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On the Record · LyondellBasell Industries

LyondellBasell Industries acquisitions, on the record

The businesses LyondellBasell Industries bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Quality Circular Polymers ("QCP")
Word for word“In April 2023, we acquired the remaining 50% interest in QCP resulting in QCP becoming a wholly-owned subsidiary.” 10-K for 2023
acquisitionApril 2023—
Louisiana Integrated PolyEthylene JV LLC
Word for word“Under this arrangement, we acquired a 50 % ownership interest in an ethane cracker, a low-density and linear-low density polyethylene plant, and associated infrastructure.” 10-K for 2023
acquisition——
polypropylene manufacturing facility located in Australia
Word for word“In 2022, we recognized a $69 million non-cash impairment charge in conjunction with the sale of our polypropylene manufacturing facility located in Australia.” 10-K for 2023
divestiture2022—
National Petrochemical Industrial Company ("NATPET")
Word for word“In January 2024, we entered into an agreement to acquire a 35 % interest in Saudi Arabia-based National Petrochemical Industrial Company (“NATPET”) from Alujain Corporation for approximately $ 500 million.” 10-K for 2023
agreed acquisitionJanuary 2024approximately $ 500 million
Ethylene Oxide & Derivatives (EO&D) business and associated production facilities located in Bayport, Texas
Word for word“In the second quarter of 2024, we completed the sale of our Ethylene Oxide & Derivatives (“EO&D”) business and associated production facilities located in Bayport, Texas and recognized a pre-tax gain of $284 million.” 10-K for 2024
divestitureIn the second quarter of 2024—
Ethylene Oxide & Derivatives (EO&D) business
Word for word“In 2024, we sold our EO&D business for $689 million and invested approximately $500 million to acquire a 35% stake in the National Petrochemical Industrial Company (“NATPET”) joint venture.” 10-K for 2024
divestitureIn 2024$689 million
35 % interest in Saudi Arabia-based National Petrochemical Industrial Company (“NATPET”) from Alujain Corporation
Word for word“In May 2024, we acquired a 35 % interest in Saudi Arabia-based National Petrochemical Industrial Company (“NATPET”) from Alujain Corporation for approximately $ 500 million.” 10-K for 2024
acquisitionIn May 2024approximately $ 500 million
A. Schulman Inc.
Word for word“Goodwill —As of December 31, 2024, we had goodwill of $1,561 million, primarily relating to the acquisition of A. Schulman Inc. in 2018 and the tax effect of the differences between the tax and book basis of our assets and liabilities resulting from the revaluation of those assets and liabilities to fair value in connection with the Company’s emergence from bankruptcy and fresh-start accounting in 2010.” 10-K for 2024
acquisition2018—
35% interest in National Petrochemical Industrial Company
Word for word“Acquisition of Joint Venture Interest— In May 2024, we acquired a 35 % interest in Saudi Arabia-based National Petrochemical Industrial Company from Alujain Corporation for approximately $ 500 million.” 10-K for 2025
acquisitionIn May 2024approximately $ 500 million
select European olefins & polyolefins assets and the associated business
Word for word“The sites to be sold are located in Berre l’Etang (France), Münchsmünster (Germany), Carrington (United Kingdom), and Tarragona (Spain), and closing is expected in the second quarter of 2026.” 10-K for 2025
agreed divestiturethe second quarter of 2026—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Cash received from selling businessesGoodwill from acquisitions
2016-12-31$0——
2017-12-31$0——
2018-12-31$1.78 billion—$1.26 billion
2019-12-31$0——
2020-12-31$0——
2022-12-31—$15 million$6 million
2023-12-31—$0$31 million
2024-12-31—$689 million—
2025-12-31—$4 million—

Deal filings since 2016

Read from LyondellBasell Industries’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.