Logo

LYB

LyondellBasell Industries N.V.

LYB

LyondellBasell Industries N.V. • NYSE
$49.00 ▲ 1.20% (+0.58)
Market Cap $15.77 B
52w High $83.46
52w Low $41.58
Dividend Yield 5.42%
P/E -12.16
Volume 3.29M
Outstanding Shares 321.87M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $7.727B ▲ $1.637B ▲ $-892M ▼ -11.544% ▼ $1.75 ▲ $-368M ▼
Q2-2025 $7.658B ▼ $470M ▲ $114M ▼ 1.489% ▼ $0.34 ▼ $719M ▲
Q1-2025 $7.677B ▼ $435M ▼ $175M ▲ 2.28% ▲ $0.53 ▲ $489M ▲
Q4-2024 $9.497B ▼ $1.409B ▲ $-598M ▼ -6.297% ▼ $-1.88 ▼ $-373M ▼
Q3-2024 $10.322B $440M $570M 5.522% $1.76 $1.21B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.586B ▲ $33.787B ▼ $23.063B ▼ $10.599B ▼
Q2-2025 $1.7B ▼ $35.352B ▲ $23.317B ▲ $11.909B ▼
Q1-2025 $1.867B ▼ $35.189B ▼ $22.854B ▼ $12.209B ▼
Q4-2024 $3.375B ▲ $35.746B ▼ $23.158B ▼ $12.462B ▼
Q3-2024 $2.621B $37.263B $23.421B $13.716B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-830M ▼ $983M ▲ $-439M ▲ $-448M ▼ $97M ▲ $577M ▲
Q2-2025 $115M ▼ $351M ▲ $-504M ▼ $-51M ▲ $-166M ▲ $-188M ▲
Q1-2025 $177M ▲ $-579M ▼ $-430M ▲ $-547M ▼ $-1.518B ▼ $-1.062B ▼
Q4-2024 $-603M ▼ $1.915B ▲ $-547M ▼ $-518M ▼ $753M ▲ $1.411B ▲
Q3-2024 $571M $670M $-483M $-484M $-229M $302M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Compounding and solutions
Compounding and solutions
 $820.00M ▲$900.00M ▲$910.00M ▲$870.00M ▼
Intermediates and Derivatives
Intermediates and Derivatives
 $570.00M ▲$540.00M ▼$510.00M ▼$490.00M ▼
Olefins And Co Products
Olefins And Co Products
 $940.00M ▲$1.07Bn ▲$930.00M ▼$1.13Bn ▲
Oxyfuels And Related Products
Oxyfuels And Related Products
 $1.16Bn ▲$1.13Bn ▼$1.15Bn ▲$1.28Bn ▲
Polyethylene
Polyethylene
 $1.79Bn ▲$1.78Bn ▼$1.88Bn ▲$1.87Bn ▼
Polypropylene
Polypropylene
 $1.50Bn ▲$1.54Bn ▲$1.56Bn ▲$1.46Bn ▼
Refined Products
Refined Products
 $1.96Bn ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement LyondellBasell remains solidly profitable, but earnings are well below the boom levels seen a few years ago. Sales have slipped from their recent peak as industry conditions softened and pricing power weakened. Profit margins have narrowed as well, reflecting more typical mid‑cycle economics rather than the very strong environment of 2021–2022. Even so, the company continues to generate meaningful profits each year, showing resilience in a cyclical, commodity‑linked business.

Balance Sheet

Balance Sheet The balance sheet looks generally sturdy and better positioned than a few years ago. Total assets are fairly stable, while debt has been trimmed from prior highs and now sits at a more manageable level. Equity has built up steadily, signaling that the company has retained earnings and strengthened its capital base over time. Cash on hand is reasonable and comfortably above pre‑pandemic levels, supporting flexibility without appearing excessive. Overall, leverage appears moderate for a large chemical producer.

Cash Flow

Cash Flow Cash generation is a bright spot. Operating cash flow has consistently exceeded investment spending, leaving the company with positive free cash flow every year in the past five years, even when profits dipped. Capital spending has been steady and disciplined rather than aggressive, suggesting a focus on maintaining and selectively upgrading assets rather than chasing risky expansion. This pattern supports ongoing shareholder returns and balance sheet strength while still funding strategic projects.

Competitive Edge

Competitive Edge LyondellBasell holds a credible but not unassailable edge in a tough, global industry. Its scale, cost‑advantaged U.S. Gulf Coast footprint, and deep integration from basic chemicals to specialty polymers help it weather down cycles better than smaller rivals. A unique strength is its role as the leading licensor of polyolefin technologies, which brings relatively stable, high‑margin licensing income and entrenches its processes across the industry. Still, it operates in a cyclical, highly competitive market where profits are heavily influenced by feedstock prices, global capacity additions, and economic growth, so its moat is best described as narrow but durable rather than wide.

Innovation and R&D

Innovation and R&D The company is leaning hard into innovation, especially around sustainability and higher‑value polymers. Its long‑standing leadership in polypropylene and polyethylene process technologies, catalysts, and specialized resins gives it technical credibility and supports premium products. Newer efforts center on circularity: advanced recycling via its MoReTec technology and the Circulen product family aimed at recycled and renewable‑based plastics. If successfully scaled, these platforms could deepen customer relationships, capture better margins, and align with tightening environmental rules—but execution risk and the pace of customer adoption remain important uncertainties.

Summary

LyondellBasell today looks like a mature, cash‑generative chemical leader adapting to a changing world. Financially, it has moved from peak‑cycle earnings toward more normal profitability while steadily strengthening its balance sheet and sustaining robust free cash flow. Competitively, it combines scale, technology leadership, and cost advantages with exposure to the inherent swings of the chemical cycle. Strategically, its push into advanced recycling, sustainable polymers, and specialized materials is an attempt to evolve from a largely commodity producer into a more differentiated, circular‑economy player. How well it manages that shift—while maintaining cost discipline and navigating industry cycles—will be central to its long‑term performance.

NEWS

November 25, 2025 · 6:30 AM UTC

LyondellBasell to address 2025 Goldman Sachs Industrials and Materials Conference

Read more

November 21, 2025 · 6:30 AM UTC

LyondellBasell announces quarterly dividend

Read more

November 10, 2025 · 5:20 PM UTC

LyondellBasell prices public offering of guaranteed notes

Read more

October 31, 2025 · 6:30 AM UTC

LyondellBasell reports third quarter 2025 earnings

Read more

October 6, 2025 · 6:30 AM UTC

LYB to discuss third-quarter results Friday, Oct. 31, 2025

Read more