LYB - Earnings announcements

Net income: $125 million, $163 million excluding identified items1Diluted earnings per share: $0.38 per share; $0.49 per share excluding identified itemsEBITDA: $568 million, $615 million excluding identified itemsMiddle East war has steepened the global cost curve for the petrochemical industryLYB is leveraging cost-advantaged production to capture upside while maintaining financial resilience Demonstrating agility by increasing operating rates, optimizing production and capturing favorable pricing in dynamic markets with support from value-enhancing initiatives executed over the last three yearsAdvancing transformation of the LYB portfolio with the sale of four European sites to right-siz

Net income (loss): $(738) million, $563 million excluding identified items1Diluted earnings (loss) per share: $(2.34) per share; $1.70 per share excluding identified itemsEBITDA: $1.1 billion, $2.5 billion excluding identified itemsGenerated $2.3 billion of cash from operating activities with 95% cash conversion2Continued to navigate the cycle amid challenging market conditions by prioritizing operational excellence and achieving record safety performance while preserving strong liquidityCash Improvement Plan outperformed $600 million goal for 2025 by $200 million; targeting an additional $500 million for a total of $1.3 billion by year-end 2026Divestment of four European assets on track for

Net (loss) income: $(890) million, $330 million excluding identified items1Diluted (loss) earnings per share: $(2.77) per share; $1.01 per share excluding identified itemsEBITDA: $(480) million, $835 million excluding identified itemsNon-cash asset write-downs: $1,202 millionCash from operating activities: $983 millionStrong cash conversion2 of 135% during 3Q25Returned $443 million to shareholders during 3Q25 through dividendsContinued to navigate the cycle with operational and financial discipline: Cash Improvement Plan remains on track to deliver target of $600 million3 for 2025Operational improvements from higher rates for Hyperzone PE and Channelview PO/TBA exceeding benchmark for namepl

HOUSTON and LONDON, Aug. 01, 2025 (GLOBE NEWSWIRE) -- Net income: $115 million, $202 million excluding identified items1Diluted earnings per share: $0.34 per share; $0.62 per share excluding identified itemsEBITDA: $606 million, $715 million excluding identified itemsCash from operating activities: $351 millionReturned $536 million to shareholders through dividends and share repurchasesContinued to execute on strategy while navigating the cycle with operational and financial discipline: Announced the planned sale of select European assets to further optimize the business portfolioDeferring construction of Flex-2 project to preserve capital during the cycle downturnCash Improvement Plan on

ROTTERDAM, The Netherlands, June 05, 2025 (GLOBE NEWSWIRE) -- LyondellBasell (LYB) today announced that it has entered into an agreement and exclusive negotiations with AEQUITA for the sale of select olefins & polyolefins assets and the associated business in Europe. The sites to be sold have been part of the previously announced European strategic assessment and are located in Berre (France), Münchsmünster (Germany), Carrington (UK), and Tarragona (Spain). "This contemplated transaction is a significant step in LYB's transformation to Grow and Upgrade our Core. We are committed to operate our assets safely and reliably throughout this process and will continue to support our customers, e

HOUSTON and LONDON, April 25, 2025 (GLOBE NEWSWIRE) -- Net income: $177 million, $110 million excluding identified items1Diluted earnings per share: $0.54 per share; $0.33 per share excluding identified itemsEBITDA: $655 million, $576 million excluding identified itemsCash used by operating activities: $579 millionReturned $543 million to shareholders through dividends and share repurchasesPrioritized strategic actions on the company's three-pillar strategy: Strengthened U.S. Gulf Coast position with final investment decision to grow propylene productionOptimizing global footprint with allocation for cost-advantaged Saudi Arabian feedstocksUpgraded the portfolio by announcing closure

LYB remained sharply focused on executing its three-pillar strategyGenerated $3.8 billion of cash from operating activities with 90% cash conversion1Cash from operating activities funded $1.8 billion of capital expenditures and $1.9 billion in shareholder returns through dividends (with 14th consecutive year of annual dividend growth) and share repurchasesDelivered 65% year-over-year volume growth2 in the company's Circular and Low Carbon Solutions (CLCS) businessAnnounced Agustin Izquierdo to succeed Michael McMurray as CFO effective March 1, 2025 HOUSTON and LONDON, Jan. 31, 2025 (GLOBE NEWSWIRE) -- LyondellBasell Industries (NYSE:LYB) today announced results for the fourth quarter 2024

Third Quarter 2024 Highlights Net income: $573 million, $617 million excluding identified items(a)Diluted earnings per share: $1.75 per share; $1.88 per share excluding identified itemsEBITDA: $1.2 billionCash from operating activities: $670 millionReturned $479 million to shareholders through dividends and share repurchasesCreating long-term value through progress toward LYB's sustainability targets: Started construction of MoReTec-1 catalytic advanced recycling facility in GermanyExceeded 2030 renewable electricity target HOUSTON and LONDON, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Comparisons with the prior quarter and third quarter 2023 are available in the following table: Table 1 - Earn

HOUSTON and LONDON, Aug. 2, 2024 /PRNewswire/ -- Second Quarter 2024 Highlights Net income: $924 million, $734 million excluding identified items(a)Diluted earnings per share: $2.82 per share; $2.24 per share excluding identified itemsEBITDA: $1.6 billion, $1.4 billion excluding identified itemsCash from operating activities: $1.3 billionIncreased quarterly dividend by 7% to $1.34 per shareReturned $513 million to shareholders through dividends and share repurchasesTaking additional actions to grow and upgrade our core businessesCompleted divestment of Ethylene Oxide and Derivatives (EO&D) businessCompleted acquisition of 35% share in NATPET integrated polypropylene joint venture in Saudi A

HOUSTON and LONDON, April 26, 2024 /PRNewswire/ -- First Quarter 2024 Highlights Net Income: $473 million, $501 million excluding identified items(a)Diluted earnings per share: $1.44 per share; $1.53 per share excluding identified itemsEBITDA: $1.0 billion, $1.1 billion excluding identified itemsCash used by operating activities: $114 millionCash provided by operating activities of $4.3 billion over last 12 months resulting in 93% cash conversion(b)Returned $408 million in dividends to shareholdersComparisons with the prior quarter and first quarter 2023 are available in the following table: Table 1 - Earnings Summary  Millions of U.S. dollars (except share data) Three Months Ended March 31

HOUSTON and LONDON, Feb. 2, 2024 /PRNewswire/ -- Fourth Quarter 2023 Highlights  Net Income: $185 million, $411 million excluding identified items(a)Diluted earnings per share: $0.56 per share, $1.26 per share excluding identified itemsEBITDA: $639 million, $910 million excluding identified itemsGenerated $1.5 billion of cash from operating activities resulting in 171% cash conversion(b)Returned $406 million in dividends to shareholdersTook final investment decision to build first commercial-scale catalytic advanced recycling plant utilizing LYB's proprietary MoReTec technologyAnnounced divestiture of Ethylene Oxide and Derivatives business for $700 millionSubsequent Event Entered agreement

HOUSTON and LONDON, Aug. 4, 2023 /PRNewswire/ -- Second Quarter 2023 Highlights Net Income: $715 million, $801 million excluding identified items(a)Diluted earnings per share: $2.18 per share; $2.44 per share excluding identified itemsEBITDA: $1.4 billion, $1.5 billion excluding identified itemsNet cash provided by operating activities: $1.3 billion; $4.8 billion over trailing 12 monthsIncreased 2023 target for Value Enhancement ProgramIncreased quarterly dividend by 5% to $1.25 per shareReturned $508 million to shareholders through dividends and share repurchasesExtending refining operations through no later than end of first quarter 2025Comparisons with the prior quarter and second quarte

HOUSTON and LONDON, April 28, 2023 /PRNewswire/ --  First Quarter 2023 Highlights Net Income: $474 million, $822 million excluding identified items(a)Diluted earnings per share: $1.44 per share; $2.50 per share excluding identified items, an improvement of more than 90% relative to the fourth quarter 2022EBITDA: $1.1 billion, $1.5 billion excluding identified itemsNet cash provided by operating activities: $482 million; $5.1 billion over trailing 12 monthsAchieved 89% cash conversion(a) and 12% return on invested capital(a) over trailing 12 monthsReturned $459 million to shareholders through dividends and share repurchases in the first quarterLaunched new strategy targeting net income(b) of

HOUSTON and LONDON, Feb. 3, 2023 /PRNewswire/ -- Fourth Quarter 2022 HighlightsNet Income: $353 million, $427 million excluding identified items(a)Diluted earnings per share: $1.07 per share, $1.29 per share excluding identified itemsEBITDA: $792 million, $865 million excluding identified itemsDelivered $1.6 billion of cash from operating activitiesIncreased 2030 scope 1 and scope 2 greenhouse gas emission reduction target relative to 2020 levels and established a 2030 scope 3 reduction target to align with science-based guidanceAdvanced plans for plastic waste sorting and recycling facilities in U.S., Germany, India and ChinaBegan engineering on our first commercial advanced recycling plant

HOUSTON and LONDON, Oct. 28, 2022 /PRNewswire/ -- Third Quarter 2022 Highlights Net Income: $572 million, $642 million excluding identified items(a)Diluted earnings per share: $1.75 per share, $1.96 per share excluding identified itemsEBITDA: $1.1 billion, $1.2 billion excluding identified itemsAchieved 19% return on invested capital over trailing 12 monthsDelivered $1.4 billion in cash from operating activitiesReturned more than $550 million to shareholders in the form of dividends and share repurchasesEstablished new organizational structure to capture value and accelerate sustainable growthLaunched value enhancement program targeting $750 million in recurring annual EBITDA improvementCom

HOUSTON and LONDON, July 29, 2022 /PRNewswire/ -- Second Quarter 2022 Highlights Net Income:  $1.6 billion, $1.7 billion excluding LCM and impairment(a)Diluted earnings per share:  $4.98 per share, $5.19 per share excluding LCM and impairmentEBITDA:  $2.4 billion, $2.5 billion excluding LCM and impairmentRecord Intermediates & Derivatives segment quarterly EBITDACash from operating activities: $1.6 billion24 percent return on invested capital over the trailing twelve monthsReturned $2.1 billion to shareholders in the form of dividends and share repurchases during the quarterPeter Vanacker started as LyondellBasell's new CEO on May 23rdComparisons with the prior quarter and second quarter 20

HOUSTON and LONDON, April 29, 2022 /PRNewswire/ -- First Quarter 2022 Highlights Net Income: $1.3 billionDiluted earnings per share: $4.00EBITDA: $2.0 billion; strongest first quarter since 2015 and record first quarter for I&D segmentRobust cash from operating activities: $1.5 billionReturned $0.6 billion to shareholders through dividends and share repurchasesSubsequent Events Published 5th Annual Sustainability Report detailing our "Future Focused" path to 2030Announced plans to exit refining business by the end of 2023Comparisons with the prior quarter and first quarter 2021 are available in the following table: Table 1 - Earnings Summary  Millions of U.S. dollars (except share data) Thr

HOUSTON and LONDON, Jan. 28, 2022 /PRNewswire/ -- Full Year 2021 Highlights      Earnings Robust demand and tight markets led to record margins Net Income: $5.6 billion, $6.1 billion excluding LCM and impairment(a) Diluted earnings per share: $16.75 per share, $18.19 per share excluding LCM and impairment EBITDA: $8.7 billion, $9.3 billion excluding LCM and impairment, an annual record Record cash from operating activities of $7.6 billion with record $5.7 billion free cash flow     Disciplined Capital Allocation Strengthened our balance sheet with long-term debt reduction of $4 billion Returned approximately $2 billion to shareholders: Paid $4.44 per share in dividends, our elev

HOUSTON and LONDON, Oct. 29, 2021 /PRNewswire/ -- Third Quarter 2021 Highlights Robust demand and tight market conditions supported strong margins Accelerated our climate goals: 30% CO2 reduction by 2030 and net zero by 2050 (scope 1 and 2) Net Income: $1.8 billion Diluted earnings per share: $5.25 per share EBITDA: $2.7 billion Record cash from operating activities: $2.1 billion Strong cash flow supported debt reduction of $0.7 billion with $2.4 billion year-to-date Paid dividends and repurchased approximately 1 million shares totaling $0.5 billion in returns for shareholdersComparisons with the prior quarter and third quarter 2020 are available in the following table: Table 1 - Earnings S

HOUSTON and LONDON, July 30, 2021 /PRNewswire/ --  Second Quarter 2021 Highlights Record quarterly earnings driven by strong demand and tight market conditions Net Income: $2.1 billion Diluted earnings per share: $6.13 per share EBITDA: $3.0 billion; Record quarterly EBITDA for the company and for each of the O&P segments Cash from operating activities: $1.9 billion Strong cash flow supported debt repayment of $1.3 billion in the second quarter with $1.8 billion year-to-date Increased quarterly dividend by 7.6 percent to $1.13 per share reflecting confidence in dividend sustainability through cyclesComparisons with the prior quarter and second quarter 2020 are available in the following tab