Form 8-K · Current report
LyondellBasell 8-K, filed Jul 31, 2026
- Filed
- CIK
- 0001489393
- Accession no.
- 0001489393-26-000057
Summary
LyondellBasell reported second-quarter 2026 net income of $559 million, or $1.71 per diluted share — $1.4 billion, or $4.30 per share, excluding identified items — on sales of $9.2 billion, and said it completed the divestiture of four European assets during the quarter. The company guided third-quarter operating rates of 85% for North American olefins and polyolefins assets, 70% for European O&P assets and 85% for Intermediates and Derivatives assets, and said its Cash Improvement Plan remains on target to deliver $500 million in incremental cash by the end of 2026.
Key points
- Second-quarter 2026 EBITDA was $1.3 billion, or $2.1 billion excluding identified items, and the company recognized $842 million of identified items net of tax, including a loss on the European asset sale and a write-down on an O&P–Americas joint venture.
- LyondellBasell generated $752 million in cash from operating activities in the quarter, with capital expenditures of $270 million and $224 million returned to shareholders through dividends; it held $2.6 billion in cash and $7.1 billion in available liquidity.
- The company said the Bayport PO/TBA unit was restarted in June at full rates after an unplanned outage, while planned downtime at the Clinton facility will affect polyolefins volumes in the second half.
- Chief Executive Peter Vanacker attributed the results to commercial actions, improved market conditions and supply disruptions, and said the European divestment and Cash Improvement Plan are repositioning the company with a structurally lower cost base.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02. Results of Operations and Financial Conditions. On July 31, 2026, LyondellBasell Industries N.V. announced earnings results for the quarter ended June 30, 2026 and provided a supplemental discussion of segment results. Copies of our earnings release and segment results are attached as Exhibit 99.1 and 99.2, respectively, and are incorporated into this Item 2.02 by reference. The information in this Item 2.02 of this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 furnished herewith, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and will not be incorporated by reference into any…
An excerpt of the text as filed with the SEC, cut for length.
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