LyondellBasell Navigates 'Deepest Downturn' with Cost Cuts and Strategic Shifts Amid Trade Volatility
Facing what CEO Peter Vanacker calls the 'deepest and longest downturn' of his career, LyondellBasell reported Q1 2025 results while detailing a new $500 million cash improvement plan. The chemical giant is leaning into portfolio restructuring and its global supply network to weather trade policy uncertainty and weak demand.