LyondellBasell Industries N.V. (LYB) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that LyondellBasell Industries N.V. surfaced in its latest filing.

• We have a $3,750 million revolving credit facility backing our commercial paper program. As of December 31, 2025, we had no borrowings or letters of credit outstanding under the facility and no borrowings outstanding under our commercial paper program, leaving $3,750 million unused.December 31, 2025
• We have a $900 million U.S. Receivables Facility, with no borrowings or letters of credit outstanding and $900 million available as of December 31, 2025.December 31, 2025
• In Q3 2025, a prolonged downturn in the European petrochemical and global automotive industries combined with a sustained decline in market capitalization resulted in non-cash impairment charges of $1,182 million in Goodwill impairments and Other impairments.Q3 2025
• In March 2025, the permanent closure of the PO/SM production unit at the Maasvlakte site in the Netherlands, a joint venture with Covestro, resulted in $126 million in shutdown costs.March 2025
• In 2025, we agreed to sell certain European olefins and polyolefins assets and the associated business, with sites in Berre l'Etang (France), Münchsmünster (Germany), Carrington (United Kingdom), and Tarragona (Spain). Closing is expected in the second quarter of 2026.2025
• In 2025, deferred construction on Flex-2 project in Channelview to preserve capital during market downturn.2025
• In 2024, we and eight other industry defendants were named in a proposed class action in Kansas related to industry-wide claims about plastics recyclability, with causes of action including public nuisance, antitrust, unfair competition, consumer protection, and unjust enrichment.2024
• In 2024, we began construction on our first industrial-scale chemical recycling plant at our site in Wesseling, Germany, which utilizes our proprietary MoReTec technology.2024
• Many pension plans have projected benefit obligations exceeding plan assets, with an aggregate deficit of $863 million as of December 31, 2025.December 31, 2025
• A November 2024 Dutch court decision held Royal Dutch Shell had an obligation to combat climate change.November 2024
• European Union adopted the Single Use Plastics Directive in 2019, introducing bans, product design requirements, extended producer responsibility obligations, and labeling requirements.2019
• European Union adopted the Packaging and Packaging Waste Regulation to replace the Packaging and Packaging Waste Directive.
• United Nations Environment Program oversaw development of a new international legally binding instrument on plastic pollution, with negotiations ending in 2025 without agreement.2025
• The European Union Artificial Intelligence Act adds to the uncertainty and complexity of AI regulatory compliance.