LyondellBasell Industries N.V.
For the period ended Mar 31, 2026. Filed May 1, 2026.
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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.
Mar 31, 2026 · Filed May 1, 2026
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Inventories
- Inventories
Inventories consisted of the following components:
| Millions of dollars | March 31,2026 | December 31,2025 |
|---|---|---|
| Finished goods | $2,151 | $2,238 |
| Work-in-process | 95 | 69 |
| Raw materials and supplies | 1,389 | 1,226 |
| Total inventories | $3,635 | $3,533 |
During the first three 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 $0.61 per diluted share. This benefit is reflected in Income (loss) from discontinued operations, net of tax in the Consolidated Statements of Income. See Note 3 for additional information.
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