Lyondellbasell Industries NV

Q2 FY2026 EarningsQ2 FY2026 results showed a significant divergence: revenue of $9,177M missed the $9,286M consensus, while normalized EPS of $4.30 substantially beat the $3.42 expectation. The beat was primarily driven by lower-than-expected capital expenditures ($270M vs. $308M) and disciplined commercial execution in the O&P segments. Management provided Q3 utilization guidance of 85% for North American O&P, signaling continued agility despite fluid Middle East geopolitical conditions and planned maintenance at the Clinton facility.