LyondellBasell Q3 profit comes in at $758 million as revenue rises

LyondellBasell (NYSE:LYB) reported third-quarter 2026 net income of $758 million, or $2.32 per diluted share, reversing a loss in the same period last year as revenue increased to $8.499 billion.

Revenue increased from $7.727 billion a year earlier but declined from $9.177 billion in the second quarter, while diluted earnings per share improved from $1.71 sequentially and a loss of $2.77 annually.

The company reported that lower polymer prices affected its regional Olefins and Polyolefins businesses, while stronger oxyfuels performance supported profitability in Intermediates and Derivatives.

Excluding identified items, LyondellBasell reported net income of $828 million and diluted earnings of $2.54 per share, while operating cash flow reached $1.7 billion, including a release of working capital.

The company repaid its €500 million note maturity during the quarter and ended September with $3.2 billion in cash, while fourth-quarter operating rates are expected to reach 85% in North American Olefins and Polyolefins, 60% in European Olefins and Polyolefins, and 75% in Intermediates and Derivatives.

Management expects seasonal demand patterns and continued supply uncertainty to influence fourth-quarter operations, while lower polymer prices remain a factor affecting its regional businesses.

LyondellBasell operates as a global chemical and plastics manufacturer, producing polymers, chemicals and refining products used in packaging, transportation, construction and other industrial applications.