---
schema_version: "secwatch.filing_event.v1"
accession: "0001489393-23-000023"
form_type: "8-K"
ticker: "LYB"
cik: "0001489393"
company_name: "LyondellBasell Industries N.V."
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:23:35.753286+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# LyondellBasell Q1 ex-items EPS $2.50, 90% QoQ improvement; targets $6.3BN net income by 2027

## Summary
- Net income $474M ($1.44 diluted EPS); ex-items net income $822M ($2.50 EPS), up >90% vs Q4 2022.
- Sales $10.25B, down 22% YoY from $13.16B; EBITDA ex-items $1.45B.
- Returned $459M to shareholders via dividends and share repurchases in Q1.
- New strategy targets $6.3BN net income and $10BN normalized EBITDA by 2027.
- Started world's largest propylene oxide plant; achieved 70% of target for 50% renewable electricity by 2030.

## SEC filing metadata
- accession: 0001489393-23-000023
- form_type: 8-K
- ticker: LYB
- cik: 0001489393
- company_name: LyondellBasell Industries N.V.
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1489393/000148939323000023/0001489393-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1489393/000148939323000023/lyb-20230428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001489393-23-000023
- JSON: https://secwatch.observer/filing/0001489393-23-000023.json
- Plain text: https://secwatch.observer/filing/0001489393-23-000023.txt

## Key facts
- Earnings Releases
  LyondellBasell Industries N.V. reported financial results for the quarter ended March 31, 2023.
  - Period: the quarter ended March 31, 2023
  - Result: reported results
  source text: On April 28, 2023, LyondellBasell Industries N.V. announced earnings results for the quarter ended March 31, 2023 and provided a supplemental discussion of segment results. Copies of our earnings release and segment results are attached as Exhibit 99.1 and 99.2 respectively, and are incorporated into this Item 2.02 by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1489393/000148939323000023/0001489393-23-000023-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.