Record Safety Performance
LyondellBasell achieved a March year-to-date total recordable incident rate of 0.12, improving on its very low rates from 2023 and 2024.
Portfolio Management Reduces Costs
The portfolio management activities since 2023 have reduced annual fixed cost expenditures by approximately $300 million net of onetime costs.
Cash Improvement and Cost Reduction Plans
In response to the current market environment, LyondellBasell launched a $500 million cash improvement plan for 2025, including a $100 million reduction in capital expenditures and $200 million in fixed cost savings.
Flex-2 Project Milestone
The Flex-2 project reached a final investment decision milestone, with an expected EBITDA benefit of approximately $150 million per year post-startup and a strong IRR in the mid-teens.
Strong Cash Conversion
LyondellBasell converted EBITDA into cash at a rate of 87% over the past 12 months, above its long-term target of 80%.