LyondellBasell Industries N.V. announced financial results for the quarter ended September 30, 2026, reporting net income of $758 million, or $2.32 per diluted share. The company reported sales and other operating revenues of $8.499 billion for the third quarter. Adjusted for identified items, which included closure costs for a European propylene oxide joint venture, net income was $828 million, or $2.54 per diluted share.
For the first nine months of 2026, the company reported net income of $1.442 billion, or $4.42 per diluted share, compared to a net loss of $598 million, or $1.89 per diluted share, for the same period in 2025. EBITDA for the third quarter was $1.4 billion, or $1.5 billion excluding identified items.
During the quarter, LyondellBasell increased cash by approximately $600 million, including a planned repayment of €500 million in debt. The company generated $1.7 billion in cash from operating activities and held $3.2 billion in cash and cash equivalents, with $7.7 billion in total available liquidity. Capital expenditures were $303 million, and the company returned $224 million to shareholders through dividends.
In a separate transaction disclosed on October 29, 2026, LyondellBasell entered into an agreement to sell its wholly owned subsidiary, Houston Refining, L.P., to a subsidiary of Valero Energy Corporation. The purchase price is $320.5 million, and the sale is expected to close in the fourth quarter of 2026, subject to regulatory approvals.
The company stated that integrated polyethylene margins ended the third quarter at approximately 50% above 2025 levels. Intermediates and Derivatives profitability was materially higher, largely driven by oxyfuels, which benefited from global supply disruptions and favorable gasoline blend economics. The company completed a planned turnaround at Clinton on time and under budget.
Looking ahead, LyondellBasell expects fourth quarter operating rates of 85% for North American Olefins and Polyolefins assets, 60% for European Olefins and Polyolefins assets, and 75% for Intermediates and Derivatives assets. The company noted that polyethylene domestic and export demand remains strong, while oxyfuels margins and demand remain high.
