secwatch.observer — SEC 8-K summary
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Issuer:     LyondellBasell Industries N.V. (LYB)
CIK:        0001489393
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001489393-23-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1489393/000148939323000023/0001489393-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1489393/000148939323000023/lyb-20230428.htm
  HTML page:      https://secwatch.observer/filing/0001489393-23-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer