LyondellBasell Industries N.V. Files 2023 Annual Report on Form 10-K

TL;DR

<b>LyondellBasell Industries N.V. has submitted its comprehensive 2023 annual report (10-K) detailing financial performance and business operations.</b>

AI Summary

LyondellBasell Industries N.V. (LYB) filed a Annual Report (10-K) with the SEC on February 22, 2024. LyondellBasell Industries N.V. filed its 2023 Form 10-K on February 22, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business is in Industrial Organic Chemicals. The filing includes financial data for the fiscal years 2021, 2022, and 2023. Key financial statement items such as Revenue, Net Income, and EPS are expected to be detailed within the report.

Why It Matters

For investors and stakeholders tracking LyondellBasell Industries N.V., this filing contains several important signals. This 10-K filing provides investors with a detailed overview of LyondellBasell's financial health, operational performance, and strategic initiatives for the fiscal year 2023. The report is crucial for understanding the company's position within the Industrial Organic Chemicals sector and its outlook for future growth and potential risks.

Risk Assessment

Risk Level: medium — LyondellBasell Industries N.V. shows moderate risk based on this filing. The company operates in the cyclical Industrial Organic Chemicals sector, which is subject to fluctuations in demand and pricing, potentially impacting financial results.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to assess LyondellBasell's performance and future prospects.

Key Numbers

• 2023-12-31 — Fiscal Year End (The period covered by the 10-K filing.)
• 2024-02-22 — Filing Date (Date the 10-K was submitted to the SEC.)
• 001-34726 — SEC File Number (The SEC's file number for LyondellBasell Industries N.V.)

Key Players & Entities

• LyondellBasell Industries N.V. (company) — Filer of the 10-K report.
• 2023-12-31 (date) — Fiscal year end date covered by the report.
• 2024-02-22 (date) — Filing date of the 10-K.
• Industrial Organic Chemicals (industry) — Primary SIC code for the company.
• 713-309-7603 (phone) — Business phone number listed for the company.

FAQ

Industry Context

LyondellBasell operates within the Industrial Organic Chemicals sector, a segment of the broader chemical industry that produces essential building blocks for numerous downstream products.

Regulatory Implications

The company is subject to various regulatory requirements governing chemical manufacturing, environmental protection, and safety standards in the jurisdictions where it operates.

What Investors Should Do

1. Review the consolidated financial statements for revenue, net income, and EPS trends.
2. Analyze the Management's Discussion and Analysis for operational insights and strategic priorities.
3. Examine the Risk Factors section for potential challenges and mitigation strategies.

Key Dates

• 2024-02-22: 10-K Filing — Submission of the annual report for the fiscal year 2023.

Year-Over-Year Comparison

This filing represents the annual update for the fiscal year 2023, providing a comprehensive view of the company's financial position and performance compared to previous periods.

Key Financial Figures

• $91 — ed on the closing price on that date of $91.83, was $ 23.6 billion. For purposes of

Filing Documents

• lyb-20231231.htm (10-K) — 3897KB
• a2023q4exhibit109.htm (EX-10.9) — 105KB
• a2023q4exhibit1019.htm (EX-10.19) — 46KB
• a2023q4exhibit1020.htm (EX-10.20) — 58KB
• a2023q4exhibit21.htm (EX-21) — 160KB
• a2023q4exhibit23.htm (EX-23) — 2KB
• a2023q4exhibit311.htm (EX-31.1) — 10KB
• a2023q4exhibit312.htm (EX-31.2) — 9KB
• a2023q4exhibit32.htm (EX-32) — 5KB
• a2023q4exhibit971.htm (EX-97.1) — 38KB
• lyb-20231231_g1.jpg (GRAPHIC) — 198KB
• lyb-20231231_g2.jpg (GRAPHIC) — 107KB
• lyblogoa.jpg (GRAPHIC) — 3KB
• 0001489393-24-000012.txt (&nbsp;) — 23744KB
• lyb-20231231.xsd (EX-101.SCH) — 125KB
• lyb-20231231_cal.xml (EX-101.CAL) — 161KB
• lyb-20231231_def.xml (EX-101.DEF) — 897KB
• lyb-20231231_lab.xml (EX-101.LAB) — 1556KB
• lyb-20231231_pre.xml (EX-101.PRE) — 1215KB
• lyb-20231231_htm.xml (XML) — 4737KB

Risk Factors

Risk Factors 21 Item 1B. Unresolved Staff Comments 33 Item 1C . Cybersecurity 34 Item 3.

Legal Proceedings

Legal Proceedings 35 Item 4. Mine Safety Disclosures 36 PART II Item 5. Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities 37 Item 6. Reserved 38 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 39 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 58 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 60 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 133 Item 9A.

Controls and Procedures

Controls and Procedures 133 Item 9B. Other Information 133 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 133 PART III Item 10. Directors, Executive Officers and Corporate Governance 134 Item 11.

Executive Compensation

Executive Compensation 134 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters 134 Item 13. Certain Relationships and Related Transactions, and Director Independence 134 Item 14. Principal Accounting Fees and Services 134 PART IV Item 15. Exhibits, Financial Statement Schedules 135 Item 16. Form 10-K Summary 141

Signatures

Signatures 142 Table of Conte nts CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This report includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). You can identify our forward-looking statements by the words "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "potential," "predict," "should," "will," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target" and similar expressions. We based forward-looking statements on our current expectations, estimates and projections of our business and the industries in which we operate. We caution you that these statements are not guarantees of future performance. They involve assumptions about future events that, while made in good faith, may prove to be incorrect and involve risks and uncertainties we cannot predict. Our actual outcomes and results may differ materially from what we have expressed or forecast in the forward-looking statements. Any differences could result from a variety of factors, including the following: the cost of raw materials represents a substantial portion of our operating expenses and energy costs generally follow price trends of crude oil, natural gas liquids and/or natural gas; price volatility can significantly affect our results of operations and we may be unable to pass raw material and energy cost increases on to our customers due to the significant competition that we face, the commodity nature of our products and the time required to implement pricing changes; our operations in the United States ("U.S.") have benefited from low-cost natural gas and natural gas liquids; decreased availability of these materials (for example, from their export or regulations impacting hydraulic fracturing in

View Full Filing

View this 10-K filing on SEC EDGAR