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Company Intelligence: LyondellBasell Industries

LyondellBasell Industries | Strategy and Financial Highlights Information from ICIS


Edited from: “A new global leader” LyondellBasell, “strategic fit presentation”


LyondellBasell key strategy includes:


(1) Long-term, strategic investor focused on building world scale, world class businesses; Jim Gallogly, chief executive officer (Source: LyondellBasell)

(2) Investment in business models which generate significant free cash flow;

(3) Successful Middle East and Asian joint venture strategy;

(4) Partner with strong, proven management teams;

(5) Provide strategic direction and capital for long-term growth; and

(6) A stable private capital base that provides strategic advantages versus more constrained pools of

     capital, like private equity funds or public markets.


It will also focus on the following themes:


(1) Value chain integration;

(2) Participate in petrochemicals from refining through to specialised end uses;

(3) Extract value from optimisation across fuels, chemicals and polymers; and

(4) Upgrade cost-advantaged feedstocks using superior refinery and cracker flexibility.


Operational excellence


(1) Drive personal and process safety;

(2) Achieve continuous cost and reliability improvement;

(3) Optimise manufacturing footprint; and

(4) Realise operational synergies.


Customer and market focus


(1) Add value by using optimal channels to market and providing customised service levels; and

(2) Strengthen the differentiated business.


Technological leadership


(1) Continue technology licensing leadership and increase share of specialities;

(2) Be the partner of choice for new projects in attractive markets and geographies; and

(3) Continue to invest in R&D to develop innovative technologies and enhance product portfolio. 


Please also see INSIGHT: LyondellBasell PP closure reflects market realities on ICIS news.


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Financial highlights: LyondellBasell, year ended 31 December







Sales ($ m)





Operating Profit ($ m)





Net Profit ($ m)





Number of Employees






Results for 2010 represent the combined predecessor (1 Jan 2010 – 30 April 2010) and successor (1 May 2010 – 31 Dec. 2010) periods. The predecessor and successor periods are not necessarily comparable.


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LyondellBasell Industries Company Structure

LyondellBasell claims to be one of the world’s largest polymers, petrochemicals and fuels companies and a global leader in polyolefins technology, production and marketing; a pioneer in propylene oxide (PO) and derivatives; and a significant producer of fuels and refined products, including biofuels. On 20 December 2007, Lyondell and Basell completed its $19.4bn (Euro13.6bn) merger, forming LyondellBasell Industries.
More about LyondellBasell Industries Structure


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