LyondellBasell Industries N.V. recently released its 10-Q report, providing a detailed look into the company's operations. The company operates in six segments, including Olefins and Polyolefins in the Americas, Europe, Asia, and internationally, Intermediates and Derivatives, Advanced Polymer Solutions, Refining, and Technology. Its products include olefins, polyolefins, polyethylene, polypropylene, propylene oxide, and derivatives.
In the second quarter of 2025, results from continuing operations increased compared to the first quarter. The completion of a turnaround at the Channelview complex led to higher operating rates, supporting a sequential improvement in integrated polyethylene volumes and margins in the Olefins and Polyolefins-Americas segment. Lower feedstock costs in the Olefins and Polyolefins-Europe, Asia, International segment improved integrated polyethylene margins while polyolefin volumes benefited from increased seasonal demand. However, a non-cash impairment related to European assets classified as held for sale offset these improvements.
During the first six months of 2025, results from continuing operations decreased compared to the first six months of 2024. Margins decreased across most businesses in the Olefins and Polyolefins-Americas segment due to increased feedstock and energy costs. The company also entered into an agreement for the sale of select olefins and polyolefins assets and the associated business in Europe, expecting to recognize a loss on sale of approximately $700 million to $900 million upon closing.
In terms of financials, revenues remained relatively unchanged in the second quarter of 2025 compared to the first quarter, with lower average sales prices for many products resulting in a 5% decrease in revenues. However, favorable foreign exchange impact resulted in a 4% increase in revenues, and higher sales volumes led to a 1% increase in revenue. In the first six months of 2025, revenues decreased by $1,647 million or 10% compared to the first six months of 2024, primarily driven by lower sales volumes due to lower demand.
The company's operating income increased by $171 million, or 150%, in the second quarter of 2025 compared to the first quarter, but decreased by $1,251 million, or 76%, in the first six months of 2025 compared to the first six months of 2024. The company also discussed its effective income tax rate and income from discontinued operations, net of tax, and provided a comprehensive income breakdown.
The report also includes a segment analysis, where the company uses net income before interest, income taxes, and depreciation and amortization as its measure of profitability for segment reporting purposes. The report provides a detailed breakdown of revenues, operating income, depreciation and amortization, income from equity investments, gain on sale of business, and EBITDA for each segment.
Today the company's shares have moved -6.44% to a price of $54.20. For the full picture, make sure to review LyondellBasell Industries's 10-Q report.
