Form 8-K · Current report
LyondellBasell 8-K, filed Oct 30, 2026
- Filed
- CIK
- 0001489393
- Accession no.
- 0001489393-26-000067
Summary
LyondellBasell reported third-quarter 2026 net income of $758 million, or $2.32 per diluted share, with EBITDA of $1.4 billion, and said it agreed to sell Houston Refining, L.P., owner of the former Houston refinery site, to a subsidiary of Valero Energy Corporation for $320.5 million in a deal expected to close in the fourth quarter of 2026 subject to regulatory approvals. CEO Peter Vanacker attributed the quarter to a cost-advantaged portfolio, oxyfuels strength and higher Intermediates & Derivatives profitability.
Key points
- LyondellBasell reported third-quarter 2026 net income of $758 million, or $2.32 per diluted share, on sales of $8,499 million, with EBITDA of $1.4 billion.
- The company agreed on October 29, 2026 to sell its wholly owned subsidiary Houston Refining, L.P., owner of the former Houston refinery site, to a subsidiary of Valero Energy Corporation for $320.5 million.
- The sale is expected to close in the fourth quarter of 2026, subject to regulatory and customary closing conditions, following the shutdown of refining operations at the site in February 2025.
- LyondellBasell guided to fourth-quarter operating rates of 85% for North American Olefins and Polyolefins assets, 60% for European O&P assets and 75% for Intermediates & Derivatives assets, and held $3.2 billion in cash with $7.7 billion in available liquidity.
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
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02. Results of Operations and Financial Conditions. On October 30, 2026, LyondellBasell Industries N.V. (the “Company”) announced earnings results for the quarter ended September 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…
An excerpt of the text as filed with the SEC, cut for length.
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