LyondellBasell Industries N.V. 10-Q filed Oct 30, 2026

Modified · OVERVIEW

Results from continuing operations for the secondthird quarter of 2026 increased compared to the firstsecond quarter of 2026, reflecting improved margins due to industry supply constraints as the conflict in as the second quarter results reflected a $734 million loss on the Middle East extended into disposition of select European assets and the second quarterassociated businesses. In our Olefins and& Polyolefins-Americas (“O&P-Americas”) segment, results improved relative to the prior quarter on expanding margins profitability fell driven by lower prices for polymers and favorable co-product pricing due to tighter global market supplyolefins products. Our In our Olefins and& Polyolefins-Europe, Asia, International (“O&P-EAI”) segment also benefited from improved , polymer spreads, driven by supply chain disruptions and stronger joint venture contributionsprices fell which pressured margins. Additionally, Volumes in the secondthird quarter results reflected a $734 million loss on were also lower, reflecting the dispositionsale of selectcertain European assets and the associated businessesin May 2026. Our Intermediates and Derivatives (“I&D”) segment delivered higher earnings results increased driven by improved margins across all businesses, partially offset by improvements in oxyfuels and related products as the Bayport PO/TBA unplanned outage during the quarter; Bayport was successfully restartedsite operated at full rates after a successful restart in June 2026 and global supply disruptions led to higher gasoline crack spreads and octane values.