Lyondellbasell Industries N V Stock Price, News & Analysis

LyondellBasell (NYSE: LYB) has announced a quarterly dividend increase of $0.03 per share, bringing the new dividend to $1.37 per share. The dividend will be paid on June 9, 2025, with an ex-dividend and record date of June 2, 2025. This marks the company's 15th consecutive year of dividend increases, demonstrating LYB's commitment to shareholder returns. CEO Peter Vanacker emphasized that this increase reflects the company's confidence in its disciplined capital deployment and value-driven strategy, particularly during challenging market conditions.

LyondellBasell (NYSE: LYB) announced the pricing of a public offering through its subsidiary LYB International Finance III, LLC. The offering consists of $500 million in Guaranteed Notes with a 6.150% interest rate, maturing in 2035. The notes will be fully guaranteed by LyondellBasell, with the offering expected to close on May 15, 2025.

The proceeds will be used for general corporate purposes, including potential repayment of the 1.25% Guaranteed Notes due 2025. BofA Securities and Wells Fargo Securities are serving as joint book-running managers for the offering.

LyondellBasell (NYSE: LYB) reported first quarter 2025 financial results with net income of $177 million ($0.54 per share), or $110 million ($0.33 per share) excluding identified items. The company's EBITDA reached $655 million, with $576 million excluding identified items.

Key financial highlights include:

• Sales revenue of $7,677 million
• Cash used in operations: $579 million
• Returned $543 million to shareholders via dividends and share repurchases
• Maintained $6.5 billion in available liquidity

The company announced a 2025 Cash Improvement Plan targeting $500 million in financial strengthening. Operational highlights include a 12% increase in U.S. polypropylene volumes and improved European polyethylene profitability. The company expects seasonal demand improvements across most businesses in Q2 2025, with planned operating rates of 85% for North American O&P assets, 75% for European O&P assets, and 85% for I&D assets.

LyondellBasell (NYSE: LYB) has released its 2024 Sustainability Report, showcasing major achievements in sustainability and operational excellence. The report, titled 'From Vision to Value,' highlights significant progress in circular and low-carbon solutions.

Key accomplishments include:

• Value Enhancement Program generated $800 million in recurring annual EBITDA and reduced carbon emissions by 310,000 metric tons
• 65% increase in recycled and renewable-based polymers to over 200,000 metric tons
• Construction of first commercial-scale chemical recycling plant (MoReTec-1) in Wesseling, Germany
• Houston refinery shutdown completion, reducing annual Scope 3 emissions by 40 million metric tons
• New power purchase agreements to achieve 50% renewable electricity sourcing by 2030
• Strong safety performance with 70 sites achieving GoalZERO and 72 sites remaining injury-free
• Strategic acquisition of APK AG for Newcycling technology

The company ranked first among plastics producers in BloombergNEF's 2024 circular economy rankings and maintained its AA ESG rating from MSCI.

LyondellBasell (NYSE: LYB) has scheduled its first-quarter 2025 financial results announcement for Friday, April 25, 2025, before U.S. market opening. The company will host a webcast and teleconference at 11 a.m. EDT to discuss the results, led by David Kinney, head of investor relations.

Participants can access the webcast through www.lyondellbasell.com/earnings, with presentation slides available during and after the teleconference. A replay will be accessible from 1 p.m. EDT April 25 until May 27, 2025.

LyondellBasell (LYB) and Covestro have announced the permanent closure of their joint Propylene Oxide Styrene and Monomer (POSM) production unit (PO11) at the Maasvlakte site in the Netherlands. The decision follows mounting challenges including:

• Global overcapacity issues
• Increased imports from Asia
• High European production costs

The facility, operational since 2003, will undergo a safe shutdown process through the end of 2026. This closure aligns with LYB's strategic portfolio review of European assets in their Olefins & Polyolefins and Intermediates & Derivatives business units. The company is currently evaluating alternative ownership options for O&P sites, though no final decisions have been made.

LyondellBasell (LYB) has announced that CEO Peter Vanacker will participate in a fireside chat at the J.P. Morgan 2025 Industrials Conference in New York City. The event is scheduled for Wednesday, March 12, 2025, at 11:15 a.m. EDT.

A live webcast of the presentation will be available on the company's Investor Relations Events page. For those unable to attend, a replay will be accessible at the same link within 24 hours after the event.

LyondellBasell (NYSE: LYB) has announced a significant expansion of its propylene production capacity at the Channelview Complex near Houston. The new metathesis unit will add approximately 400,000 metric tons of annual propylene production capacity, converting ethylene into propylene for use in polypropylene and propylene oxide production.

Construction is scheduled to begin in Q3 2025, with operations expected to commence in late 2028. The project will create 750 construction jobs during peak construction and add 25 permanent positions. The expansion aims to enhance LYB's self-sufficiency, meet growing customer demand, and reduce market volatility exposure to deliver consistent shareholder returns.

The produced materials will serve various essential end-use applications, including food packaging, medical devices, automotive components, aircraft deicing fluid, building insulation, home furnishings, and telecommunications equipment.

LyondellBasell (NYSE: LYB) has announced a quarterly dividend payment of $1.34 per share. The dividend will be distributed to shareholders on March 17, 2025. The ex-dividend date and record date are set for March 10, 2025.