LYB · 10-Q · 2026Q3 · Full report

Oxyfuels Demand and Margins

LyondellBasell Industries N.V. · 2026-10-30 · Importance 26 · Surprise 24 · In source text

Oxyfuels and related-products demand and margins remained strong, supported by stronger gasoline crack spreads. In the third quarter, higher volumes following the successful restart of the Bayport PO/TBA site contributed to improved results. Across the first nine months, higher crude and gasoline crack spreads supported improved margins for these products.

Key facts

• I&D third-quarter 2026 oxyfuels and related products increased EBITDA by 93%, driven equally by improved margins from stronger gasoline crack spreads and higher volumes following the Bayport PO/TBA restart after a second-quarter outage. source
• I&D first-nine-months 2026 revenue increased 21% from higher prices, primarily for oxyfuels and related products due to higher crude and gasoline crack spreads; unplanned-outage-related lower volumes reduced revenue by 9%, and favorable foreign exchange increased it by 1%. source
• In the first nine months of 2026, I&D margins improved primarily due to higher crude and gasoline crack spreads. source
• Oxyfuels margins and demand remained strong. source
• I&D results increased in the third quarter of 2026 as oxyfuels and related products improved; Bayport PO/TBA operated at full rates after its successful June 2026 restart, while global supply disruptions lifted gasoline crack spreads and octane values. source

Impact estimates