LyondellBasell Industries NV - Company Profile
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LyondellBasell Industries NV (LyondellBasell) is a chemical company. It manufactures and sells plastics, petrochemicals, and basic chemicals. The company also refines crude oil to convert it into refined products such as diesel, gasoline, and jet fuel. Its major chemical products include polyolefins and polypropylene compounds, propylene oxide, polyethylene, ethylene, and propylene. LyondellBasell also develops and licenses polyolefin process technologies and provides associated engineering services. The company’s products and technologies find use in the manufacture of a range of products in various sectors including food packaging, automotive components, home furnishings, and construction materials. The company operates in major markets including the US, Hong Kong, Argentina, Brazil, China, India, and the UAE. LyondellBasell is headquartered in London, the UK.
Headquarters
United Kingdom
Address
4th Floor, One Vine Street, Nan, London, Greater London, W1J0AH
Website
www.lyondellbasell.com
Telephone
44 207 2202600
No of Employees
18,970
Industry
Chemicals
Ticker Symbol & Exchange
LYB (NYSE)
Revenue (2024)
$30.2B
-9.7%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-154%
(2024 vs 2023)
Market Cap*
$23.2B
Net Profit Margin (2024)
XYZ
-159.9%
(2024 vs 2023)
* As of and is in US$
LyondellBasell Industries NV premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Products | Services |
| Benzene | Technology Services |
| Butadiene | Distribution Services |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Regulatory Approval | In July, the company's joint venture, Genox LyondellBasell New Material Co., Ltd., secured no objection letters from the US Food and Drug Administration for its recycled polypropylene and recycled high-density polyethylene processes. |
| 2025 | New Products/Services | In March, the company introduced Pro-fax EP649U, a new polypropylene impact copolymer. |
| 2025 | Plans/Strategy | In March, the company and Covestro announced plans to permanently close the ropylene oxide and styrene monomers production unit at the Maasvlakte site in the Netherlands. |
Competitor Comparison
| Key Parameters | LyondellBasell Industries NV | Chevron Phillips Chemical Co LLC | Westlake Corp | Eastman Chemical Co | Borealis AG |
|---|---|---|---|---|---|
| Headquarters | United Kingdom | United States of America | United States of America | United States of America | Austria |
| City | London | The Woodlands | Houston | Kingsport | Vienna |
| State/Province | Greater London | Texas | Texas | Tennessee | Wien |
| No. of Employees | 18,970 | 5,000 | 14,600 | 13,000 | 6,090 |
| Entity Type | Public | Private | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jacques Aigrain | Chairman | Executive Board | 2018 | 70 |
| Peter Vanacker | Chief Executive Officer; Director | Executive Board | 2022 | 59 |
| Agustin Izquierdo | Chief Financial Officer; Executive Vice President | Senior Management | 2025 | - |
| James Seward | Chief Innovation Officer; Executive Vice President | Senior Management | 2022 | 57 |
| Kenneth Lane | Executive Vice President - Global Olefins & Polyolefins | Senior Management | 2022 | 55 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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