LyondellBasell posts $125M Q1 net income, boosts production amid Middle East war supply disruptions

LyondellBasell reported a net income of $125 million in Q1 2026, driven by increased production and favorable pricing amid supply disruptions caused by the Middle East war. The company leveraged cost-advantaged North American assets and optimized operations to offset higher raw material costs in Europe. It also completed the sale of four European sites to streamline its portfolio and improve financial resilience. Looking ahead, LyondellBasell expects stronger market conditions and margin expansion in Q2, supported by tighter supply and higher demand globally.