LyondellBasell Industries N.V.
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 20, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Inventories
- Inventories
Inventories consisted of the following components at December 31:
| Millions of dollars | 2025 | 2024 |
|---|---|---|
| Finished goods | $2,238 | $3,014 |
| Work-in-process | 69 | 145 |
| Raw materials and supplies | 1,226 | 1,499 |
| Total inventories | $3,533 | $4,658 |
At December 31, 2025 and 2024, approximately 77% and 75%, respectively, of our inventories were valued using the LIFO method and the remaining inventories, consisting primarily of materials and supplies, were valued at the moving average cost method. The excess of the estimated net realizable value of our inventories over LIFO cost was approximately $495 million and $1,310 million at December 31, 2025 and 2024, respectively.
In 2025, inventory liquidations associated with our exit from the refinery business generated a LIFO benefit of $196 million, net of tax, or $0.60 per diluted share. This benefit is reflected in Income (loss) from discontinued operations, net of tax in the Consolidated Statements of Income (Loss).
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.