LyondellBasell Navigates 'Most Challenging' Petrochemical Downturn, Leans on Cost Cuts and Cash Discipline
Facing what its CEO calls one of the industry's toughest cycles, LyondellBasell reported weathering 2025 through aggressive cost control and working capital management. The chemical giant outlined a path to generate an additional $1.3 billion in cash by end-2026, even as it prepares to divest European assets and scales back circular economy spending.