LyondellBasell Industries N.V.

LyondellBasell Industries NV surpassed Wall Street’s revenue and earnings expectations, with earnings at $2.46 per share and EBITDA reaching $1.4 billion. The company maintains a strong liquidity position, with $7 billion available at the end of the quarter. The quarter saw an exceptional cash conversion, showcasing a judicious capital deployment strategy. Maturing bonds were repaid, investments to foster asset growth were funded, and shareholders were rewarded through dividends and share repurchases. The company remains steadfast in executing its long-term strategy built on three pillars. The commitment to actively grow and upgrade core businesses, exemplified by the successful launch of the world’s largest single-train propylene oxide plant, contributed to significant quarterly EBITDA in the Intermediates and derivatives segment. Simultaneously, strategic decisions were made, such as the closure of a polypropylene production unit in Italy, aligning with the goal of realigning resources toward businesses supporting core growth. LyondellBasell is actively progressing in building a profitable circular and low-carbon solutions business, with substantial achievements in recycled or renewable-based polymer production. The company’s joint ventures with Cyclyx International to accelerate plastic waste recycling and circular plastic initiatives demonstrate its commitment to sustainability.