LyondellBasell stock trades at USD 58.28 as Q2 margins expand

Published on 09/29/2026 at 06:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LyondellBasell stock delivered USD 9.18 billion in second quarter revenue, up 19.8 percent year over year. Adjusted EPS reached USD 4.30 against a USD 3.44 consensus estimate.

Petrochemieanlage bei Sonnenuntergang, Illustration zu LyondellBasell (NL0009434992) — Fotorealistische Ansicht einer Petrochemieanlage bei Dämmerung symbolisiert LyondellBasell mit ISIN NL0009434992 Investment, Illustration mit AI erstellt.

LyondellBasell stock (ISIN NL0009434992) was last at USD 58.28 on the NYSE on September 28, 2026 at 3:59 p.m. ET, up USD 0.14 or 0.24 percent from USD 58.14. The latest quarterly figures show why margins are central to the investment case, while UBS has taken a more cautious view on valuation.

Second quarter earnings improved

LyondellBasell reported USD 9.18 billion in second quarter 2026 revenue, up 19.8 percent from the prior-year quarter, while adjusted earnings per share reached USD 4.30 against a USD 3.44 consensus estimate, according to MarketBeat on September 25, 2026.

The company reported GAAP net income of USD 572.0 million and diluted EPS of USD 1.71 for Q2 2026. Its operating margin was 17.0 percent, compared with 3.0 percent in Q1 2026, based on the latest quarterly financial statements.

Margin recovery meets supply risk

In its second quarter earnings call, Benzinga reported that LyondellBasell posted a 23 percent EBITDA margin and USD 2.1 billion of adjusted EBITDA in the second quarter. The company also generated USD 752.0 million of operating cash flow during the period.

The improvement came with a risk. Management described Middle East supply disruptions as a major driver of petrochemical pricing and said market normalization could take quarters rather than months. That makes the margin recovery financially important but also sensitive to supply restoration and inventory rebuilding.

UBS lowers its target

UBS cut its LyondellBasell price target from USD 64.00 to USD 62.00 while maintaining a Neutral rating in a report dated September 25, 2026, according to MarketBeat. The same report cited a consensus Hold rating and an average target of USD 72.29, leaving a wide gap between current trading levels and the broader analyst average.

Stock remains below yearly high

LyondellBasell was last at USD 58.28 on the NYSE on September 28, 2026 at 3:59 p.m. ET, with volume of 3,175,874 shares. The stock remained 30.57 percent below its 52-week high of USD 83.94 and above its 52-week low of USD 41.58, while market capitalization stood at USD 18.8 billion.