LYB

• Net income for Q2 2026 was $559 million, or $1.71 per diluted share; excluding identified items, net income was $1,401 million, or $4.30 per diluted share.
• EBITDA for Q2 2026 was $1,252 million, or $2,127 million excluding identified items.
• The company completed the divestiture of four European assets in Q2 2026, recording a pre-tax loss on sale of $734 million.
• LYB expects Q3 2026 operating rates of 85% for North American O&P assets, 70% for European O&P assets, and 85% for Intermediates & Derivatives assets.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The amendment extends the Receivables Facility term to June 25, 2027.
• The maximum amount available under the facility is reduced from $900 million to $700 million.
• The amendment updates the facility to align with the company's senior unsecured revolving credit facility; no other material terms changed.
• As of May 29, 2026, no trade receivables or letters of credit were outstanding under the facility.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits

• All 12 director nominees were elected, including Jacques Aigrain, Lincoln Benet, Robin Buchanan, Anthony Chase, Robert Dudley, Claire Farley, Rita Griffin, Michael Hanley, Virginia Kamsky, Bridget Karlin, Albert Manifold, and Peter Vanacker.
• Shareholders approved a new share repurchase program authorizing repurchase of up to 10% of issued share capital (34,042,250 shares) until November 22, 2027.
• PricewaterhouseCoopers N.V. was appointed as Dutch statutory auditor and PricewaterhouseCoopers LLP was ratified as independent registered public accounting firm for 2026.
• Advisory say-on-pay resolution for Named Executive Officers was approved with 257,609,478 votes for.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• Q1 2026 EBITDA was $568 million, or $615 million excluding identified items.
• The company completed the sale of select European olefins and polyolefins assets to AEQUITA on May 1, 2026.
• For Q2 2026, the company expects significant sequential improvement across almost all businesses, with North American O&P assets maximizing rates and European O&P assets at 80% rates.
• The company used $269 million in cash from operating activities in Q1 2026 and held $2.6 billion in cash and cash equivalents at quarter end.

2.02 Results of Operations and Financial Condition · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• Fourth-quarter 2025 net loss was $140 million, or $0.45 per diluted share, with EBITDA of $345 million ($417 million excluding identified items).
• Full-year 2025 EBITDA was $1.1 billion, or $2.5 billion excluding identified items.
• The company generated $2.3 billion of cash from operating activities and returned $2.0 billion to shareholders through dividends and share repurchases in 2025.
• The Cash Improvement Plan target was increased to $1.3 billion by year-end 2026, with an additional $500 million expected relative to 2025 actuals.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The notes are fully and unconditionally guaranteed by LyondellBasell Industries N.V.
• The offering was made under an existing shelf registration statement and a prospectus supplement dated November 10, 2025.
• The notes were issued under a base indenture dated October 10, 2019, as supplemented by a supplemental indenture dated May 17, 2023.
• The underwriting agreement was entered into on November 10, 2025, with Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and J.P. Morgan Securities LLC as representatives of the underwriters.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• The Seller exercised the Put Option on October 23, 2025, after the French consultation process was completed on October 15, 2025.
• Closing is subject to customary conditions, including regulatory approvals, additional employee consultations, and completion of the carve-out; expected to close in the first half of 2026.
• LyondellBasell reported a net loss of $890 million for Q3 2025, including $1,202 million in non-cash asset write-downs, and $330 million net income excluding identified items.
• The company returned $443 million to shareholders via dividends in Q3 2025 and held $1.8 billion in cash with $6.5 billion in available liquidity at quarter end.

1.01 Entry into a Material Definitive Agreement · 2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The amendment increases the Maximum Leverage Ratio under the credit agreement through 2027, unless the company elects to terminate such provisions earlier.
• In connection with the increase, LyondellBasell is subject to additional limitations, including restrictions on dividend increases and share repurchases (other than to offset dilution).
• The modification to the Maximum Leverage Ratio is also incorporated into the company's $900 million structured accounts receivable receivables facility originated in September 2012.
• The amendment is filed as Exhibit 10.1 to the Form 8-K.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits