LyondellBasell rises on $1.3 bln cost savings plan

LyondellBasell Industries

30/01/2026 14:21

** Shares of petrochemicals manufacturer LyondellBasell LYB.N up 1.6% at $50.74 premarket

** LYB targets $1.3 billion in cost savings by 2026 as it continues to keep a tight lid on costs amid volatility in feedstock and energy prices

** Co expects to generate additional $500 million in cash flow this year

** Reports surprise Q4 loss of 26 cents per share vs analysts' estimate of profit of 13 cents - data compiled by LSEG

** LYB's Olefins & Polyolefins-Americas unit reported adjusted core profit of $164 million, down from $496 million last year

** In 2025, LYB shares slumped 41.7%

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))