Company file · LYB
LyondellBasell
LyondellBasell's revenue fell 9.7% in FY2025, to $30.2B, and it posted a net loss of $738M (FY2024: net income of $1.4B)
Revenue fell 9.7% to $30.2B in FY2025, from $33.4B in FY2024. It posted a net loss of $738M. Olefins and Polyolefins - Europe, Asia & International was the largest segment, at 32% of revenue.
Key facts
LyondellBasell (NYSE: LYB) reported revenue of $30.2B for fiscal 2025, the year ended Dec 31, 2025, down 9.7% from fiscal 2024. Net income was −$738M, compared with $1.4B. In its latest 10-Q, for the quarter ended Sep 30, 2026, revenue was $8.5B, up 10.0% from the same quarter a year earlier, and net income was $758M. The largest piece by segment was Olefins and Polyolefins - Europe, Asia & International, at 32% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 20, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Oct 30, 2026).
Source: 10-K FY2025, filed Feb 20, 2026
Source: 10-Q filed May 1, 2026 · 10-Q filed Jul 31, 2026 · 10-Q filed Oct 30, 2026
How it makes money
By segment in FY2025: Olefins and Polyolefins - Europe, Asia & International (32%), Intermediates and Derivatives (30%), Olefins and Polyolefins - Americas (25%) and Advanced Polymer Solutions (11%), as shares of total revenue. Total revenue was $30.2B.
Source: 10-K FY2025
By product or service, FY2025
Share is of the FY2025 total; the last column is the change from FY2024.
Learn more: Revenue vs. net income · Gross, operating and net margin
What changed last quarter
Comparing Q3 2026 (Jul to Sep 2026) compared with Q3 2025 (Jul to Sep 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q3 2026Q3 2025
Company
A hatched bar is a loss, drawn by its size. The % change isn't shown when either quarter is a loss.
Source: LyondellBasell 10-Q for the quarter ended Sep 30, 2026, filed Oct 30, 2026
By segment
Source: LyondellBasell 10-Q for the quarter ended Sep 30, 2026, filed Oct 30, 2026
The bull case and the bear case
The bull case
- Revenue in the quarter ended Sep 30, 2026 was $8.5B, up 10.0% on a year earlier. 10-Q, quarter ended Sep 30, 2026
- Operating cash flow was $2.3B in FY2025. 10-K, FY2025
The bear case
- Revenue fell 9.7% in FY2025 to $30.2B, from $33.4B a year earlier. 10-K, FY2025
- It reported a net loss of $738M in FY2025. 10-K, FY2025
- Operating cash flow fell 40.8% in FY2025 to $2.3B. 10-K, FY2025
- Total debt rose 16.0% in FY2025 to $12.9B. 10-K, FY2025
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
LyondellBasell is in the specialty chemicals industry, part of the materials sector. The SEC files it under Industrial Organic Chemicals.
LyondellBasell reports 5 segments: Olefins and Polyolefins - Europe, Asia & International, Intermediates and Derivatives, Olefins and Polyolefins - Americas, Advanced Polymer Solutions and Technology.
Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the specialty chemicals industry. They are not a summary of LyondellBasell’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- Commodity pricesPrices of the metals, chemicals or products it sells move revenue and margins.
- Demand cyclesCustomers in construction, manufacturing and autos buy less in downturns.
- Energy and input costsEnergy, raw material and freight costs can rise faster than prices.
- Regulation and environmentEnvironmental and safety rules can raise costs or limit operations.
- TradeTariffs and trade policy can shift demand and competition.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
| US$ | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | $33.3B | $33.4B | $30.2B |
| Net income | $2.1B | $1.4B | −$738M |
| Operating cash flow | $4.9B | $3.8B | $2.3B |
| Cash & equivalents (year end) | $3.4B | $3.4B | $3.4B |
| Total debt (year end) | $11.2B | $11.1B | $12.9B |
- Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
- Net income: Net income including the share that belongs to minority owners of subsidiaries.
- Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
- Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
- Total debt: Short-term borrowings and the current part of long-term debt and lease obligations plus long-term debt, at carrying value.
Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator
Explainers for this page
- Segment reporting
- Net debt and net cash
- Debt-to-equity ratio
- The cash flow statement
- Risk factors (Item 1A)
- Goodwill and goodwill impairment
- One-time items: impairments, restructuring and gains
Plain-English guides to terms this file uses, with real numbers from filings.
About these numbers
- Net income here includes the share that belongs to minority owners of subsidiaries, the figure the company's tagged data carries for the whole business.
What we left out
- Diluted shares: the company's filing data doesn't carry them for all the years shown, so they aren't shown.
Recent filings
| Form | Filed | Period |
|---|---|---|
| 10-Q | Oct 30, 2026 | Sep 30, 2026 |
| 10-Q | Jul 31, 2026 | Jun 30, 2026 |
| 10-Q | May 1, 2026 | Mar 31, 2026 |
| DEF 14A | Apr 10, 2026 | May 22, 2026 |
| 10-K | Feb 20, 2026 | Dec 31, 2025 |
Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters
Common questions about LyondellBasell
How does LyondellBasell make money?
LyondellBasell's revenue was $30.2B in fiscal 2025. By segment in FY2025: Olefins and Polyolefins - Europe, Asia & International (32%), Intermediates and Derivatives (30%), Olefins and Polyolefins - Americas (25%) and Advanced Polymer Solutions (11%), as shares of total revenue. Total revenue was $30.2B. Source: 10-K for fiscal 2025, filed Feb 20, 2026.
What was LyondellBasell's revenue in fiscal 2025?
$30.2B of revenue for the fiscal year ended Dec 31, 2025, down 9.7% from $33.4B in fiscal 2024. Fiscal 2023 was $33.3B. Source: 10-K for fiscal 2025, filed Feb 20, 2026.
Is LyondellBasell profitable?
LyondellBasell reported net income of −$738M for fiscal 2025, compared with $1.4B from $1.4B in fiscal 2024. That is a loss under US accounting rules (GAAP). In the quarter ended Sep 30, 2026, net income was $758M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 20, 2026.
What did LyondellBasell report in its latest quarterly filing?
Revenue was $8.5B in the quarter ended Sep 30, 2026, up 10.0% from $7.7B a year earlier. Net income was $758M, compared with −$890M from −$890M. Source: 10-Q for the quarter ended Sep 30, 2026, filed Oct 30, 2026.
How much cash and debt does LyondellBasell have?
LyondellBasell had $3.2B in cash and cash equivalents and $12.3B of total debt on Sep 30, 2026. Total debt here is short-term borrowings and the current part of long-term debt and lease obligations plus long-term debt, at carrying value. Source: 10-Q filed Oct 30, 2026.
What are the main risks LyondellBasell faces?
LyondellBasell's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 20, 2026. Risks that are common among companies in the specialty chemicals industry include Commodity prices; demand cycles; energy and input costs; regulation and environment; trade. The first: Prices of the metals, chemicals or products it sells move revenue and margins. Source: 10-K, Item 1A Risk Factors.
Where do these LyondellBasell numbers come from?
From LyondellBasell's own SEC filings: the 10-K for fiscal 2025 (filed Feb 20, 2026) and the 10-Q for the quarter ended Sep 30, 2026 (filed Oct 30, 2026), read through the SEC's public XBRL data. Each number on this page links to its filing. Methodology explains how fiscal years and missing numbers are handled.
Tracked funds that report owning LyondellBasell
- Citadel Advisors: 2,430,888 shares, reported value $128.0M at Jun 30, 2026 (+61.6% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
- Two Sigma Investments: 1,609,590 shares, reported value $84.7M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
- Point72 Asset Management: 516,332 shares, reported value $27.2M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
- Millennium Management: 438,634 shares, reported value $23.1M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
- Bridgewater Associates: 152,648 shares, reported value $8.0M at Jun 30, 2026 (+1,815.5% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.
Disclosures
- Editor holdings in LYB
- The editor holds no position in LyondellBasell (LYB). As of Nov 11, 2026.
- Trading rule
- The editor does not buy or sell LYB from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Nov 10, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold LYB, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| LyondellBasellLYB | FY2025 | $30.2B | −9.7% | −$738M |
| EcolabECL | FY2025 | $16.1B | +2.2% | $2.1B |
| Sherwin-WilliamsSHW | FY2025 | $23.6B | +2.1% | $2.6B |
| PPG IndustriesPPG | FY2025 | $15.9B | +0.2% | $1.6B |
| International Flavors & FragrancesIFF | FY2025 | $10.9B | −5.2% | −$359M |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.