Form 10-Q · Quarterly report
LyondellBasell 10-Q, filed Jul 31, 2026
- Filed
- CIK
- 0001489393
- Accession no.
- 0001489393-26-000061
Summary
LyondellBasell reported second-quarter 2026 net income of $559 million, up from $125 million in the first quarter, as margins improved on industry supply constraints tied to the conflict in the Middle East, while results included a $734 million pretax loss on the divestiture of select European olefins and polyolefins assets and the associated businesses. The company said its Bayport PO/TBA unit, which had an unplanned outage during the quarter, was successfully restarted in June 2026.
Key points
- Second-quarter 2026 sales and other operating revenues were $9,177 million, up 28% from the first quarter, with operating income of $1,543 million versus $239 million.
- LyondellBasell recognized $89 million of non-cash impairments in the first six months of 2026, including $74 million related to a plastic waste sorting facility in Houston, Texas.
- In the first six months of 2026 the company generated $483 million of cash from operating activities, invested $539 million in capital projects and paid $448 million in dividends.
- Other income in the second quarter of 2026 included a $52 million gain on the sale of excess European emissions credits.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. MANAGEMENT’S DISCUSSION OVERVIEW Results from continuing operations for the second quarter of 2026 increased compared to the first quarter of 2026, reflecting improved margins due to industry supply constraints as the conflict in the Middle East extended into the second quarter. In our Olefins and Polyolefins-Americas (“O&P-Americas”) segment, results improved relative to the prior quarter on expanding margins and favorable co-product pricing due to tighter global market supply. Our Olefins and Polyolefins-Europe, Asia, International (“O&P-EAI”) segment also benefited from improved polymer spreads, driven by supply chain disruptions and stronger joint venture contributions. …
An excerpt of the text as filed with the SEC, cut for length.
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