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AI brief of an SEC Form 8-K · LyondellBasell (LYB)

LyondellBasell Q4 net loss of $603 million after $1,065 million in asset write-downs

Negative Impact 4 of 5 earnings Written later

LyondellBasell reported a fourth-quarter 2024 net loss of $603 million, or $1.87 per diluted share, compared with net income of $185 million in the same quarter of 2023. Sales and other operating revenues were $9,497 million, down from $9,929 million a year earlier, and the company recorded $1,065 million of pre-tax asset write-downs. The filing also announced that Agustin Izquierdo will succeed Michael McMurray as chief financial officer effective March 1, 2025.

Key points

  • Q4 2024 net loss of $603 million, or $1.87 per share, versus net income of $185 million in Q4 2023
  • Q4 2024 sales and other operating revenues of $9,497 million, versus $9,929 million in Q4 2023
  • Full-year 2024 net income of $1,367 million, or $4.15 per share, versus $2,121 million in 2023
  • Agustin Izquierdo to succeed Michael McMurray as CFO effective March 1, 2025

The filing

CompanyLyondellBasell (LYB)
Form8-K, current report
Filed with the SECJan 31, 2025, 6:31 AM ET
Accession number0001489393-25-000004

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 31, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.