Form 10-Q · Quarterly report
LyondellBasell 10-Q, filed Oct 30, 2026
- Filed
- CIK
- 0001489393
- Accession no.
- 0001489393-26-000070
Summary
LyondellBasell reported third-quarter 2026 net income of $758 million on revenue of $8,499 million, with first-nine-month net income of $1,442 million compared with a year-earlier net loss of $598 million. The company said lower polymer and olefins prices pressured its Olefins & Polyolefins segments, while Intermediates and Derivatives improved, and it recorded a $734 million pre-tax loss on the May 2026 divestiture of select European olefins and polyolefins assets.
Key points
- Third-quarter revenue fell 7% to $8,499 million from $9,177 million in the second quarter of 2026.
- LyondellBasell generated $2,199 million of cash from operating activities, invested $842 million in capital projects, returned $672 million through dividends, and repaid €500 million ($577 million) of 0.875% guaranteed notes due 2026 in the first nine months of 2026.
- Intermediates and Derivatives results increased as the Bayport PO/TBA site ran at full rates after a June 2026 restart and global supply disruptions raised gasoline crack spreads and octane values.
- First nine months of 2025 included $1,234 million of impairment charges, including $972 million of goodwill impairments, tied to the European petrochemical and global automotive downturns and a decline in market capitalization.
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 third quarter of 2026 increased compared to the second quarter of 2026, as the second quarter results reflected a $734 million loss on the disposition of select European assets and the associated businesses. In our Olefins & Polyolefins-Americas (“O&P-Americas”) segment, profitability fell driven by lower prices for polymers and olefins products. In our Olefins & Polyolefins-Europe, Asia, International (“O&P-EAI”) segment, polymer prices fell which pressured margins. Volumes in the third quarter were also lower, reflecting the sale of certain European assets in May 2026. …
An excerpt of the text as filed with the SEC, cut for length.
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