Financial Data and Key Metrics Changes - Earnings per share for Q2 2025 were $0.62, with EBITDA reported at $715 million, showing sequential improvement due to less downtime and lower feedstock costs [14][21] - Cash returns to shareholders exceeded $500 million, with an increase in ordinary dividends and continued share repurchases [14][20] - The company is targeting approximately $200 million in reductions in working capital for 2025, alongside fixed cost reductions of $200 million [11][12] Business Line Data and Key Metrics Changes - The Olefins and Polyolefins Americas segment generated EBITDA of $318 million, a more than 25% improvement from Q1, attributed to higher integrated polyethylene margins and less downtime [22] - The Intermediates and Derivatives segment reported EBITDA of $290 million, an increase of $79 million, driven by improved margins for styrene and propylene oxide [27] - The Advanced Polymer Solutions segment maintained EBITDA at $40 million, despite challenges in automotive markets and a slight decline in volumes [30] Market Data and Key Metrics Changes - North American polyethylene industry saw domestic sales rebound to the highest volumes since 2022, with producer inventories declining by three days of sales during Q2 [23][35] - In Europe, lower naphtha and LPG feedstock costs improved margins, while capacity rationalizations are enhancing supply-demand balances [25][36] - In Asia, near-term capacity additions are pressuring regional supply-demand balances, but there is cautious optimism regarding China's stimulus programs [36] Company Strategy and Development Direction - The company is focusing on growing and upgrading core businesses, with a strategic emphasis on low-cost feedstocks in North America and the Middle East, and increasing access to circular and renewable feedstocks in Europe [6][8] - The planned sale of European assets is expected to reduce recurring CapEx and other costs, aligning with the strategy to optimize the portfolio [41] - The company is delaying selected growth investments until market conditions improve, preserving options for profitable growth [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current cycle, emphasizing a disciplined approach to capital allocation and cash management [55][39] - The company anticipates improved cash flow generation in the second half of 2025, with a target of achieving 80% cash conversion for the full year [68] - There is cautious optimism regarding potential price increases in polyethylene due to improved domestic demand and low global inventories [48][72] Other Important Information - The company is on track to achieve a run rate of $600 million in incremental cash flow for 2025, exceeding the original target of $500 million [12][38] - The construction of the Muretic One chemical recycling plant in Germany is progressing well, aimed at meeting the demand for circular plastics [9][17] - The company is closely monitoring evolving tariffs and global trade flows, evaluating risks and opportunities presented by these dynamics [38] Q&A Session Summary Question: Sequential lift in O and P Americas and potential price increases - Management expects an $85 million improvement in Q3 due to less downtime and improved olefins margins, with potential for price increases if tariff uncertainties are resolved [44][45][48] Question: Safety of dividends amid cash flow challenges - The company confirmed the Q3 dividend of $1.37 per share, emphasizing strong liquidity and a commitment to maintaining dividends while managing cash flow [51][54] Question: Clarification on 2026 CapEx forecast - The 2026 CapEx forecast of $1.4 billion does not include the potential benefit from the European asset sale, which will be realized post-transaction [57][60] Question: Expectations for cash flow generation in 2025 - Management anticipates improved cash flow generation in the second half of 2025, with a target of $3 billion in EBITDA, driven by disciplined working capital management [64][68] Question: Dynamics in the Intermediates and Derivatives segment - The segment is expected to remain relatively flat in Q3, with no material improvements anticipated due to market conditions and scheduled turnarounds [78][82]

Financial Performance & Strategy - The company's Cash Improvement Plan is on track to achieve $600 million of incremental cash flow for 2025[24, 31, 36, 71] - The company is targeting $200 million in trade working capital reductions and $200 million in fixed cost reductions by the end of 2025[24] - 2025 CAPEX guidance revised down $200 million from $1.9 billion to $1.7 billion, and 2026 CAPEX is expected to be $1.4 billion[24] - The company returned over $500 million to shareholders through dividends and share repurchases during 2Q25[26, 36] - The company has $1.7 billion in cash and cash equivalents as part of $6.4 billion of available liquidity as of June 30, 2025[36] Portfolio Optimization - The company announced the planned sale of four European O&P assets[10, 13, 36, 51, 52, 71] - Portfolio optimization improves the company's cost advantage, positioning it well to serve markets from its cost-advantaged asset base in North America and the Middle East[14] - The company is rebalancing its global footprint toward cost-advantaged regions[71] Market Dynamics & Outlook - US/Canada domestic polyethylene sales grew 3.5% vs 1Q25[49] - The company is targeting approximately 85% operating rates in 3Q25 for O&P Americas and approximately 75% for O&P EAI[49, 52] - The company's 2Q25 last twelve months (LTM) cash conversion was 75%[40]

Core Insights - LyondellBasell Industries N.V. (LYB) reported a significant decline in profit for Q2 2025, with earnings of $115 million or 34 cents per share, down 87.5% from $924 million or $2.82 per share a year ago [1] - Adjusted earnings were 62 cents, reflecting a 71.8% decrease from the previous year's figure of $2.20, and missed the Zacks Consensus Estimate of 87 cents [1][9] - Despite a drop in revenue across all segments, net sales of $7,658 million exceeded the Zacks Consensus Estimate of $7,405.6 million, but fell 11.7% from $8,678 million in the prior-year quarter [2] Segment Performance - The Olefins & Polyolefins — Americas segment saw revenues decline by 18.8% to $2,377 million, missing the consensus estimate of $2,731.5 million [3] - Olefins & Polyolefins — Europe, Asia, and international segment revenues decreased by 4.8% year over year to $2,704 million, surpassing the consensus estimate of $2,600 million [3] - In the Intermediates and Derivatives segment, sales were $2,275 million, down 18.6% year over year, missing the consensus estimate of $2,321.5 million [4] - Advanced Polymer Solutions revenues fell by 3.3% year over year to $917 million, also missing the consensus estimate of $926 million [4] - The Technology segment's revenues decreased by 13.8% to $137 million, lagging behind the consensus estimate of $145 million [4] Financial Overview - LYB generated $351 million in cash from operating activities during the quarter, with capital spending of $539 million and $536 million distributed to shareholders through dividends and share buybacks [5] - At the end of the quarter, LYB had $1.7 billion in cash and cash equivalents, along with $6.4 billion in total available liquidity [5] Future Outlook - For Q3, LyondellBasell expects improved North American integrated polyethylene margins due to completed maintenance and strong domestic demand, while European demand and favorable feedstock costs are anticipated to persist [6] - The company plans to operate its North American olefins and polyolefins assets at 85% capacity, European facilities at 75%, and Intermediates & Derivatives assets at 80% [7] - LYB is monitoring potential risks and opportunities related to shifting tariffs and global trade patterns [7] Stock Performance - Shares of LyondellBasell have decreased by 41% over the past year, compared to a 26.6% decline in the industry [10]

Group 1 - LyondellBasell reported $7.66 billion in revenue for Q2 2025, a year-over-year decline of 27.5% and an EPS of $0.62 compared to $2.24 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $7.41 billion by 3.41%, while the EPS fell short of the consensus estimate of $0.87 by 28.74% [1] - The company's stock has returned -6.6% over the past month, underperforming the Zacks S&P 500 composite's +2.3% change, and currently holds a Zacks Rank 5 (Strong Sell) [3] Group 2 - Key EBITDA metrics for LyondellBasell include: - Technology: $33 million vs. $67.58 million estimated - Advanced Polymer Solutions: $32 million vs. $31.88 million estimated - Intermediates & Derivatives: $286 million vs. $253.36 million estimated - Olefins & Polyolefins- Americas: $313 million vs. $323.25 million estimated - Olefins & Polyolefins- Europe, Asia, International: $2 million vs. $45.75 million estimated - Other: $-13 million vs. $-5 million estimated [4]

分组1 - LyondellBasell reported quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.87 per share, and down from $2.24 per share a year ago, representing an earnings surprise of -28.74% [1] - The company posted revenues of $7.66 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.41%, but down from $10.56 billion year-over-year [2] - LyondellBasell shares have declined approximately 22% since the beginning of the year, contrasting with the S&P 500's gain of 7.8% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $1.16 on revenues of $7.34 billion, and for the current fiscal year, it is $3.50 on revenues of $29.79 billion [7] - The Zacks Industry Rank for Chemical - Diversified is currently in the bottom 5% of over 250 Zacks industries, indicating a challenging environment for the sector [8] - The estimate revisions trend for LyondellBasell was unfavorable ahead of the earnings release, resulting in a Zacks Rank 5 (Strong Sell) for the stock [6]

[Q2 2025 Earnings Overview](index=1&type=section&id=Q2%202025%20Earnings%20Overview) LyondellBasell reported Q2 2025 net income of $115 million and EBITDA of $606 million, with $351 million cash from operations and $536 million returned to shareholders [1.1 Key Financial Highlights](index=1&type=section&id=1.1%20Key%20Financial%20Highlights) The company reported Q2 2025 net income of $115 million and EBITDA of $606 million, alongside significant cash generation and shareholder returns **Q2 2025 Earnings Summary (Millions of U.S. dollars, except share data):** | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Sales and other operating revenues | $7,658 | $7,677 | $8,678 | | Net income | $115 | $177 | $924 | | Diluted earnings per share | $0.34 | $0.54 | $2.82 | | Net income excluding identified items | $202 | $110 | $724 | | Diluted earnings per share excluding identified items | $0.62 | $0.33 | $2.20 | | EBITDA | $606 | $655 | $1,643 | | EBITDA excluding identified items | $715 | $576 | $1,330 | - Cash from operating activities: **$351 million**[4](index=4&type=chunk) - Returned **$536 million** to shareholders through dividends and share repurchases[4](index=4&type=chunk) [1.2 CEO's Perspective](index=2&type=section&id=1.2%20CEO's%20Perspective) CEO Peter Vanacker emphasized strategic progress, disciplined capital allocation, and an expanded Cash Improvement Plan, expressing cautious optimism for polyolefins and policy developments - Advancing a three-pillar strategy with disciplined capital allocation to extend competitive advantage[5](index=5&type=chunk) - Expanding the Cash Improvement Plan to navigate a prolonged cyclical downturn[5](index=5&type=chunk) - Encouraged by recent improvements in pricing and demand for polyolefins, and cautiously optimistic about policy developments addressing excess capacity in China and revitalizing the European chemical industry[5](index=5&type=chunk) [Detailed Second Quarter 2025 Performance](index=2&type=section&id=Detailed%20Second%20Quarter%202025%20Performance) This section provides a detailed analysis of LyondellBasell's Q2 2025 financial results, operational performance by segment, and cash flow activities [2.1 Consolidated Financial Results](index=2&type=section&id=2.1%20Consolidated%20Financial%20Results) Q2 2025 consolidated financial results were significantly impacted by $87 million in identified items, reducing diluted EPS by $0.28 - Identified items of **$87 million**, net of tax, impacted Q2 2025 earnings by **$0.28 per diluted share**[6](index=6&type=chunk) - Identified items related to asset write-downs, transaction costs, Cash Improvement Plan, and discontinued operations[6](index=6&type=chunk) [2.1.1 Net Income and EPS](index=2&type=section&id=2.1.1%20Net%20Income%20and%20EPS) Q2 2025 net income was $115 million ($0.34 diluted EPS), increasing to $202 million ($0.62 diluted EPS) excluding identified items **Q2 2025 Net Income and Diluted EPS (Millions of U.S. dollars, except share data):** | Metric | Q2 2025 | | :--- | :--- | | Net income | $115 | | Diluted earnings per share | $0.34 | | Net income excluding identified items | $202 | | Diluted earnings per share excluding identified items | $0.62 | [2.1.2 EBITDA](index=2&type=section&id=2.1.2%20EBITDA) Q2 2025 EBITDA was $606 million, rising to $715 million when excluding identified items **Q2 2025 EBITDA (Millions of U.S. dollars):** | Metric | Q2 2025 | | :--- | :--- | | EBITDA | $606 | | EBITDA excluding identified items | $715 | [2.2 Operational Performance by Segment](index=2&type=section&id=2.2%20Operational%20Performance%20by%20Segment) Operational performance improved in North America and Europe due to demand and cost factors, while Intermediate Chemicals saw mixed results [2.2.1 North America O&P](index=2&type=section&id=2.2.1%20North%20America%20O%26P) North American O&P experienced improved polyethylene volumes and margins from successful turnarounds and stronger seasonal demand, with Q3 profitability expected to benefit from price increases - Successful completion of turnarounds at Channelview complex led to higher operating rates and sequential improvement in integrated polyethylene volumes and margins[7](index=7&type=chunk) - Domestic demand for polyethylene and polypropylene was seasonally stronger, supported by consumer packaging, healthcare, building & construction, and infrastructure markets[7](index=7&type=chunk) - June increase in polyethylene contract prices provides momentum for third quarter profitability[7](index=7&type=chunk) [2.2.2 Europe O&P](index=2&type=section&id=2.2.2%20Europe%20O%26P) Europe O&P saw improved integrated polyethylene margins due to lower feedstock costs and increased seasonal polyolefins demand - Lower feedstock costs helped improve integrated polyethylene margins[7](index=7&type=chunk) - Polyolefins volumes benefited from increased seasonal demand[7](index=7&type=chunk) [2.2.3 Intermediate Chemicals](index=2&type=section&id=2.2.3%20Intermediate%20Chemicals) Intermediate Chemicals profitability improved from stronger styrene margins but saw a decline in oxyfuels margins due to lower crude oil prices - Intermediate Chemicals profitability improved with stronger styrene margins due to lower benzene costs and price support from industry outages[8](index=8&type=chunk) - Oxyfuels margins fell as lower crude oil prices limited typical seasonal uplift[8](index=8&type=chunk) [2.3 Cash Flow, Capital Allocation, and Liquidity](index=2&type=section&id=2.3%20Cash%20Flow,%20Capital%20Allocation,%20and%20Liquidity) LyondellBasell generated $351 million in operating cash flow, invested $539 million in capital expenditures, returned $536 million to shareholders, and maintained $6.4 billion in liquidity **Q2 2025 Cash Flow and Capital Allocation (Millions of U.S. dollars):** | Metric | Q2 2025 | | :--- | :--- | | Cash from operating activities | $351 | | Capital expenditures | $539 | | Returned to shareholders (dividends & share repurchases) | $536 | - Maintained **$1.7 billion** in cash and cash equivalents and **$6.4 billion** in available liquidity at quarter-end[9](index=9&type=chunk) [Strategic Direction and Future Outlook](index=2&type=section&id=Strategic%20Direction%20and%20Future%20Outlook) This section outlines LyondellBasell's strategic initiatives, including asset optimization and capital preservation, and provides the outlook for Q3 2025 market conditions and operating rates [3.1 Strategic Highlights](index=2&type=section&id=3.1%20Strategic%20Highlights) LyondellBasell advanced its three-pillar strategy through asset optimization, capital preservation, and an expanded Cash Improvement Plan targeting $1.1 billion in improvements - Planned sale of four European assets to reposition for global markets from a more cost-advantaged asset base[10](index=10&type=chunk) - Delaying construction of the Flex-2 project to align investment levels with cash generation and preserve capital[10](index=10&type=chunk) - Expanded Cash Improvement Plan targeting at least **$1.1 billion** in cash improvements over 2025 and 2026[10](index=10&type=chunk) [3.2 Third Quarter 2025 Outlook](index=3&type=section&id=3.2%20Third%20Quarter%202025%20Outlook) Q3 2025 outlook anticipates improved North American polyethylene margins, steady European demand, favorable feedstock costs, and continued low oxyfuels margins [3.2.1 Market and Margin Expectations](index=3&type=section&id=3.2.1%20Market%20and%20Margin%20Expectations) Q3 market expectations include improved North American polyethylene margins, steady European demand with favorable feedstock costs, and persistently low oxyfuels margins - North American integrated polyethylene margins expected to improve due to completed maintenance and increased prices supported by solid domestic demand and stronger export volumes[11](index=11&type=chunk) - Europe expects steady seasonal demand and favorable feedstock costs, with ongoing capacity rationalizations aiding regional supply and demand balance[11](index=11&type=chunk) - Oxyfuels margins are expected to remain low for the remainder of the summer season[11](index=11&type=chunk) [3.2.2 Operating Rate Guidance](index=3&type=section&id=3.2.2%20Operating%20Rate%20Guidance) LyondellBasell provides Q3 2025 operating rate guidance of 85% for North American O&P, 75% for European O&P, and 80% for I&D assets **Q3 2025 Operating Rate Guidance:** | Segment | Expected Operating Rate | | :--- | :--- | | North American O&P assets | 85% | | European O&P assets | 75% | | Intermediates & Derivatives (I&D) assets | 80% | [Supplemental Information](index=3&type=section&id=Supplemental%20Information) This section provides additional context, including conference call details, company overview, forward-looking statement disclaimers, non-GAAP financial measure definitions, and detailed financial reconciliations [4.1 Conference Call Information](index=3&type=section&id=4.1%20Conference%20Call%20Information) LyondellBasell will host a conference call on August 1 at 11 a.m. ET to discuss Q2 2025 results, with access details and replay information provided - Conference call to be held on August 1 at 11 a.m. ET, featuring CEO Peter Vanacker and other executives[13](index=13&type=chunk) - Access via toll-free dial-in (1-877-407-8029), international dial-in (201-689-8029), or webcast at investors.lyondellbasell.com/earnings[13](index=13&type=chunk) - Replay available from August 1 to September 1, 2025, via dial-in (1-877-660-6853 or 201-612-7415, Access ID: 13746206)[13](index=13&type=chunk) [4.2 About LyondellBasell](index=3&type=section&id=4.2%20About%20LyondellBasell) LyondellBasell is a global chemical industry leader focused on sustainable living, enabling a circular economy, and is a major producer of polymers and polyolefin technologies - A leader in the global chemical industry, creating solutions for everyday sustainable living[14](index=14&type=chunk) - Enabling a circular and low carbon economy through advanced technology and focused investments[14](index=14&type=chunk) - One of the world's largest producers of polymers and a leader in polyolefin technologies, developing high-quality products for applications from sustainable transportation to healthcare[14](index=14&type=chunk) [4.3 Forward-Looking Statements](index=4&type=section&id=4.3%20Forward-Looking%20Statements) This section clarifies that the release contains forward-looking statements subject to significant risks and uncertainties, with no obligation for the company to update them - Statements not historical facts are forward-looking, based on management's reasonable assumptions but subject to significant risks and uncertainties[15](index=15&type=chunk) - Actual results could differ materially due to factors such as market conditions, business cyclicality, raw material volatility, competitive pressures, operating interruptions, and regulatory actions[15](index=15&type=chunk) - The company does not assume any obligation to update forward-looking statements, except as required by law[15](index=15&type=chunk) [4.4 Information Related to Non-GAAP Financial Measures](index=4&type=section&id=4.4%20Information%20Related%20to%20Non-GAAP%20Financial%20Measures) This section defines and explains the company's use of non-GAAP financial measures like EBITDA and adjusted figures, provided as supplemental information for understanding business trends - Non-GAAP measures (EBITDA, adjusted net income/EPS) provide useful supplemental information for understanding underlying business trends and performance, and for period-over-period comparisons[19](index=19&type=chunk) - EBITDA is calculated as net income (loss) plus interest expense (net), provision for (benefit from) income taxes, and depreciation and amortization[20](index=20&type=chunk) - Identified items include adjustments for lower of cost or market (LCM), gain on sale of business, asset write-downs, Cash Improvement Plan costs, Dutch PO joint venture exit costs, European transaction costs, and discontinued operations[3](index=3&type=chunk)[20](index=20&type=chunk) [4.5 Financial Reconciliations and Tables](index=7&type=section&id=4.5%20Financial%20Reconciliations%20and%20Tables) This section provides detailed reconciliations of GAAP to non-GAAP financial measures, including net income, EBITDA, diluted EPS, and calculations for cash, liquidity, and shareholder returns [4.5.1 Net Income and EBITDA Reconciliations](index=7&type=section&id=4.5.1%20Net%20Income%20and%20EBITDA%20Reconciliations) Table 2 reconciles net income to net income excluding identified items, and to EBITDA, for Q2 and YTD 2025 and 2024, with footnotes explaining identified items **Table 2 - Reconciliations of Net Income to Net Income Excluding Identified Items and to EBITDA (Millions of U.S. dollars):** | Metric | Q2 2025 | Q1 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | :--- | | Net income | $115 | $177 | $924 | $292 | $1,397 | | Net income excluding identified items | $202 | $110 | $724 | $312 | $1,157 | | EBITDA | $606 | $655 | $1,643 | $1,261 | $2,689 | | EBITDA excluding identified items | $715 | $576 | $1,330 | $1,291 | $2,293 | - Identified items include gain on sale of business, asset write-downs, Cash Improvement Plan costs, Dutch PO joint venture exit costs, European transaction costs, and loss (income) from discontinued operations[25](index=25&type=chunk)[26](index=26&type=chunk)[27](index=27&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk) [4.5.2 Diluted EPS Reconciliations](index=8&type=section&id=4.5.2%20Diluted%20EPS%20Reconciliations) Table 3 reconciles diluted EPS to diluted EPS excluding identified items for Q2 and YTD 2025 and 2024 **Table 3 - Reconciliation of Diluted EPS to Diluted EPS Excluding Identified Items:** | Metric | Q2 2025 | Q1 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | :--- | | Diluted earnings per share | $0.34 | $0.54 | $2.82 | $0.88 | $4.25 | | Diluted earnings per share excluding identified items | $0.62 | $0.33 | $2.20 | $0.95 | $3.52 | [4.5.3 Cash, Liquid Investments, and Total Liquidity](index=8&type=section&id=4.5.3%20Cash,%20Liquid%20Investments,%20and%20Total%20Liquidity) Table 4 details cash, liquid investments, and total liquidity as of June 30, 2025, showing $1.704 billion in cash and $6.354 billion in total liquidity **Table 4 - Calculation of Cash and Liquid Investments and Total Liquidity (Millions of U.S. dollars, as of June 30, 2025):** | Metric | Amount | | :--- | :--- | | Cash and cash equivalents and restricted cash | $1,704 | | Cash and liquid investments | $1,704 | | Availability under Senior Revolving Credit Facility | $3,750 | | Availability under U.S. Receivables Facility | $900 | | Total liquidity | $6,354 | [4.5.4 Dividends and Share Repurchases](index=8&type=section&id=4.5.4%20Dividends%20and%20Share%20Repurchases) Table 5 breaks down the $536 million returned to shareholders in Q2 2025, comprising $445 million in dividends and $91 million in share repurchases **Table 5 - Calculation of Dividends and Share Repurchases (Millions of U.S. dollars, Three Months Ended June 30, 2025):** | Metric | Amount | | :--- | :--- | | Dividends paid - common stock | $445 | | Repurchase of Company ordinary shares | $91 | | Dividends and share repurchases | $536 |

Core Insights - LyondellBasell Industries reported a net income of $115 million for Q2 2025, a decrease from $177 million in Q1 2025 and $924 million in Q2 2024 [5][22] - The diluted earnings per share (EPS) for Q2 2025 was $0.34, down from $0.54 in Q1 2025 and $2.82 in Q2 2024 [5][26] - The company generated $606 million in EBITDA for Q2 2025, compared to $655 million in Q1 2025 and $1.643 billion in Q2 2024 [5][22] Financial Performance - Sales and other operating revenues for Q2 2025 were $7.658 billion, slightly down from $7.677 billion in Q1 2025 and significantly lower than $8.678 billion in Q2 2024 [1][22] - Net income excluding identified items was $202 million for Q2 2025, compared to $110 million in Q1 2025 and $724 million in Q2 2024 [2][22] - EBITDA excluding identified items was $715 million for Q2 2025, up from $576 million in Q1 2025 but down from $1.330 billion in Q2 2024 [2][22] Strategic Initiatives - The company is expanding its Cash Improvement Plan, targeting an increased run-rate of $600 million for 2025 and an additional $500 million for 2026 [4][9] - LyondellBasell announced the planned sale of select European assets to optimize its business portfolio [4][9] - The construction of the Flex-2 project has been deferred to preserve capital during the cyclical downturn [4][9] Market Conditions - In North America, stronger domestic demand for polyethylene and polypropylene was noted, driven by sectors such as consumer packaging and healthcare [6] - European operations benefited from lower feedstock costs, which improved integrated polyethylene margins [6] - The company remains cautiously optimistic about policy developments in China and the European chemical industry, which could address excess capacity [3][10] Cash Flow and Liquidity - LyondellBasell generated $351 million in cash from operating activities during Q2 2025 [8] - The company returned $536 million to shareholders through dividends and share repurchases [4][29] - As of the end of Q2 2025, LyondellBasell held $1.7 billion in cash and cash equivalents, with total liquidity of $6.354 billion [8][28]

Core Viewpoint - LyondellBasell (LYB) is expected to report a significant decline in quarterly earnings and revenues, with analysts revising their estimates downward, indicating a challenging financial environment for the company. Financial Performance - The anticipated quarterly earnings per share (EPS) for LyondellBasell is $0.87, reflecting a decline of 61.2% year-over-year [1] - Analysts forecast revenues of $7.41 billion, which represents a decline of 29.9% compared to the previous year [1] - The consensus EPS estimate has been revised 3.3% lower over the last 30 days, indicating a reevaluation by analysts [1] Revenue Estimates by Segment - Revenues from Advanced Polymer Solutions are expected to be $926.05 million, down 2.3% from the year-ago quarter [4] - Revenues from Olefins and Polyolefins in the Americas are projected to reach $2.73 billion, indicating a year-over-year decline of 6.7% [4] - Revenues from Intermediates & Derivatives are estimated at $2.32 billion, reflecting a decrease of 16.9% from the previous year [4] - Revenues from Olefins and Polyolefins in Europe, Asia, and International are forecasted to be $2.60 billion, down 8.5% year-over-year [5] - Revenues from Technology are expected to be $145.00 million, indicating an 8.8% decline from the prior-year quarter [5] EBITDA Estimates - EBITDA for Olefins & Polyolefins in the Americas is projected at $323.25 million, down from $670.00 million in the same quarter last year [6] - EBITDA for Olefins & Polyolefins in Europe, Asia, and International is expected to be $45.75 million, compared to $70.00 million a year ago [6] - EBITDA for Advanced Polymer Solutions is estimated at $31.88 million, down from $40.00 million in the previous year [7] - EBITDA for Technology is projected to be $67.58 million, compared to $84.00 million last year [7] - EBITDA for Intermediates & Derivatives is expected to reach $253.36 million, down from $794.00 million in the same quarter last year [8] Stock Performance - LyondellBasell shares have increased by 2.1% over the past month, while the Zacks S&P 500 composite has risen by 3.4% [8] - The company holds a Zacks Rank of 5 (Strong Sell), indicating expectations of underperformance relative to the overall market in the near term [8]

Company Overview - LyondellBasell Industries is set to announce its earnings on August 1, 2025, with a current market capitalization of $21 billion [2] - The company reported revenue of $38 billion over the past twelve months, achieving operational profitability with $2.2 billion in operating profits and a net income of $1.1 billion [2] Earnings Performance Insights - Historical data shows that LyondellBasell has had 20 earnings data points over the last five years, with 7 positive and 13 negative one-day (1D) returns, resulting in a positive return rate of approximately 35% [5] - This positive return rate increases to 50% when considering only the last three years [5] - The median of the 7 positive returns is 0.6%, while the median of the 13 negative returns is -1.8% [5] Correlation with Peers - The performance of peers can influence post-earnings stock reactions, with market pricing potentially beginning before earnings announcements [6] - Historical data on LyondellBasell's stock performance is compared with peers that published earnings prior, focusing on post-earnings one-day (1D) returns [6]

Group 1 - LyondellBasell Industries N.V. (NYSE: LYB) is set to report its earnings on August 1st before the market opens, with investors closely monitoring the results due to the contentious nature of LYB stock [1] - The upcoming earnings report is significant for investors as it may influence stock performance and investor sentiment towards the company [1] Group 2 - The investing group Ian's Insider Corner offers features such as a Weekend Digest, trade alerts, and direct access to insights from the leader, Ian Bezek [2] - Ian Bezek has a background as a hedge fund analyst and has conducted extensive research in Latin American markets, focusing on high-quality growth stocks [3]