Oct 30, 6:31 AM ET
LyondellBasell reported third quarter 2026 net income of $758 million, or $2.32 per share, alongside EBITDA of $1.4 billion. The company also entered into an agreement to sell its former Houston refinery site and related assets to a subsidiary of Valero Energy Corporation for $320.5 million.
- Third quarter 2026 net income reached $758 million, or $2.32 per diluted share.
- EBITDA for the quarter was $1.4 billion, or $1.5 billion excluding identified items.
- Agreed to sell Houston Refining, L.P. and related assets to Valero Energy Corporation for $320.5 million.
- Increased cash by approximately $600 million during the quarter, including a €500 million debt repayment.
Read the filing on SEC.gov ↗
Jul 31, 6:31 AM ET
LyondellBasell reported second-quarter 2026 net income of $559 million, or $1.71 per diluted share, up from $125 million, or $0.38, in the first quarter, as higher margins amid Middle East supply disruptions lifted results. The quarter included $842 million of identified items, net of tax, mainly a $734 million pre-tax loss on the May 2026 divestiture of select European olefins and polyolefins assets. The company expects supply conditions to remain volatile and its recovery period to likely extend into 2027, with lower third-quarter operating rates at some assets.
- Net income of $559 million ($1.71 per diluted share) versus $125 million ($0.38) in Q1 2026 and $115 million ($0.34) in Q2 2025.
- Excluding identified items, net income was $1.4 billion, or $4.30 per diluted share, after a $734 million pre-tax loss on sale of European assets.
- Sales and other operating revenues were $9,177 million, up from $7,197 million in Q1 2026 and $7,658 million in Q2 2025.
- Third-quarter 2026 operating rates expected at 85% for North American O&P assets, 70% for European O&P assets and 85% for Intermediates & Derivatives assets.
Read the filing on SEC.gov ↗
May 29, 4:15 PM ET
LyondellBasell subsidiaries amended the structured accounts receivables facility, effective June 26, 2026. The amendment extends the facility's term to June 25, 2027 and reduces the maximum amount available from $900 million to $700 million. The filing says no receivable purchases or letters of credit were outstanding as of May 29, 2026.
- Maximum amount available cut from $900 million to $700 million
- Facility term extended to June 25, 2027
- Amendment effective June 26, 2026; agreement signed May 29, 2026
- No trade receivable purchases or letters of credit outstanding as of May 29, 2026
Read the filing on SEC.gov ↗
May 22, 4:05 PM ET
At its May 22, 2026 annual meeting, LyondellBasell shareholders elected 12 directors and approved an amended Long Term Incentive Plan that adds 8,000,000 ordinary shares. They also approved a new share repurchase program covering up to 10% of issued share capital, or 34,042,250 shares, through November 22, 2027. The buyback is not an obligation, and the added plan shares could dilute existing holders.
- Shareholders present represented 285,156,235 shares, about 88.34% of shares entitled to vote.
- Plan amendments authorize 8,000,000 additional ordinary shares and cap annual grants to any non-executive director at $2 million in grant-date fair value.
- Repurchase authority covers up to 34,042,250 shares until November 22, 2027, and may be suspended or discontinued at any time.
Read the filing on SEC.gov ↗
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