BlackRock Amends LyondellBasell Stake, Maintains Significant Holding

Ticker: LYB · Form: SC 13G/A · Filed: 2024-02-06T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

TL;DR

**BlackRock still owns a big chunk of LyondellBasell, signaling institutional confidence.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on February 6, 2024, indicating its ownership of LyondellBasell Industries N.V. Class A Common Stock as of December 31, 2023. This filing, Amendment No. 6, shows that BlackRock continues to be a significant institutional holder, which can signal stability to investors. For shareholders, this means a major institutional investor maintains its position, potentially reflecting confidence in LyondellBasell's long-term prospects.

Why It Matters

This filing confirms BlackRock, a major institutional investor, continues to hold a substantial position in LyondellBasell, which can be a vote of confidence for other investors.

Risk Assessment

Risk Level: low — This filing is routine and indicates a major institutional investor maintaining its position, posing minimal new risk.

Analyst Insight

Investors should note that BlackRock's continued significant ownership in LyondellBasell suggests institutional confidence, but this filing alone doesn't provide new bullish or bearish catalysts. It's a routine update confirming an existing major holder.

Key Players & Entities

FAQ

What type of filing is this and what does it signify?

This is an SC 13G/A filing, which is an amendment (indicated by 'A') to a Schedule 13G. It signifies that an institutional investor, in this case, BlackRock Inc., is updating its previously reported beneficial ownership of 5% or more of a company's stock, LyondellBasell Industries N.V., as of December 31, 2023.

Who is the reporting person in this filing?

The reporting person is BlackRock, Inc., a major asset management firm with a business address at 50 Hudson Yards, New York, NY.

What is the subject company of this filing?

The subject company, also known as the issuer, is LyondellBasell Industries N.V., an industrial organic chemicals company located at 1221 McKinney St, Suite 700, Houston, TX.

What is the specific class of securities reported in this filing?

The specific class of securities reported is 'Class A Common Stock' of LyondellBasell Industries N.V.

What is the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, indicating the ownership position being reported is as of the end of last year.

From the Filing

0001086364-24-006619.txt : 20240206 0001086364-24-006619.hdr.sgml : 20240206 20240206093635 ACCESSION NUMBER: 0001086364-24-006619 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240206 DATE AS OF CHANGE: 20240206 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LyondellBasell Industries N.V. CENTRAL INDEX KEY: 0001489393 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 980646235 STATE OF INCORPORATION: P7 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-85725 FILM NUMBER: 24598408 BUSINESS ADDRESS: STREET 1: 1221 MCKINNEY ST STREET 2: SUITE 700 CITY: HOUSTON STATE: TX ZIP: 77010 BUSINESS PHONE: 713-309-7603 MAIL ADDRESS: STREET 1: 1221 MCKINNEY ST STREET 2: SUITE 700 CITY: HOUSTON STATE: TX ZIP: 77010 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 nl0009434992_020524.txt nl0009434992_020524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 6) LYONDELLBASELL INDUSTRIES NV -------------------------------------------------------- (Name of Issuer) Class A Common Stock -------------------------------------------------------- (Title of Class of Securities) B3SPXZ3 -------------------------------------------------------- (SEDOL Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SEDOL No. B3SPXZ3 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 21714243 (6) Shared voting power 0 (7) Sole dispositive power 24051819 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 24051819 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.4% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- LYONDELLBASELL INDUSTRIES NV Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 4th Floor, One Vine Street London United Kingdom W1J0AH Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2

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