LyondellBasell Industries (NYSE:LYB) today announced its financial results for the first quarter ended March 31, 2025, reporting net income of $177 million.
This translates to $0.54 per diluted share for the quarter.
The company's results for the first quarter were impacted by identified items totalling $67 million, net of tax.
These items, which amounted to $0.21 per share, primarily relate to costs associated with the closure of the Dutch PO joint venture, partially offset by income from discontinued refinery operations.
Excluding these identified items, LyondellBasell's first quarter 2025 EBITDA stood at $576 million.
On a reported basis, EBITDA for the quarter was $655 million.
During the first quarter, the company utilised $579 million in cash for operating activities.
Despite this, LyondellBasell returned $543 million to its shareholders through a combination of dividends and share repurchases, underscoring its commitment to delivering value to investors.