LyondellBasell reports higher second-quarter earnings amid tighter markets

LyondellBasell reported second-quarter 2026 net income of $559 million, or $1.71 per diluted share, compared with $115 million a year earlier; excluding identified items, earnings were $1.40 billion, or $4.30 per share. Revenue rose to $9.18 billion, while EBITDA increased to $1.25 billion, and the company generated $752 million in operating cash flow, paid $224 million in dividends and ended June with $2.6 billion in cash and $7.1 billion in available liquidity. The results included an $842 million after-tax impact from identified items, primarily the divestiture of select European assets, while LyondellBasell expects third-quarter operating rates of 85% for North American O&P assets, 70% for European O&P assets and 85% for Intermediates and Derivatives.