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
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Other
- Germany
- China
- Mexico
- Italy
- Japan
- France
- Poland
- The Netherlands
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $11.06B | $12.59B | $12.39B |
| Other | $8.29B | $8.82B | $8.82B |
| Germany | $2.20B | $2.41B | $2.55B |
| China | $1.78B | $2.38B | $2.16B |
| Mexico | $1.56B | $1.73B | $1.50B |
| Italy | $1.32B | $1.42B | $1.36B |
| Japan | $1.26B | $1.34B | $1.75B |
| France | $1.16B | $1.07B | $1.09B |
| Poland | $790.0M | $923.0M | $905.0M |
| The Netherlands | $731.0M | $724.0M | $805.0M |
As the company reported it, from the “Revenues - Geographic location (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.45B | $33.70B | $38.13B | $33.91B | $27.00B | $46.17B | $50.45B | $33.34B | $33.39B | $30.15B |
| Gross profit | $5.26B | $5.65B | $5.60B | $4.61B | $2.64B | $8.78B | $6.60B | $4.90B | $4.64B | $2.58B |
| Net income | $3.84B | $4.88B | $4.69B | $3.40B | $1.43B | $5.62B | $3.89B | $2.12B | $1.37B | -$738.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Other event Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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