LyondellBasell reported a net loss for the third quarter 2025 of $890 million. During the quarter, the company recognized $1.2 billion of identified items, net of tax. These items, which impacted third-quarter earnings by $3.78 per share, included non-cash asset write-downs, costs incurred for transactions, the Cash Improvement Plan and discontinued operations. Third quarter 2025 EBITDA was $(480) million, or $835 million excluding identified items.

“LYB continues to navigate a challenging market environment while remaining focused on delivering long-term value,” said Peter Vanacker, LyondellBasell chief executive officer. “Our Cash Improvement Plan is on track to achieve our $600 million target in 2025 and a minimum of $1.1 billion by the end of 2026, by reducing fixed costs, managing working capital and optimizing capital investment to strengthen free cash flow. We are prioritizing our investment-grade balance sheet while investing in safe and reliable operations. Our strategy is resilient and we remain confident in our ability to create long-term value for investors.”

LyondellBasell generated $983 million in cash from operating activities with 135% cash conversion during the third quarter. LYB continued to balance capital allocation between capital expenditures of $406 million and $443 million of shareholder returns through dividends. Cash increased and at the end of the quarter, LYB held $1.8 billion in cash and cash equivalents and maintained $6.5 billion in available liquidity.

For the fourth quarter, LyondellBasell expects year-end seasonality and lower operating rates to impact results across most businesses. In North America, higher natural gas and feedstock costs are likely to pressure margins, while weak industrial and consumer demand is expected to persist in Europe.