LyondellBasell recalibrates quarterly dividend

Core Viewpoint - LyondellBasell has announced a reduction in its quarterly dividend to $0.69 per share, reflecting a $0.68 decrease from the previous quarter, as part of a strategy to better position the company during ongoing market challenges [1][2]. Group 1: Dividend Announcement - The board of directors declared a quarterly dividend of $0.69 per share, which is a reduction from the fourth quarter 2025 dividend [1] - The dividend payment is scheduled for March 9, 2026, with an ex-dividend and record date of March 2, 2026 [1]. Group 2: Financial Strategy and Market Position - In 2025, LyondellBasell returned approximately $2 billion to shareholders from existing cash and operations despite a prolonged industry downturn [2] - The company aims to prioritize safety and reliability in 2026 while implementing cost reductions and seeking new opportunities to enhance profitability [2] - LyondellBasell remains committed to returning 70% of free cash flow to shareholders throughout the business cycle [2]. Group 3: Company Overview - LyondellBasell is a leader in the global chemical industry, focusing on creating sustainable solutions and enabling a circular and low carbon economy [3] - The company is one of the largest producers of polymers and a leader in polyolefin technologies, developing high-quality products for various applications [3].