LyondellBasell Industries N.V.
For the period ended Jun 30, 2025. Filed Aug 1, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 1, 2025
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Inventories
- Inventories
Inventories consisted of the following components:
| Millions of dollars | June 30,2025 | December 31, 2024 |
|---|---|---|
| Finished goods | $2,963 | $3,014 |
| Work-in-process | 126 | 145 |
| Raw materials and supplies | 1,479 | 1,499 |
| Total inventories | $4,568 | $4,658 |
During the first six months of 2025, inventory liquidations associated with our exit from the refinery business generated a last-in, first-out (“LIFO”) benefit of $196 million, net of tax, or $0.60 per diluted share. This benefit is reflected in (Loss) income from discontinued operations, net of tax in the Consolidated Statements of Income. No material inventory liquidations were recognized during the three months ended June 30, 2025, or the six months ended June 30, 2024.
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