LyondellBasell Reports Lower Q1 2025 Profits Amid Volumes Decline

Published 2 hours agoLYB

LyondellBasell Reports Lower Q1 2025 Profits Amid Volumes Decline

LyondellBasell Industries N.V. announced disappointing first-quarter 2025 financial results, with adjusted earnings per share at 33 cents, falling short of analysts' expectations of 43 cents. The shortfall is attributed primarily to lower product volumes and ongoing maintenance in their largest segment. According to Reuters, the company's revenue also saw a decline, settling at $7.7 billion compared to $8.3 billion in the first quarter of 2024.

The financial underperformance is particularly noticeable in LyondellBasell's Olefins & Polyolefins-Americas segment, where adjusted core earnings shrank to $251 million from $521 million year-over-year, largely impacted by increased feedstock costs. Another segment, Intermediates & Derivatives, reported a 69.9% drop in adjusted core profit to $94 million. Following these announcements, the company's stock experienced a 2.5% dip in premarket trading.

To address these challenges, LyondellBasell has launched a strategic cash improvement initiative aimed at increasing its earnings by $500 million. Despite the current downturn, the company is optimistic about a potential uptick in demand with the advent of improved seasonal conditions in the second quarter, aligning its outlook with broader industry trends.

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