LyondellBasell Industries N.V. LYB
and 2. Business and Properties.
LyondellBasell Industries N.V. is a global, independent chemical company and was incorporated, as a Naamloze Vennootschap, under Dutch law on October 15, 2009. Unless otherwise indicated, the "Company," "we," "our," "us" and "LyondellBasell" are used in this report to refer to the businesses of LyondellBasell Industries N.V. and its consolidated subsidiaries.
We participate globally across the petrochemical value chain and are an industry leader in many of our product lines. Our chemicals businesses consist primarily of large processing plants that convert large volumes of liquid and gaseous hydrocarbon feedstocks into plastic resins and other chemicals. Our chemical products tend to be basic building blocks for other chemicals and plastics. Our plastic products are used in large volumes as well as smaller specialty applications. Our customers use our plastics and chemicals to manufacture a wide range of products that people use in their everyday lives, including food packaging, home furnishings, automotive components, paints and coatings. We also develop and license chemical and polyolefin process technologies, and manufacture and sell polyolefin catalysts.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.15B | $33.39B | $33.34B | $50.45B | $46.17B | $27.00B | $33.91B | $38.13B | $33.70B | $28.45B |
| Cost of revenue | $27.58B | $28.75B | $28.43B | $43.85B | $37.40B | $24.36B | $29.30B | $32.53B | $28.06B | $23.19B |
| Gross profit | $2.58B | $4.64B | $4.90B | $6.60B | $8.78B | $2.64B | $4.61B | $5.60B | $5.65B | $5.26B |
| R&D | $136.0M | $135.0M | $130.0M | $124.0M | $124.0M | $113.0M | $111.0M | $115.0M | $106.0M | $99.0M |
| SG&A | $1.61B | $1.64B | $1.54B | $1.31B | $1.25B | $1.14B | $1.20B | $1.13B | $859.0M | $833.0M |
| Total operating expenses | $30.57B | $31.48B | $30.61B | $45.35B | $39.40B | $26.19B | $30.61B | $33.77B | $29.02B | $24.12B |
| Operating income | -$420.0M | $1.92B | $2.73B | $5.10B | $6.77B | $1.56B | $4.12B | $5.23B | $5.46B | $5.06B |
| Interest expense | $487.0M | $481.0M | $477.0M | $287.0M | $519.0M | $526.0M | $347.0M | $360.0M | $491.0M | $322.0M |
| Pre-tax income | -$715.0M | $1.70B | $2.30B | $4.78B | $6.79B | $1.39B | $4.05B | $5.31B | $5.49B | $5.23B |
| Income tax | $70.0M | $259.0M | $433.0M | $882.0M | $1.16B | $43.0M | $648.0M | $613.0M | $598.0M | $1.39B |
| Net income | -$738.0M | $1.37B | $2.12B | $3.89B | $5.62B | $1.43B | $3.40B | $4.69B | $4.88B | $3.84B |
| EPS, basic | -2.34 | 4.16 | 6.48 | 11.84 | 16.77 | 4.24 | 9.59 | 12.04 | 12.23 | 9.15 |
| EPS, diluted | -2.34 | 4.15 | 6.46 | 11.81 | 16.75 | 4.24 | 9.58 | 12.01 | 12.23 | 9.13 |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.44B | $3.38B | $3.40B | $2.16B | $1.48B | $1.76B | $888.0M | $401.0M | $1.53B | $878.0M |
| Short-term investments | $2.03B | $2.61B | $2.43B | $1.19B | $9.0M | $702.0M | $196.0M | $892.0M | $1.31B | $1.15B |
| Receivables | — | — | — | $3.39B | $4.57B | $3.29B | $2.98B | $3.35B | $3.36B | $2.72B |
| Inventory | $3.53B | $4.66B | $4.76B | $4.80B | $4.90B | $4.34B | $4.59B | $4.51B | $4.22B | $3.81B |
| Total current assets | $10.87B | $12.27B | $13.15B | $11.85B | $12.22B | $11.63B | $9.51B | $10.57B | $11.74B | $9.60B |
| Property, plant and equipment | $15.83B | $15.07B | $15.55B | $15.39B | $14.56B | $14.39B | $14.13B | $12.48B | $11.00B | $10.14B |
| Goodwill | $708.0M | $1.56B | $1.65B | $1.83B | $1.88B | $1.95B | $1.89B | $1.81B | $570.0M | $528.0M |
| Other intangibles | $450.0M | $577.0M | $641.0M | $662.0M | $695.0M | $751.0M | $869.0M | $965.0M | $568.0M | $550.0M |
| Total assets | $34.00B | $35.75B | $37.00B | $36.37B | $36.74B | $35.40B | $30.43B | $28.28B | $26.21B | $23.44B |
| Short-term debt | $226.0M | $119.0M | $117.0M | $349.0M | $362.0M | $663.0M | $445.0M | $885.0M | $68.0M | $594.0M |
| Total current liabilities | $6.13B | $6.71B | $7.15B | $6.76B | $7.23B | $5.50B | $5.20B | $5.51B | $4.78B | $4.54B |
| Retained earnings | $6.81B | $9.32B | $9.69B | $9.20B | $8.56B | $4.44B | $4.43B | $6.76B | $15.75B | $12.28B |
| Total equity | $10.08B | $12.46B | $12.93B | $12.62B | $11.86B | $7.97B | $8.04B | $10.26B | $8.95B | $6.05B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.26B | $3.82B | $4.94B | $6.12B | $7.70B | $3.40B | $4.96B | $5.47B | $5.21B | $5.61B |
| Depreciation and amortisation | $1.39B | $1.52B | $1.53B | $1.27B | $1.39B | $1.39B | $1.31B | $1.24B | $1.17B | $1.06B |
| Stock-based compensation | $91.0M | $91.0M | $91.0M | $70.0M | $66.0M | $55.0M | $48.0M | $39.0M | $55.0M | $38.0M |
| Capital expenditure | $1.88B | $1.84B | $1.53B | $1.89B | $1.96B | $1.95B | $2.69B | $2.10B | $1.55B | $2.24B |
| Investing cash flow | -$1.78B | -$1.85B | -$1.78B | -$1.98B | -$1.50B | -$4.91B | -$1.64B | -$3.56B | -$1.76B | -$2.30B |
| Financing cash flow | -$507.0M | -$1.90B | -$1.95B | -$3.41B | -$6.38B | $2.27B | -$2.83B | -$3.01B | -$2.86B | -$3.35B |
| Dividends paid | $1.76B | $1.72B | $1.61B | $3.25B | $1.49B | $1.41B | $1.46B | $1.55B | $1.42B | $1.40B |
| Buybacks | $201.0M | $195.0M | $211.0M | $420.0M | $463.0M | $4.0M | $3.75B | $1.85B | $866.0M | $2.94B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001308179-26-000250.
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| IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | $22.03B | — | -5.2% |
| WLK | WESTLAKE CORP | $9.56B | — | -8.0% |
| NEU | NEWMARKET CORP | $8.14B | 19.9x | -2.2% |
| SXT | SENSIENT TECHNOLOGIES CORP | $5.74B | 42.7x | 3.5% |
| REX | REX AMERICAN RESOURCES Corp | $1.38B | 16.6x | 1.2% |
| GPRE | Green Plains Inc. | $1.08B | — | 16.0% |
| WLKP | Westlake Chemical Partners LP | $771.2M | — | 2.7% |
| GEVO | Gevo, Inc. | $405.5M | — | 849.3% |