LyondellBasell Industries N.V. SEC 10-Q Report

LyondellBasell Industries N.V., a global leader in the chemical industry, has released its Form 10-Q report for the third quarter of 2025. The report provides a comprehensive overview of the company's financial performance and operational highlights, reflecting both the challenges and strategic initiatives undertaken during the quarter.

Financial Highlights

• Sales and other operating revenues: $7,727 million, increased by $69 million or 1% in the third quarter of 2025 compared to the second quarter of 2025, driven by higher sales volumes and favorable foreign exchange impact.
• Cost of sales: $6,821 million, decreased by $50 million or 1% in the third quarter of 2025 compared to the second quarter of 2025, primarily due to lower feedstock and energy costs.
• Operating (loss) income: $(731) million, decreased by $1,016 million or 356% in the third quarter of 2025 compared to the second quarter of 2025, impacted by non-cash impairment charges in the O&P-EAI and APS segments.
• Net (loss) income: $(890) million, decreased compared to the second quarter of 2025, reflecting the impact of impairment charges and lower earnings.
• Net (loss) income attributable to the Company shareholders: $(892) million, reflecting a challenging quarter with significant impairments.
• Basic (loss) earnings per share: $(2.77), reflecting the impact of non-cash impairment charges and lower earnings.
• Diluted (loss) earnings per share: $(2.77), consistent with basic earnings per share due to the net loss position.

Business Highlights

• Revenue Segments: The Olefins and Polyolefins-Americas (O&P-Americas) segment reported sales of $5,842 million for the nine months ended September 30, 2025, with a focus on olefins and co-products, polyethylene, and polypropylene. The Olefins and Polyolefins-Europe, Asia, International (O&P-EAI) segment reported sales of $7,406 million, while the Intermediates and Derivatives (I&D) segment reported $6,830 million, highlighting the diverse product offerings across these segments.
• Geographical Performance: The United States remains a key market, contributing $8,324 million in sales for the nine months ended September 30, 2025. Germany and China also showed significant contributions with $1,762 million and $1,412 million, respectively, indicating strong regional demand.
• Sales Units: The O&P-Americas segment experienced increased olefins margins and higher sales volumes following successful turnarounds at the Channelview, Texas facility. However, polypropylene demand remained weak, impacting overall sales volumes.
• New Production Launches: In September 2025, a two-month turnaround was initiated at the La Porte, Texas acetyls unit, aimed at improving productivity and reliability, indicating ongoing investments in production capabilities.
• Future Outlook: The company anticipates closing the sale of select olefins & polyolefins assets in Europe in the first half of 2026, which is expected to streamline operations and focus on core business areas. Additionally, the company is monitoring macroeconomic trends and adjusting strategies to mitigate impacts from the European petrochemical and global automotive industries downturn.

SEC Filing: LyondellBasell Industries N.V. [ LYB ] - 10-Q - Oct. 31, 2025