LyondellBasell Q2 Net Profit Drops 35 Percent to $115 Million Major Asset Sales and $1.1 Billion Cash Plan Unveiled

LyondellBasell (LYB) released its 2025 H1 and Q2 results, revealing first-half revenue of $15.34 billion, down 9.7% year-on-year, and net income of $292 million—a steep 79.1% decline. Q2 revenue was $7.66 billion, with net profit falling 35% to $115 million and EBITDA at $606 million, down 7.5%.

To boost long-term value, LYB is executing a three-pillar strategy, including the sale of four major European plants—representing 30% of O&P-EAI capacity—to AEQUITA, targeting completion in H1 2026. The plants are located in France, Germany, the UK, and Spain.

The company is also postponing its 400,000-ton Texas propylene project and delaying the final investment decision for its second MoReTec advanced recycling project, citing the need for market alignment and prudent capital allocation. Meanwhile, LYB aims to deliver at least $1.1 billion in cash improvements by 2026 to protect its balance sheet and support shareholder returns.

CEO Peter Vanacker noted signs of recovery in polyolefin prices and demand, particularly in North America, and expressed cautious optimism regarding China’s overcapacity and European policy support. The company recently shut down several facilities, including a Dutch PO/SM plant and its Houston refinery, as part of ongoing portfolio optimization.

Looking ahead, LYB expects stronger North American polyethylene margins in Q3, stable European demand, and continued low profits for oxygenated fuels amid oil price softness. The company will remain vigilant in navigating global trade volatility and tariff risks.