LYB · 10-Q · 2026Q3 · Full report
Operating Income and Margins
LyondellBasell Industries N.V. · 2026-10-30 · Importance 64 · Surprise 56 · In source text
Operating income decreased $476 million, or 31%, sequentially in the third quarter of 2026, to $1,067 million from $1,543 million in the second quarter. O&P-Americas, O&P-EAI, Technology, and APS operating income declined by $534 million, $205 million, $45 million, and $44 million, respectively, while I&D increased by $346 million. O&P-Americas EBITDA decreased $542 million, or 46%, sequentially as softer prices and market conditions reduced margins. I&D EBITDA increased $343 million, or 91%, sequentially, as stronger gasoline crack spreads and the Bayport PO/TBA restart supported oxyfuels results.
Key facts
- Operating income decreased $476 million, or 31%, in the third quarter of 2026 versus the second quarter. source
- O&P-Americas EBITDA decreased $542 million, or 46%, in the third quarter of 2026 versus the second quarter and increased $1,169 million, or 119%, in the first nine months of 2026 versus 2025. source
- O&P-EAI EBITDA increased $458 million, or 106%, in the third quarter of 2026 versus the second quarter and decreased $79 million, or 22%, in the first nine months of 2026 versus 2025. source
- I&D EBITDA increased $343 million, or 91%, in the third quarter of 2026 versus the second quarter and $638 million, or 93%, in the first nine months of 2026 versus 2025. source
- APS EBITDA decreased $40 million, or 52%, in the third quarter of 2026 versus the second quarter and increased $840 million, or 126%, in the first nine months of 2026 versus 2025. source
- Third-quarter 2026 results from continuing operations increased versus the second quarter, which included a $734 million loss on disposition of select European assets and associated businesses. source
- Third-quarter 2026 operating income decreased by $534 million in O&P-Americas, $205 million in O&P-EAI, $45 million in Technology, and $44 million in APS; these declines were partly offset by a $346 million increase in I&D. source
- Operating income increased $3,181 million in the first nine months of 2026 versus the first nine months of 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +37.4% | Operating income increased $3,181 million in the first nine months of 2026 versus the first nine months of 2025. |
| operating_income | positive | realized | +13.8% | O&P-Americas EBITDA decreased $542 million, or 46%, in the third quarter of 2026 versus the second quarter and increased $1,169 million,… |
| operating_income | positive | realized | +9.9% | APS EBITDA decreased $40 million, or 52%, in the third quarter of 2026 versus the second quarter and increased $840 million, or 126%, in… |
| operating_income | positive | realized | +7.5% | I&D EBITDA increased $343 million, or 91%, in the third quarter of 2026 versus the second quarter and $638 million, or 93%, in the first… |
| operating_income | negative | realized | -6.4% | O&P-Americas EBITDA decreased $542 million, or 46%, in the third quarter of 2026 versus the second quarter and increased $1,169 million,… |
| operating_income | negative | realized | -5.6% | Operating income decreased $476 million, or 31%, in the third quarter of 2026 versus the second quarter. |
| operating_income | positive | realized | +5.4% | O&P-EAI EBITDA increased $458 million, or 106%, in the third quarter of 2026 versus the second quarter and decreased $79 million, or 22%,… |
| operating_income | positive | realized | +4.0% | I&D EBITDA increased $343 million, or 91%, in the third quarter of 2026 versus the second quarter and $638 million, or 93%, in the first… |
| operating_income | negative | realized | -2.4% | Third-quarter 2026 operating income decreased by $534 million in O&P-Americas, $205 million in O&P-EAI, $45 million in Technology, and $44… |
| operating_income | negative | realized | -0.9% | O&P-EAI EBITDA increased $458 million, or 106%, in the third quarter of 2026 versus the second quarter and decreased $79 million, or 22%,… |
| operating_income | negative | realized | -0.5% | Third-quarter 2026 operating income decreased by $534 million in O&P-Americas, $205 million in O&P-EAI, $45 million in Technology, and $44… |
| operating_income | negative | realized | -0.5% | Third-quarter 2026 operating income decreased by $534 million in O&P-Americas, $205 million in O&P-EAI, $45 million in Technology, and $44… |