LyondellBasell Industries N.V. Q2 2026 Earnings Release

LyondellBasell Industries N.V. reported its financial results for the second quarter of 2026. The company announced a net income of $0.6 billion, or $1.71 per diluted share, with adjusted net income of $1.4 billion, or $4.30 per diluted share, excluding identified items. EBITDA was reported at $1.3 billion, or $2.1 billion excluding identified items. The company completed the divestiture of select European assets, aiming to improve its cost position and align with its strategy. LyondellBasell continued to progress on its Cash Improvement Plan, focusing on cost reductions and lower capital expenditures. The company experienced strengthened market conditions, particularly in its Olefins & Polyolefins segments, driven by global supply disruptions and disciplined commercial execution. The Intermediates and Derivatives segment also saw improved earnings due to higher margins, despite a temporary outage at the Bayport facility. LyondellBasell generated $752 million in cash from operating activities and maintained a balanced capital allocation strategy, investing $270 million in capital expenditures and returning $224 million to shareholders through dividends. The company ended the quarter with $2.6 billion in cash and cash equivalents and $7.1 billion in available liquidity.