What were LyondellBasell's first-quarter adjusted net income and adjusted EPS, and how did they compare to analyst expectations?

LyondellBasell's first-quarter adjusted net income was $163 million, up sequentially from a loss of $79 million and up year over year from $110 million; adjusted earnings per share were 49 cents, well above the analysts’ consensus estimate of 28 cents as compiled by S&P Capital IQ.

According to CEO Peter Vanacker, how has the war in the Middle East affected the global petrochemical cost curve—and what strategic response is LyondellBasell taking?

CEO Peter Vanacker stated that 'the global cost curve for petrochemicals has materially steepened with the onset of war in the Middle East and is unlikely to revert to pre-war conditions anytime soon,' and that LyondellBasell is 'moving quickly and decisively to increase production to help fill the gap in global supply' while leveraging its 'lowest delivered cost with advantaged assets in North America' and passing through higher raw material costs in Europe to profitably serve local demand.

LyondellBasell beats estimates as Iran war tightens supply, buoys margins

May 2, 2026

LyondellBasell reported Q1 adjusted net income of $163 million, beating estimates amid Middle East supply disruptions. The company forecasts continued margin expansion driven by tighter global supply dynamics and favorable pricing trends in the petrochemical sector.

LyondellBasell Posts Q1 Beat as Iran War Tightens Supply, Buoys Margins

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