---
schema_version: "secwatch.filing_event.v1"
accession: "0001489393-24-000018"
form_type: "8-K"
ticker: "LYB"
cik: "0001489393"
company_name: "LyondellBasell Industries N.V."
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:23:34.559172+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LyondellBasell Q1 net income flat at $473M; adjusted EPS falls to $1.53 from $2.50

## Summary
- Net income $473M ($1.44 diluted EPS) vs Q1 2023 $474M ($1.44); adjusted EPS $1.53 vs $2.50.
- Sales $9.9B, down 3.1% YoY from $10.25B; EBITDA $1.0B ex-items $1.1B.
- Cash used by operating activities $114M in Q1; trailing 12-month ops cash $4.3B (93% conversion).
- Returned $408M to shareholders via dividends.
- Refinery exit costs of $36M pre-tax in Q1; impairments zero vs $252M a year ago.

## SEC filing metadata
- accession: 0001489393-24-000018
- form_type: 8-K
- ticker: LYB
- cik: 0001489393
- company_name: LyondellBasell Industries N.V.
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1489393/000148939324000018/0001489393-24-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1489393/000148939324000018/lyb-20240426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001489393-24-000018
- JSON: https://secwatch.observer/filing/0001489393-24-000018.json
- Plain text: https://secwatch.observer/filing/0001489393-24-000018.txt

## Key facts
- Earnings Releases
  LyondellBasell Industries N.V. reported the quarter ended March 31, 2024 results: revenue $9,925, net income $473 million, EPS $1.44 per share.
  - Period: the quarter ended March 31, 2024
  - Revenue: $9,925
  - Net income: $473 million
  - EPS: $1.44 per share
  - Result: reported results
  source text: NEWS RELEASE FOR IMMEDIATE RELEASE HOUSTON and LONDON, April 26, 2024 LyondellBasell Reports First Quarter 2024 Earnings First Quarter 2024 Highlights • Net Income: $473 million, $501 million excluding identified items (a) • Diluted earnings per share: $1.44 per share; $1.53 per share excluding identified items • EBITDA: $1.0 billion, $1.1 billion excluding identified items • Cash used by operating activities: $114 million • Cash provided by operating activities of $4.3 billion over last 12 months resulting in 93% cash conversion (b) • Returned $408 million in dividends to shareholders Comparisons with the prior quarter and first quarter 2023 are available in the following table: Table 1 - Earnings Summary Millions of U.S. dollars (except share data) Three Months Ended March 31, 2024 December 31, 2023 March 31, 2023 Sales and other operating revenues $9,925 $9,929 $10,247 Net income 473 185 474 Diluted earnings per share 1.44 0.56 1.44 Weighted average diluted share count 326 326 327 E
  evidence_url: https://www.sec.gov/Archives/edgar/data/1489393/000148939324000018/0001489393-24-000018-index.htm

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