LyondellBasell Industries N.V. Q1 2026 Earnings and Asset Sale

LyondellBasell Industries N.V. reported first quarter 2026 results, with net income at $125 million ($0.38 per diluted share), or $163 million ($0.49 per diluted share) excluding identified items. EBITDA was $568 million, or $615 million excluding identified items. The company experienced a significant increase in EBITDA for the Olefins and Polyolefins - Americas segment due to favorable feedstock costs and pricing. The Olefins and Polyolefins - Europe, Asia, International segment saw improved EBITDA driven by higher margins and volumes, despite some feedstock cost increases. The Intermediates and Derivatives segment also showed improved EBITDA, primarily due to stronger pricing and demand in propylene oxide and derivatives, and improved styrene margins. The Advanced Polymer Solutions segment reported higher EBITDA driven by increased volumes. The Technology segment experienced a decrease in EBITDA due to lower licensing revenue. LyondellBasell also announced the completion of the sale of select European olefins and polyolefins assets to AEQUITA. The company ended the quarter with $2.6 billion in cash and cash equivalents and maintained $7.3 billion in available liquidity. Looking ahead, LyondellBasell anticipates sequential improvement in the second quarter across most businesses due to tighter supply dynamics and favorable pricing trends stemming from the Middle East conflict.