LyondellBasell Industries N.V. reported a significant decline in its financial performance for the fiscal year ending December 31, 2025, with total revenues of $30.2 billion, a decrease of 10% from $33.4 billion in 2024. The company's net loss for the year was $738 million, compared to a net income of $1.4 billion in the previous year. This downturn was primarily attributed to non-cash impairment charges totaling $1.2 billion, driven by a prolonged downturn in the European petrochemical and global automotive industries, as well as lower margins in its Olefins and Polyolefins segments.
The company experienced a notable reduction in operating income, which fell to a loss of $420 million from a profit of $1.9 billion in 2024. The decline was exacerbated by lower average sales prices and volumes across its product lines, particularly in the Olefins and Polyolefins-Americas segment, where revenues dropped by 15% to $9.8 billion. The Intermediates and Derivatives segment also saw a revenue decrease of 13%, reflecting lower oxyfuels and related product margins. In contrast, the Advanced Polymer Solutions segment reported improvements in margin and business win rates, although it still recorded a loss.
Strategically, LyondellBasell announced plans to divest certain European olefins and polyolefins assets, with the sale expected to close in the second quarter of 2026. This decision is part of a broader strategy to reshape its business portfolio and enhance profitability. The company also continued to invest in its Circular & Low Carbon Solutions business, aiming to meet the growing demand for sustainable materials. In 2025, LyondellBasell generated $2.3 billion in cash from operating activities and returned $2.0 billion to shareholders through dividends and share repurchases.
Operationally, LyondellBasell's employee headcount decreased by approximately 7% to 18,970, reflecting cost reduction measures associated with its cash improvement plan. The company also reported a significant reduction in its inventories, which fell by $945 million, indicating a response to lower demand and market conditions. Looking ahead, LyondellBasell anticipates continued volatility in feedstock and energy prices but expects improved demand in its O&P-EAI segment due to seasonal trends. The company plans to align its operating rates with global demand, targeting approximately 85% utilization for its O&P-Americas and I&D assets in the first quarter of 2026.
About LyondellBasell Industries N.V.
LyondellBasell Industries N.V. is a leading global chemical company specializing in the production of olefins, polyolefins, intermediates, and derivatives. Its core activities include manufacturing plastics, chemicals, and refining crude oil into fuels. Serving diverse markets such as packaging, automotive, construction, and consumer goods, the company leverages technological innovation, cost efficiency, and sustainability initiatives to maintain competitive advantage in the petrochemical industry.
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