LyondellBasell Industries N.V. earnings overview

LYB FY2026 Q1 · Calendar Q2 2026

LyondellBasell Industries N.V.

Q1 2026 was an inflection quarter for LyondellBasell. EBITDA rose roughly 50% to $615 million as the Middle East conflict steepened the global petrochemical cost curve, widening the advantage of LYB's low-cost U.S. ethane feedstock. The company closed its four-asset European divestiture and halved the quarterly dividend to fund balance-sheet repair and high-return growth projects like MoReTec-1. EPS of $0.49 beat consensus by about 75%, though revenue missed by roughly 4%. The stock was essentially flat on the print but has since drifted about 10% lower, reflecting investor tension between the dividend cut and the emerging margin recovery story.