Q2 2018

“LyondellBasell remains focused on delivering shareholder value with outstanding performance from our diverse
global business portfolio and the advancement of our growth initiatives during the second quarter. EBITDA
increased by 5% relative to the first quarter of 2018 with improvements in 3 of our 5 business segments. Both our
Intermediates and Derivatives segment and our Technology segment achieved record quarterly EBITDA. High operating rates enabled us to benefit from strong global demand and margin improvements. In the U.S., a tight market supported strong polyethylene margins despite the addition of new industry capacity. Additionally, our team at the Houston refinery continued to operate with high reliability and captured improved refining margins,”
said Bob Patel, LyondellBasell CEO.
“During the second quarter we reached significant milestones on our value-driven growth programs. In June, our
acquisition of A. Schulman was approved by their shareholders and several regulatory agencies. Additionally, we
entered into exclusive discussions with Odebrecht S.A. regarding a potential transaction with Braskem. Our
organic growth program continued to advance with our U.S. Gulf Coast capacity additions of polyethylene and
propylene oxide proceeding on schedule. We are also expanding our joint venture portfolio with a new plant in
South Korea which will add 400 kilotons of polypropylene capacity to serve rapidly-growing markets in Asia
utilizing LyondellBasells industry-leading Spheripol technology,” said Patel.

https://www.lyondellbasell.com/globalassets/investors/earnings-release/2018/q2/180802-q218-earnings-release.pdf?id=23751