What was LyondellBasell's second-quarter adjusted net income, and how did it compare to both the prior quarter and analyst expectations?

LyondellBasell reported second-quarter adjusted net income of $1.401 billion, up from $163 million in the first quarter and well above the analysts’ consensus estimate of $1.096 billion, as compiled by S&P Capital IQ.

According to CEO Peter Vanacker, what is the estimated long-term impact of the Middle East conflict on global polyethylene supply, and when is full recovery expected?

CEO Peter Vanacker stated that approximately 6 million tons of polyethylene capacity — or around 20% to 25% of Middle East supply — sustained damage from the conflict and will not restart until at least 2027; he estimated recovery time would be measured in quarters, not months, and that full normalization would depend primarily on supply recovery and inventory rebuilding.

LyondellBasell earnings surge as price increases drive margin expansion

Aug 1, 2026

LyondellBasell reported Q2 adjusted net income of $1.401 billion, beating estimates. Price hikes from Middle East conflict-driven supply disruptions in polyethylene markets expanded margins across all business segments.

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