LyondellBasell Full-Year Report 2023

Full Year 2023 Highlights
     Delivered resilient results amid bottoming markets

• Net Income: $2.1 billion, $2.8 billion excluding identified items
• Diluted earnings per share: $6.46 per share, $8.65 per share excluding identified items
• EBITDA: $4.5 billion, $5.2 billion excluding identified items
• Generated $4.9 billion in cash from operating activities
• Achieved 98% cash conversion

     Launched new strategy

• Three-pillar strategy to create a more profitable and sustainable growth engine for LYB
• Significant progress on the strategy in 2023
  • Successful start-up of world’s largest propylene oxide plant
  • Active management of portfolio through divestiture, capacity rationalization and investments
  • Unlocked more than $300 million net income and $400 million in recurring annual EBITDA through our Value Enhancement Program
  • Built foundation for a profitable Circular and Low-Carbon Solutions business