LyondellBasell reports Q2 net income of $559M on margin expansion from supply disruptions

Filed July 31, 2026 · Period ending July 31, 2026 · ~2 min read

Key Changes

• high

  Q2 2026 net income of $559M ($1.71/share) on revenue of $9.2B; excluding $842M in charges (primarily European asset sale loss and impairment), net income was $1.4B ($4.30/share). EBITDA rose to $1.3B from $568M in Q1 on stronger margins from Middle East conflict-driven supply constraints.

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• high

  Completed divestiture of four European olefins and polyolefins assets in May 2026, recognizing a $734M pre-tax loss. Transaction included a $310M cash contribution from LyondellBasell at closing. Management says the sale strengthens the portfolio by improving cost position and increasing advantaged-feedstock exposure.

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• medium

  Recognized $74M impairment charge on a plastic waste sorting facility in Houston, Texas, within the Olefins & Polyolefins – Americas segment during Q2 2026.

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