Strong Cash Conversion
LyondellBasell achieved a cash conversion rate of 135% in the third quarter, well above the long-term target of 80%.
Solid Safety Performance
The company reported a total recordable incident rate of 0.12, better than last year's top decile result, reflecting improved safety year-on-year.
Encouraging Polyethylene Demand
Polyethylene demand in North America and Europe is showing signs of recovery, with North American demand up by 2.5% and European volumes up approximately 3% year-to-date.
Progress on Cash Improvement Plan
LyondellBasell is on track to deliver a $600 million cash improvement by the end of 2025, with $150 million in fixed cost reductions already achieved.
Strategic Asset Sale Progress
The company signed a sales and purchase agreement for the sale of select European assets, expected to close in the first half of 2026.