LyondellBasell Hikes Quarterly Dividend for 15 Consecutive Years

Core Viewpoint - LyondellBasell Industries N.V. (LYB) has announced a quarterly dividend increase, marking its 15th consecutive year of dividend growth, reflecting a commitment to shareholder value and disciplined capital allocation [1][2]. Financial Performance - In the first quarter, LYB exceeded its long-term cash conversion target, investing $483 million in capital expenditures and returning $543 million to shareholders through dividends and stock buybacks [3]. - LYB's stock has declined by 43.2% over the past year, compared to a 29.6% decline in the industry [3]. Market Outlook - For the second quarter, LYB anticipates improved seasonal demand across most business segments, with easing U.S. natural gas and ethane feedstock prices and lower crude oil costs benefiting operations in Europe and Asia [4]. - Oxyfuels margins are expected to rise due to widening gasoline crack spreads during the summer driving season [4]. - In Europe, rapid capacity reductions are projected to improve the regional supply-demand balance, supported by a more constructive economic and regulatory environment [5]. - Global demand for packaging is expected to remain firm, benefiting essential sectors such as food, healthcare, and daily consumer goods [5].