How much did LyondellBasell Industries' second-quarter earnings increase compared to the same quarter last year and the previous quarter?

LyondellBasell Industries’ second-quarter earnings, excluding unusual items, were $1.4 billion—up nearly 600% from the same quarter last year and 760% from the first quarter.

What is driving the surge in profits for major US and European chemical makers according to the news?

The supply crunch caused by the on-again, off-again war in Iran and closure of the Strait of Hormuz is driving the surge in profits, enabling major US and European chemical makers to raise their selling prices ahead of escalating raw material and energy costs.

Iran conflict lifts chemical earnings

Aug 7, 2026

Supply disruptions from the Iran conflict and Strait of Hormuz closures have boosted profits for major US and European chemical companies, with LyondellBasell reporting second-quarter earnings up nearly 600% year-over-year.

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