion to shareholders via dividends and share repurchases.
- The Cash Improvement Plan delivered $800 million in 2025—$200 million above target—and the cumulative savings goal was raised to $1.3 billion by end-2026.
- Ended 2025 with $3.4 billion of cash and $8.1 billion of available liquidity; divestment of four European assets is on track to close in Q2 2026.
Jan 30, 2026, 11:30 AM
LyondellBasell outlines Q3 performance and 2025–26 outlook
LYB
Guidance Update
New Projects/Investments
- Q3 results beat consensus, driven by recovery in olefins & polymers Americas and absence of the Channelview turnaround (-$200 M), with 135% cash conversion in Q3 and 90% over the last 12 months (long-term average 80%).
- Launched a $1.1 B cash improvement plan for 2025–26, targeting $600 M in 2025 via $200 M working capital release, $200 M fixed-cost cuts, and $200 M in CapEx reductions.
- Q4 headwinds include $110 M of planned turnarounds, an unplanned $30 M impact at the Leap JV, and ~$80 M of OPAM margin compression; absence of 2025 one-off items should drive $400–450 M EBITDA improvement in 2026.
- Global polyethylene supply is expected to grow ~9% vs. 6% demand growth over the next few years, with new Chinese capacity running at ~65–70% of nameplate rates.
- European asset divestiture on track to close H1 2026, requiring a $350 M equity injection and ~$100–150 M of separation costs, with negligible EBITDA loss post-deal.
Dec 3, 2025, 2:20 PM
LyondellBasell details Q3 cash performance and 2025 outlook
LYB
Guidance Update
New Projects/Investments
- Q3 cash conversion reached 135% (90% over the last 12 months) and the company launched a $1.1 billion cash improvement plan for 2025–2026, targeting $600 million in 2025 across working capital, operating rates and fixed‐cost reductions.
- 2025 capital expenditure reduced from $2.2 billion to $1.7 billion, with a run‐rate maintenance CapEx of $1.1 billion–$1.2 billion; 2026 CapEx is guided to $1.2 billion, including $100 million related to the European asset sale.
- Q4 headwinds of ~$140 million from planned turnarounds ($110 million) and a Leap JV upset ($30 million); demand growth remains at 3% versus 9% supply additions and 6% demand expansion expected over the next two years.
- Portfolio actions include a European asset sale closing H1 2026 (requiring $350 million equity injection and ~$150 million separation costs, minimal EBITDA loss) and MoReTec-1, a 50 kt chemical recycling plant on track for 2027 start with over 50% pre‐sold at a $500/ton premium.
Dec 3, 2025, 2:20 PM
LyondellBasell outlines Q4 2025 outlook and 2026 baseline at Goldman Conference
LYB
Guidance Update
New Projects/Investments
- Cash improvement plan of $1.1 billion over 2025–26, targeting $600 million in 2025 via $200 million releases each from working capital, fixed cost reductions and CapEx savings.
- Q4 2025 headwinds include $110 million of scheduled turnarounds (Matagorda, Wesseling, IND), an unexpected $30 million LEAP JV outage and an $80 million OPAM margin drag from raw material cost pressures.
- 2026 baseline expected to improve by $400 million–$450 million year-on-year, benefiting from the absence of major turnarounds and normalized seasonal demand growth of ~3%.
- CapEx forecast of $1.2 billion in 2026 (minimum $1.1 billion maintenance), supporting completion of chemical recycling projects and tight working capital management.
- European asset sale on track for H1 2026 close with minimal EBITDA impact, requiring $350 million equity injection and up to $150 million separation costs (c.$80 million spent in 2025).
Dec 3, 2025, 2:20 PM
LyondellBasell issues $1.5 billion of guaranteed senior notes
LYB
Debt Issuance
- On November 13, 2025, LYB International Finance III, LLC completed an underwritten public offering of $500 million 5.125% Guaranteed Notes due 2031 and $1 billion 5.875% Guaranteed Notes due 2036, fully and unconditionally guaranteed by LyondellBasell Industries N.V.
- The 2031 Notes were priced at 99.806% to yield 5.165% (spread of +145 bps to the October 2030 UST), and the 2036 Notes at 99.279% to yield 5.968% (spread of +185 bps to the August 2035 UST)
- Settlement occurred on November 13, 2025 (T+2), with interest payable semi-annually on January 15 and July 15 (first payment July 15, 2026)
- Notes are callable at a make-whole premium (2031: T+25 bps; 2036: T+30 bps) before the par call dates (Dec 15, 2030 and Oct 15, 2035, respectively), and at 100% thereafter; holders have a 101% change-of-control put
Nov 13, 2025, 9:07 PM
Quarterly earnings call transcripts for LyondellBasell Industries.
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