LyondellBasell Industries N.V.

LyondellBasell Industries N.V. makes and sells large-volume chemicals and plastics used as feedstocks and finished materials across packaging, automotive, construction, and industrial applications. It also licenses polyolefin process technologies and sells catalysts, giving the company a mix of commodity chemical exposure and higher-value technology revenue.

3,2 %

8,5 %

−2,4 %

−9,7 %

1.77

1.20

— LyondellBasell Industries N.V.
%
Olefins & Polyolefins55% Commodity chemicals and plastics such as polyethylene and polypropylene used in packaging and industrial applications.
Intermediates & Oxyfuels20% Intermediate chemicals, oxyfuels and related products sold into fuel and industrial value chains.
Advanced Polymer Solutions15% Specialty polymers and engineered materials used in automotive, industrial and consumer end markets.
Technology10% Polyolefin catalysts, process technology licensing and related services.

The company sells to industrial customers that convert chemicals into plastics, fuels, and finished materials, with...

  • Packaging and consumer goods convertersprimary

    Buy polyethylene and polypropylene resins for films, containers and packaging applications where supply reliability and price matter.

  • Automotive manufacturers and suppliersprimary

    Buy advanced polymer solutions and specialty materials for lightweighting and performance parts.

  • Industrial and construction customersprimary

    Buy commodity chemicals and intermediates used in manufacturing, housing and infrastructure-related products.

  • Energy and fuel market customerssecondary

    Buy oxyfuels and related products whose demand and margins depend on crude, gasoline crack spreads and blending economics.

  • Technology licenseessecondary

    Buy catalysts, process technology and services to operate polyolefin production assets more efficiently.

LyondellBasell operates internationally, with a significant portion of revenue coming from Europe and meaningful...

  • •Europe is a major revenue base and a key operating region
  • •Asia and South America are important emerging-market demand areas
  • •North America benefits from cost-advantaged feedstocks and large end markets
  • •Most European transactions and assets are denominated in euros
  • •Global trade exposure creates tariff, FX and export-volume risk

Management is prioritizing cash generation, shareholder returns and balance-sheet discipline while navigating a weak...

01
Cash Improvement Planshort-term

Offsets macro volatility by lowering fixed costs, working capital and capital spending.

02
Shareholder returns and dividend disciplinemedium-term

Supports capital allocation credibility while balancing cyclical earnings and liquidity needs.

03
Portfolio rationalizationmedium-term

Improves capital efficiency and reduces exposure to weaker or non-core assets.

The business is highly exposed to chemical industry cyclicality, oversupply and commodity price competition, so margins...

high

Commodity price and margin pressure

Many products compete primarily on price, so oversupply or cost inflation can compress margins quickly.

Scope
Olefins, polyolefins and intermediates
Materiality
high
high

Cyclical end-market demand

Automotive, housing and industrial demand weaken in recessions, reducing volumes and pricing power.

Scope
Advanced polymer solutions and commodity chemicals
Materiality
high
high

Geographic macro exposure

A significant portion of revenue comes from Europe and emerging markets, which are sensitive to FX, tariffs and downturns.

Scope
Europe, Asia, South America, China
Materiality
high
high

Operational safety and environmental incidents

Chemical manufacturing carries fire, explosion, release and remediation risk that can halt production and create liabilities.

Scope
Plants, refineries and logistics assets
Materiality
high
medium

Cybersecurity and infrastructure attacks

A breach could disrupt operations, compromise data or affect third-party vendors and service providers.

Scope
Enterprise systems and industrial infrastructure
Materiality
medium
Goodwill and long-lived asset impairment
Full write-downs of goodwill and some property, plant and equipment
LIFO inventory accounting
Gross margin comparability and working capital
Discontinued operations
Revenue, EBITDA and operating income comparability
Shutdown and restructuring costs
Operating profit and cash flow

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: 11/08/2026