secwatch.observer — SEC 8-K summary
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Issuer:     LyondellBasell Industries N.V. (LYB)
CIK:        0001489393
Form:       8-K
Filed at:   2022-01-28T23:59:59+00:00
Accession:  0001489393-22-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 2.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LyondellBasell reports record FY2021 EBITDA of $9.3B ex-items; $624M refinery impairment
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- FY2021 net income $5.6B ($16.75/share); adjusted net $6.1B ($18.19/share); record cash from ops $7.6B.
- Q4 net income $726M ($2.18/share); includes $624M non-cash impairment on Houston refinery (pre-tax).
- Reduced long-term debt by $4B in 2021; returned ~$2B to shareholders via dividends ($4.44/share) and buybacks.
- FY2021 EBITDA $8.7B; record $9.3B excluding LCM/impairment; O&P Americas and Technology segments posted record annual EBITDA.
- Outlook: expects continued demand strength; new CEO Peter Vanacker to join in H2 2022; no further debt reduction planned.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1489393/000148939322000003/0001489393-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1489393/000148939322000003/lyb-20220125.htm
  HTML page:      https://secwatch.observer/filing/0001489393-22-000003

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