LyondellBasell Industries N.V.

LyondellBasell Industries N.V. is a global, independent chemical company incorporated under Dutch law on October 15, 2009. The company operates across the petrochemical value chain, converting large volumes of liquid and gaseous hydrocarbon feedstocks into plastic resins and other chemicals. Its chemical products serve as basic building blocks for other chemicals and plastics, while its plastic products are used in both large volumes and smaller specialty applications. Customers utilize these plastics and chemicals to produce a wide range of everyday products, such as food packaging, home furnishings, automotive components, paints, and coatings. LyondellBasell also develops and licenses chemical and polyolefin process technologies, and manufactures and sells polyolefin catalysts. The company's financial performance is affected by product supply and demand, feedstock and commodity product costs and availability, global and regional production capacity, operational efficiency, and cost control. As a large-volume producer of commodities, LyondellBasell focuses on safe, reliable, and low-cost operations. It purchases significant quantities of natural gas, electricity, and steam for energy, and natural gas liquids and crude oil derivatives as feedstocks. The lower cost of natural gas-derived raw materials in the U.S. compared to global crude oil-derived raw materials has positively impacted the profitability of its North American operations.