Tearsheet

LyondellBasell Industries (LYB)


Market Price (12/23/2025): $43.77 | Market Cap: $14.1 Bil
Sector: Materials | Industry: Specialty Chemicals

LyondellBasell Industries (LYB)


Market Price (12/23/2025): $43.77
Market Cap: $14.1 Bil
Sector: Materials
Industry: Specialty Chemicals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%
Weak multi-year price returns
2Y Excs Rtn is -92%, 3Y Excs Rtn is -110%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 82%
1 Attractive cash flow generation
CFO LTM is 2.4 Bil
  Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 54x
2 Low stock price volatility
Vol 12M is 42%
  Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -13%, Rev Chg QQuarterly Revenue Change % is -12%
3 Megatrend and thematic drivers
Megatrends include Circular Economy & Recycling, and Advanced Materials. Themes include Advanced Recycling Technologies, Sustainable Packaging Materials, Show more.
  Key risks
LYB key risks include [1] significant asset write-downs in its European and Advanced Polymer Solutions segments, Show more.
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%
1 Attractive cash flow generation
CFO LTM is 2.4 Bil
2 Low stock price volatility
Vol 12M is 42%
3 Megatrend and thematic drivers
Megatrends include Circular Economy & Recycling, and Advanced Materials. Themes include Advanced Recycling Technologies, Sustainable Packaging Materials, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -92%, 3Y Excs Rtn is -110%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 82%
6 Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 54x
7 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -13%, Rev Chg QQuarterly Revenue Change % is -12%
8 Key risks
LYB key risks include [1] significant asset write-downs in its European and Advanced Polymer Solutions segments, Show more.

Valuation, Metrics & Events

LYB Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

The requested time period of August 31, 2025, to December 23, 2025, is in the future. Therefore, I cannot provide an analysis of LyondellBasell Industries' stock movement for this period. Show more

Stock Movement Drivers

Fundamental Drivers

The -12.2% change in LYB stock from 9/22/2025 to 12/22/2025 was primarily driven by a -12.2% change in the company's P/E Multiple.
922202512222025Change
Stock Price ($)49.6743.60-12.22%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)35154.0035154.000.00%
Net Income Margin (%)0.74%0.74%0.00%
P/E Multiple61.2853.79-12.22%
Shares Outstanding (Mil)322.00322.000.00%
Cumulative Contribution-12.22%

LTM = Last Twelve Months as of date shown

Market Drivers

9/22/2025 to 12/22/2025
ReturnCorrelation
LYB-12.2% 
Market (SPY)2.7%41.3%
Sector (XLB)1.1%55.8%

Fundamental Drivers

The -19.9% change in LYB stock from 6/23/2025 to 12/22/2025 was primarily driven by a -74.9% change in the company's Net Income Margin (%).
623202512222025Change
Stock Price ($)54.4443.60-19.91%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)36174.0035154.00-2.82%
Net Income Margin (%)2.96%0.74%-74.90%
P/E Multiple16.4853.79226.32%
Shares Outstanding (Mil)324.00322.000.62%
Cumulative Contribution-19.91%

LTM = Last Twelve Months as of date shown

Market Drivers

6/23/2025 to 12/22/2025
ReturnCorrelation
LYB-19.9% 
Market (SPY)14.4%30.7%
Sector (XLB)5.6%63.3%

Fundamental Drivers

The -34.8% change in LYB stock from 12/22/2024 to 12/22/2025 was primarily driven by a -87.2% change in the company's Net Income Margin (%).
1222202412222025Change
Stock Price ($)66.9143.60-34.84%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)37233.0035154.00-5.58%
Net Income Margin (%)5.79%0.74%-87.17%
P/E Multiple10.1053.79432.81%
Shares Outstanding (Mil)325.00322.000.92%
Cumulative Contribution-34.84%

LTM = Last Twelve Months as of date shown

Market Drivers

12/22/2024 to 12/22/2025
ReturnCorrelation
LYB-34.8% 
Market (SPY)16.9%56.2%
Sector (XLB)8.9%73.2%

Fundamental Drivers

The -35.8% change in LYB stock from 12/23/2022 to 12/22/2025 was primarily driven by a -90.7% change in the company's Net Income Margin (%).
1223202212222025Change
Stock Price ($)67.8843.60-35.77%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)53075.0035154.00-33.77%
Net Income Margin (%)8.02%0.74%-90.74%
P/E Multiple5.2053.79934.24%
Shares Outstanding (Mil)326.00322.001.23%
Cumulative Contribution-35.78%

LTM = Last Twelve Months as of date shown

Market Drivers

12/23/2023 to 12/22/2025
ReturnCorrelation
LYB-47.3% 
Market (SPY)47.7%51.1%
Sector (XLB)10.2%69.9%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
LYB Return3%5%-1%21%-17%-36%-32%
Peers Return16%20%-16%28%-18%-20%-2%
S&P 500 Return16%27%-19%24%23%17%113%

Monthly Win Rates [3]
LYB Win Rate58%42%67%50%33%42% 
Peers Win Rate68%58%50%42%43%45% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
LYB Max Drawdown-63%-6%-15%0%-19%-39% 
Peers Max Drawdown-55%-5%-32%-5%-26%-42% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: DOW, DD, WLK, EMN, CE. See LYB Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/22/2025 (YTD)

How Low Can It Go

Unique KeyEventLYBS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-35.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven55.5%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-63.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven170.7%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven296 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-35.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven54.7%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days

Compare to APD, PPG, DOW, EMN, HUN

In The Past

LyondellBasell Industries's stock fell -35.7% during the 2022 Inflation Shock from a high on 6/7/2022. A -35.7% loss requires a 55.5% gain to breakeven.

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About LyondellBasell Industries (LYB)

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyolefins; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers. The company also produces and sells propylene oxide and its derivatives; oxyfuels and related products; and intermediate chemicals, such as styrene monomers, acetyls, ethylene glycols, and ethylene oxides and derivatives. In addition, it produces and markets compounds and solutions, such as polypropylene compounds, engineered plastics, masterbatches, engineered composites, colors, and powders; and advanced polymers. Further, the company refines crude oil and other crude oils of varied types and sources into gasoline and distillates; develops and licenses chemical and polyolefin process technologies; and manufactures and sells polyolefin catalysts. LyondellBasell Industries N.V. was incorporated in 2009 and is headquartered in Houston, Texas.

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Here are 1-3 brief analogies to describe LyondellBasell Industries (LYB):

  • Like Dow Chemical, but with a strong focus on plastics and petrochemicals.
  • Similar to a global chemical giant such as BASF or Dow Chemical, specializing in the essential building blocks for plastics and industrial chemicals.
  • Think of it as a standalone, pure-play version of ExxonMobil's chemical division, converting oil and gas feedstocks into plastics and other fundamental chemicals.

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  • Polyolefins: A broad portfolio of polyethylene and polypropylene resins used in packaging, automotive components, and consumer goods.
  • Olefins: Basic chemical building blocks like ethylene and propylene, which are essential precursors for a vast array of chemicals and plastics.
  • Intermediates & Derivatives: Diverse chemicals such as propylene oxide, methanol, and acetic acid, critical for manufacturing various industrial and consumer products.
  • Advanced Polymer Solutions: Engineered plastics, compounds, and masterbatches tailored for specific high-performance applications in various industries.
  • Refined Products: Fuels like gasoline and diesel, along with other petroleum products, produced from crude oil at their refinery.
  • Polyolefin Technologies: Licensing of proprietary processes and catalysts for the production of polyethylene and polypropylene globally.
```

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LyondellBasell Industries (LYB) - Major Customers

LyondellBasell Industries (LYB) operates primarily as a business-to-business (B2B) company, selling its vast array of chemical products, polymers, and refining products to other companies rather than directly to individual consumers.

Due to the nature of its business as a major global producer of commodity and specialty chemicals and plastics, LyondellBasell has a highly diversified customer base. The company explicitly states in its financial filings (e.g., 10-K reports) that no single customer accounts for 10% or more of its consolidated net sales. Therefore, there are no individual "major customer companies" that can be specifically named with their stock symbols, as no one customer dominates its sales.

Instead, LyondellBasell's customers are thousands of downstream manufacturers across a wide range of industries globally. These companies utilize LYB's products as essential raw materials or intermediate components in their own manufacturing processes. These industries and types of customers include, but are not limited to:

  • Packaging Manufacturers: Companies producing various forms of packaging for food, beverages, consumer goods, and industrial products rely on LyondellBasell's polyolefins and other plastics.
  • Automotive Component Suppliers: Manufacturers of interior and exterior parts, under-the-hood components, and other vehicle systems use LYB's advanced polymer solutions and polyolefins.
  • Building and Construction Material Producers: Companies creating products such as pipes, flooring, insulation, roofing, and window profiles incorporate LyondellBasell's plastics.
  • Electronics Manufacturers: Producers of various electronic devices and components use LYB materials for casings, internal parts, and insulation.
  • Home Furnishings and Appliance Manufacturers: Companies making consumer appliances, furniture, and other household goods utilize LYB's polymers.
  • Textile and Apparel Producers: Manufacturers use LyondellBasell's chemical products as inputs for synthetic fibers and other textile applications.
  • Agricultural and Medical Product Manufacturers: Various specialized applications in agriculture (e.g., films, containers) and healthcare (e.g., medical devices, pharmaceutical packaging) utilize LyondellBasell's materials.

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Peter Vanacker, Chief Executive Officer; Director

Peter Vanacker was appointed Chief Executive Officer and a Director of LyondellBasell in 2022. Before joining LyondellBasell, he served as President, CEO, and Chairman of the Executive Committee at Neste Corporation, a company focused on renewable products. He also held CEO positions at CABB Group GmbH, a fine chemicals producer, and Treofan Group, a manufacturer of polypropylene films. Earlier in his career, Vanacker held various roles at Bayer AG, including Executive Vice President and Head of the Global Polyurethanes business and a member of the Executive Committee of Bayer Material Science (now Covestro). His international experience includes working in Belgium, Brazil, China, Finland, Germany, and the United States. He holds a master's degree in chemical engineering.

Agustin Izquierdo, Chief Financial Officer; Executive Vice President

Agustin Izquierdo has been the Executive Vice President and Chief Financial Officer of LyondellBasell since March 1, 2025. Prior to this role, he served as the Vice President of Strategy & Finance, Intermediates & Derivatives at LyondellBasell.

James Guilfoyle, Executive Vice President, Advanced Polymer Solutions and Global Supply Chain

James Guilfoyle has spent his entire career at LyondellBasell and its predecessor companies, beginning as a chemical engineer in 1993. He has held numerous managerial and technical roles within the company, including Senior Vice President for Global Intermediates and Derivatives and Global Supply Chain. Mr. Guilfoyle holds a bachelor's degree in chemical engineering, a master's degree in chemical engineering, and an MBA from the University of Houston.

Kenneth Lane, Executive Vice President - Global Olefins & Polyolefins

Kenneth Lane assumed the role of Executive Vice President, Global Olefins & Polyolefins for LyondellBasell in July 2019. Before joining LyondellBasell, he worked for BASF for 13 years, serving as president of the Monomers Division and president of BASF Catalysts. He also held various operations, strategy, and commercial positions at BP Chemicals for seven years, and technical and operations roles at Amoco Chemical Corporation for seven years. In early 2022, he served as interim CEO of LyondellBasell. As of March 2024, he became President and CEO and a Director of Olin Corporation. Mr. Lane earned a Bachelor of Science in civil engineering from Clemson University and a Master of Science in Management from the University of Alabama Huntsville.

James Seward, Chief Innovation Officer; Executive Vice President

James Seward was appointed Chief Innovation Officer and Executive Vice President of LyondellBasell in 2022.

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LyondellBasell Industries (LYB) faces several key risks inherent to its operations within the global petrochemical industry.

1. Prolonged Petrochemical Downturn and Cyclicality of the Chemical Industry: The primary risk facing LyondellBasell is the extended downturn in the petrochemical industry, which has severely compressed margins globally. This cyclical weakness is driven by factors such as macroeconomic conditions, rising interest rates, slowing global growth, and reduced demand from key sectors like automotive and construction. The company reported a net loss of $890 million in Q3 2025, largely due to non-cash asset write-downs in its European and Advanced Polymer Solutions segments, directly resulting from weak European petrochemical and global automotive markets. This downturn has led to declining revenue, significant margin contraction, and overall profitability challenges.

2. Volatile Raw Material and Energy Costs: LyondellBasell's business is highly capital-intensive and exposed to the price of hydrocarbon feedstocks, such as crude oil and natural gas. Fluctuations in these commodity prices directly impact the company's input costs, which can quickly compress margins. The company has a limited number of suppliers for some raw materials and utilities, which can further limit its negotiating power during periods of rising costs.

3. Environmental Regulations and Sustainability Pressures: The petrochemical industry, including LyondellBasell, faces increasing regulatory and consumer pressure to reduce its carbon footprint, address plastic pollution, and transition towards circular economy solutions. LyondellBasell has a history of environmental violations, including fines and lawsuits for issues related to air and water quality. This includes agreeing to pay significant civil penalties and invest in upgrades to reduce harmful air pollution at multiple U.S. chemical plants. This landscape necessitates continuous adaptation and significant capital investment in sustainable practices and advanced recycling technologies, creating both challenges and opportunities.

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The accelerating global movement towards reducing reliance on virgin, fossil-fuel-derived plastics and the transition to a circular economy model for materials. This trend is driven by several factors:

  • Increased Regulatory Pressure: Governments worldwide are implementing and proposing more stringent regulations, including bans on single-use plastics, mandatory recycled content targets, and extended producer responsibility (EPR) schemes, which directly impact the demand for virgin polymers and increase compliance costs for producers like LyondellBasell.
  • Shifting Consumer and Corporate Demand: There is a growing preference among consumers and major brands for sustainable packaging and products. This is leading many corporations to actively reduce their plastic footprint, explore alternative materials, or adopt reuse/refill models, consequently decreasing the demand for new plastic production.
  • Advancements in Recycling Technologies: While LyondellBasell is investing in this area, rapid developments and scalability of advanced recycling (e.g., chemical recycling) and other circular economy solutions by competitors and new entrants could increase the availability and cost-competitiveness of recycled content, thereby displacing demand for virgin plastic feedstocks at an accelerating pace.

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LyondellBasell Industries (LYB) operates in several key markets with a diverse product portfolio. The addressable market sizes for their main products and services are as follows:

Main Product/Service Addressable Market Size (Region)
Polypropylene
  • Global: Estimated between USD 94.7 billion in 2025 and USD 140.32 billion in 2025.
  • Projected Global: To reach USD 131.5 billion by 2032 or USD 223.54 billion by 2034.
  • Asia Pacific: USD 46.46 billion in 2023.
  • U.S.: Projected to reach USD 12.07 billion by 2032.
Polyethylene
  • Global: Valued at USD 110.23 billion in 2023 (another source cites USD 129.92 billion in 2024 or USD 161.52 billion in 2024).
  • Projected Global: To reach USD 158.49 billion by 2032, USD 191.42 billion by 2033, or USD 266.58 billion by 2034.
  • Asia Pacific: Dominated the market with over 50.3% share in 2023 (or 47.98% in 2022).
  • U.S.: Projected to reach USD 22.31 billion by 2032.
Polyolefins (overall, including polyethylene and polypropylene)
  • Global: Estimated to rise from USD 279.08 billion in 2025 to USD 463.33 billion by 2035 (another source cites USD 274.22 billion in 2024 to USD 382.56 billion by 2032, or USD 190.89 billion in 2024 to USD 498.91 billion by 2031).
  • Asia Pacific: Dominated the market with a revenue share of 51.8% in 2024 (or 47.39% in 2023).
Petrochemicals (a broader category including ethylene, propylene, etc.)
  • Global: Valued at USD 623.83 billion in 2023 (another source cites USD 645.7 billion in 2024).
  • Projected Global: To grow to USD 900.91 billion by 2032 or USD 971.2 billion by 2033.
  • Asia Pacific: Held the largest market share of 46.9% in 2024 (or 52.16% in 2023).
  • North America: Accounted for the largest revenue share of 38.5% in 2024.
Propylene Oxide null
Ethylene null
Propylene null
Advanced Polymer Solutions (excluding polypropylene compounds) null
Refining Products null (LyondellBasell announced plans to close its Houston refinery by early 2025).
Licensing of Polyolefin Process Technologies null

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LyondellBasell Industries (LYB) is poised for future revenue growth over the next two to three years, driven by several strategic initiatives and anticipated market improvements:

  1. Expansion of Circular and Low-Carbon Solutions (CLCS) Business: LyondellBasell is significantly investing in and expanding its CLCS segment, focusing on recycled and renewable-based polymers. The company achieved a 65% increase in volumes of recycled and renewable-based polymers in 2024, reaching over 200,000 metric tons. LyondellBasell aims to produce and market 2 million metric tons annually by 2030, expecting to capture over $1 billion in incremental EBITDA from this business. Key projects contributing to this growth include the construction of its first commercial-scale chemical recycling facility, MoReTec-1, in Germany, expected to start up in 2026. Additionally, the company is upgrading former PreZero PE film recycling assets in California, anticipating full operations in early 2026, and plans to make a final investment decision on a second, larger chemical recycling facility (MoReTec-2) in Houston in the first half of 2026. Growing demand for recycled and biobased plastics, driven by consumer preferences and regulatory developments, further supports this expansion.
  2. Recovery in Global Polyolefins Demand and Market Rebalancing: LyondellBasell anticipates revenue growth from a recovery in global polyolefins demand and a rebalancing of the market. Polyethylene demand has shown early signs of recovery, with North American demand increasing by 2.5% and European volumes rising approximately 3% year-to-date in 2025. Management believes that the ongoing global ethylene capacity rationalization, estimated to be around 10% of global supply by 2028, will help balance supply and demand. This rebalancing is expected to lead to improved pricing power and increased sales volumes for LyondellBasell, directly impacting revenue.
  3. Strategic Capacity Expansion in Propylene Production: LyondellBasell is investing in expanding its propylene production capacity at the Channelview Complex near Houston. Groundbreaking and construction for this project are expected to begin in the third quarter of 2025. While the projected startup is in late 2028, the significant investment and construction activities within the next 2-3 years signify a commitment to growth in a core business line. The new metathesis unit is designed to add approximately 400 thousand metric tons of annual propylene production capacity, strengthening the company's ability to meet increasing customer demand and improve self-sufficiency, which will contribute to long-term revenue growth.
  4. Optimization and Transformation of Advanced Polymer Solutions: The company's focus on the transformation of its Advanced Polymer Solutions business is another driver of future revenue. LyondellBasell is working to improve customer satisfaction and optimize this segment, which is expected to drive business improvement. These efforts aim to enhance existing revenue streams, improve profitability in the segment by offsetting pricing pressures through cost reduction initiatives, and potentially expand market share in specialized polymer solutions.

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Share Repurchases

  • In 2020, LyondellBasell undertook a significant share buyback program of approximately $3.7 billion, resulting in a net common buyback yield of almost 15%.
  • From 2021 onwards, the company has consistently spent an average of around $300 million annually on its share repurchase program.
  • LyondellBasell returned $500 million to shareholders in Q1 2025 through opportunistic share repurchases and dividends, but no further share buybacks are planned for 2025 and 2026 due to the Cash Improvement Plan.

Outbound Investments

  • LyondellBasell reached a final investment decision in Q1 2025 for its Flex-2 project, which is expected to generate an estimated $150 million in annual EBITDA post-startup in late 2028, with approximately $800 million in capital expenditures planned.
  • The company is strategically repositioning its portfolio by shifting towards low-cost feedstock assets in the United States and the Middle East, while increasing access to circular and renewable feedstocks in Europe.
  • LyondellBasell is continuing the construction of its first chemical recycling plant, MoReTec-1, located in Germany.

Capital Expenditures

  • LyondellBasell's capital expenditures were $406 million in Q3 2025 and $539 million in Q2 2025.
  • The company reduced its 2025 capital expenditure guidance to $1.7 billion and further to $1.2 billion for 2026, reflecting a disciplined approach to capital allocation.
  • Capital expenditures are prioritized for sustaining safety and reliability, and for growth projects like MoReTec-1 and Flex-2, with smaller growth investments being deferred.

Better Bets than LyondellBasell Industries (LYB)

Trade Ideas

Select ideas related to LYB. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
DD_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025DDDuPont de NemoursDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
8.2%8.2%-0.2%
CF_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025CFCF IndustriesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-1.4%-1.4%-3.1%
HL_11212025_Quality_Momentum_RoomToRun_10%11212025HLHecla MiningQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
53.6%53.6%0.0%
CDE_11072025_Dip_Buyer_ValueBuy11072025CDECoeur MiningDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
28.6%28.6%-5.7%
ATR_10312025_Dip_Buyer_ValueBuy10312025ATRAptarGroupDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
5.8%5.8%-2.5%
LYB_9302022_Dip_Buyer_FCFYield09302022LYBLyondellBasell IndustriesDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
28.0%32.6%0.0%
LYB_7312020_Dip_Buyer_FCFYield07312020LYBLyondellBasell IndustriesDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
41.0%66.5%-0.6%

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Peer Comparisons for LyondellBasell Industries

Peers to compare with:

Financials

LYBDOWDDWLKEMNCEMedian
NameLyondell.Dow DuPont d.Westlake Eastman .Celanese  
Mkt Price43.6023.4241.4874.3963.2742.7243.16
Mkt Cap14.016.717.49.57.24.711.8
Rev LTM35,15440,91313,51811,4809,0249,71012,499
Op Inc LTM1,5234722,143331,1908561,023
FCF LTM463-1,1201,316-3653951,024429
FCF 3Y Avg2,082903658544511965780
CFO LTM2,3571,5622,0646741,0081,3881,475
CFO 3Y Avg3,8503,6451,9861,5751,1951,4331,780

Growth & Margins

LYBDOWDDWLKEMNCEMedian
NameLyondell.Dow DuPont d.Westlake Eastman .Celanese  
Rev Chg LTM-6.3%-5.3%14.0%-5.3%-3.4%-7.3%-5.3%
Rev Chg 3Y Avg-12.9%-11.3%1.3%-10.3%-5.9%0.7%-8.1%
Rev Chg Q-11.8%-8.3%7.3%-9.0%-10.6%-8.6%-8.8%
QoQ Delta Rev Chg LTM-2.8%-2.2%1.6%-2.4%-2.8%-2.3%-2.3%
Op Mgn LTM4.3%1.2%15.9%0.3%13.2%8.8%6.6%
Op Mgn 3Y Avg6.9%3.5%14.9%6.6%12.6%9.5%8.2%
QoQ Delta Op Mgn LTM-1.8%-0.5%0.1%-2.3%-1.2%-0.6%-0.9%
CFO/Rev LTM6.7%3.8%15.3%5.9%11.2%14.3%8.9%
CFO/Rev 3Y Avg9.9%8.3%15.9%12.6%12.9%13.9%12.8%
FCF/Rev LTM1.3%-2.7%9.7%-3.2%4.4%10.5%2.8%
FCF/Rev 3Y Avg5.2%1.9%5.2%4.1%5.5%9.4%5.2%

Valuation

LYBDOWDDWLKEMNCEMedian
NameLyondell.Dow DuPont d.Westlake Eastman .Celanese  
Mkt Cap14.016.717.49.57.24.711.8
P/S0.40.41.30.80.80.50.6
P/EBIT24.4141.324.7-14.16.7-2.315.6
P/E53.8-14.7-22.5-10.010.4-1.5-5.7
P/CFO6.010.78.414.27.23.47.8
Total Yield14.3%3.6%-0.6%-8.6%12.3%-64.1%1.5%
Dividend Yield12.5%10.4%3.9%1.4%2.6%1.8%3.3%
FCF Yield 3Y Avg7.2%1.2%1.9%2.8%5.3%11.8%4.1%
D/E0.91.20.50.60.72.80.8
Net D/E0.80.90.40.30.62.50.7

Returns

LYBDOWDDWLKEMNCEMedian
NameLyondell.Dow DuPont d.Westlake Eastman .Celanese  
1M Rtn0.1%7.1%8.2%27.1%7.7%12.6%7.9%
3M Rtn-12.2%2.6%33.2%-7.6%-0.4%-2.2%-1.3%
6M Rtn-19.9%-10.3%56.4%2.7%-13.5%-21.7%-11.9%
12M Rtn-34.8%-37.0%37.1%-32.5%-27.9%-37.3%-33.7%
3Y Rtn-35.8%-45.0%60.4%-25.2%-13.4%-56.4%-30.5%
1M Excs Rtn0.2%8.3%7.1%27.9%8.5%15.0%8.4%
3M Excs Rtn-14.3%0.6%31.3%-9.2%-3.6%-3.0%-3.3%
6M Excs Rtn-34.2%-25.3%40.8%-13.2%-28.0%-36.6%-26.7%
12M Excs Rtn-53.1%-54.4%19.4%-51.0%-44.4%-54.1%-52.1%
3Y Excs Rtn-110.4%-120.0%-14.0%-101.8%-90.2%-132.9%-106.1%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Olefins and Polyolefins-Americas (O&P-Americas)11,28014,48010,5025,0325,311
Intermediates and Derivatives (I&D)11,08612,9509,9686,1447,642
Olefins and Polyolefins - Europe, Asia, International (O&P-EAI)10,47913,45512,6857,8098,764
Refining9,71411,8937,1784,3467,599
Advanced Polymer Solutions (APS)3,6984,2025,1333,9034,846
Technology663693707519565
Other-5,813-7,222   
Total41,10750,45146,17327,75334,727


Price Behavior

Price Behavior
Market Price$43.60 
Market Cap ($ Bil)14.0 
First Trading Date04/28/2010 
Distance from 52W High-39.1% 
   50 Days200 Days
DMA Price$44.20$52.47
DMA Trenddowndown
Distance from DMA-1.4%-16.9%
 3M1YR
Volatility39.8%42.3%
Downside Capture152.74117.40
Upside Capture69.7457.46
Correlation (SPY)40.0%56.0%
LYB Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.841.321.161.241.180.99
Up Beta0.971.742.011.581.331.14
Down Beta-1.731.171.382.001.431.19
Up Capture159%101%17%40%38%30%
Bmk +ve Days12253873141426
Stock +ve Days9192758114365
Down Capture99%144%134%119%108%99%
Bmk -ve Days7162452107323
Stock -ve Days10223567133383

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of LYB With Other Asset Classes (Last 1Y)
 LYBSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-36.5%5.9%14.7%67.3%6.8%-0.5%-16.6%
Annualized Volatility42.0%20.2%19.7%19.3%15.2%17.6%35.4%
Sharpe Ratio-0.970.170.572.540.23-0.18-0.25
Correlation With Other Assets 72.7%55.7%-3.7%34.3%52.9%27.1%

ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of LYB With Other Asset Classes (Last 5Y)
 LYBSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-6.8%7.6%15.0%18.9%11.8%5.1%35.8%
Annualized Volatility30.7%18.9%17.1%15.5%18.7%18.9%48.9%
Sharpe Ratio-0.180.300.710.980.510.180.63
Correlation With Other Assets 72.8%51.4%9.1%37.4%42.1%21.6%

ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of LYB With Other Asset Classes (Last 10Y)
 LYBSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return0.5%9.9%14.9%14.9%6.7%5.5%69.9%
Annualized Volatility35.7%20.8%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio0.120.430.710.840.300.230.90
Correlation With Other Assets 76.2%59.9%2.3%41.1%50.3%16.3%

ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date11282025
Short Interest: Shares Quantity22,418,381
Short Interest: % Change Since 1115202510.4%
Average Daily Volume5,084,743
Days-to-Cover Short Interest4.41
Basic Shares Quantity322,000,000
Short % of Basic Shares7.0%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/31/20252.7%-6.2%8.7%
8/1/2025-7.8%-13.4%-0.4%
4/25/20250.3%-1.6%-5.3%
1/31/2025-0.6%2.1%-3.6%
11/1/2024-0.3%0.6%-4.0%
8/2/2024-3.8%-2.0%2.0%
4/26/20242.5%-0.9%-1.1%
2/2/2024-1.8%0.4%8.8%
...
SUMMARY STATS   
# Positive81214
# Negative161210
Median Positive1.3%2.6%5.5%
Median Negative-3.6%-3.6%-3.8%
Max Positive3.6%6.2%21.9%
Max Negative-10.1%-20.5%-10.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251031202510-Q 9/30/2025
6302025801202510-Q 6/30/2025
3312025425202510-Q 3/31/2025
12312024227202510-K 12/31/2024
93020241101202410-Q 9/30/2024
6302024802202410-Q 6/30/2024
3312024426202410-Q 3/31/2024
12312023222202410-K 12/31/2023
93020231027202310-Q 9/30/2023
6302023804202310-Q 6/30/2023
3312023428202310-Q 3/31/2023
12312022223202310-K 12/31/2022
93020221028202210-Q 9/30/2022
6302022729202210-Q 6/30/2022
3312022429202210-Q 3/31/2022
12312021224202210-K 12/31/2021