Outstanding Safety Performance
LyondellBasell achieved a total recordable injury rate of 0.13 in 2024, marking it as the second-lowest year for the company. Six sites surpassed 10-plus years of no injuries, and the APS segment reduced incident rates by 39% compared to 2023.
Strong Cash Conversion and Shareholder Returns
LyondellBasell generated $3.8 billion of cash from operations with a 90% cash conversion ratio. The company returned $1.9 billion to shareholders in dividends and repurchases.
Strategic Progress and Growth Initiatives
The company unlocked approximately $1.3 billion of incremental normalized EBITDA and exceeded expectations with the Value Enhancement Program contributing $600 million to 2024 EBITDA.
Circular and Low-Carbon Solutions Growth
Volumes increased by 65% in 2024 to over 200,000 tons. The business targets $1 billion of incremental EBITDA from 2 million tons of annual volumes by 2030.
Dividend Growth
The quarterly dividend increased by 7% in May 2024, marking the 14th consecutive year of annual dividend growth.