LYB · 10-Q · 2026Q3 · Full report

Impairment Charges

LyondellBasell Industries N.V. · 2026-10-30 · Importance 34 · Surprise 42

LyondellBasell recorded $89 million of impairment charges in the first nine months of 2026, including $74 million in the second quarter for a Houston plastic waste sorting facility in O&P-Americas. The company cited slower-than-anticipated U.S. circularity investment progress, including postponement of the final investment decision on MoReTec-2, as the primary reason for that impairment. First-nine-month 2025 impairment charges were $1,234 million, comprising $972 million of goodwill impairments and $262 million of other impairments, largely related to the European petrochemical and global automotive downturn. The 2025 charges primarily affected O&P-EAI and APS.

Key facts

• During the first nine months of 2025, the company recognized $1,234 million in impairment charges in O&P-EAI and APS, primarily related to a prolonged downturn and outlook for European petrochemicals and global automotive industries, together with a decline in market capitalization. source
• O&P-EAI first-nine-months 2026 EBITDA was reduced primarily by the $734 million European divestiture loss, partly offset by the comparison with a $400 million 2025 goodwill impairment. source
• APS recognized $782 million of impairment charges in the third quarter of 2025 related to a prolonged downturn and outlook for the global automotive industry; no similar charges were recognized in 2026. source
• First-nine-months 2025 impairment charges totaled $1,234 million, comprising $972 million of goodwill impairments and $262 million of other impairments. source
• The remaining first-nine-months 2026 impairment charges related to property, plant and equipment in O&P-EAI. source
• During the first nine months of 2026, the company recognized $89 million of impairment charges, including $74 million in the second quarter for a plastic waste sorting facility in Houston, Texas, within O&P-Americas. source