LyondellBasell said operating income in 2024 decreased by $1,236 million, or 40%, compared to 2023. Operating income in the O&P-EAI, Refining and I&D segments decreased by $848 million, $434 million and $311 million, respectively.

1. 01

   LyondellBasell said operating income in 2024 decreased by $1,236 million, or 40%, compared to 2023. Operating income in the O&P-EAI, Refining and I&D segments decreased by $848 million, $434 million and $311 million, respectively.

2. 02

   The company recognized non-cash impairment charges of $949 million in 2024, consisting primarily of impairments of property, plant and equipment of $892 million in the O&P-EAI and APS segments. In 2023, non-cash impairment charges were $518 million.

3. 03

   LyondellBasell said cash provided by operating activities in 2024 was $3,819 million, capital expenditures were $1,839 million and shareholder returns through dividend payments and share repurchases were $1,915 million. In 2023, cash provided by operating activities was $4,942 million.

4. 04

   The company completed the sale of its EO&D business in Q2 2024 and recognized a pre-tax gain of $284 million. The company said it invested approximately $500 million to acquire a 35% stake in the National Petrochemical Industrial Company joint venture. Proceeds from the sale of the EO&D business were $689 million.

Key figures

Fiscal year ended December 31, 2024

Revenue

$40.3B

Operating income

$1.8B

Net income

$1.4B

EPS

$4.15

Operating cash flow

$3.8B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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