LyondellBasell Industries (LYB) Risk Factor Changes

See Note 16 to the Consolidated Financial Statements for additional information regarding pensions and other post-retirement benefits.

Many of our current pension plans have projected benefit obligations that exceed the fair value of the plan assets.

In 2024, we and eight other industry defendants were named in a proposed class action in Kansas related to industry-wide claims about plastics recyclability.

We have set a 2030 circularity goal for producing and marketing recycled and renewable-based polymers annually by 2030.

We have set GHG emissions reduction goals for 2030 and aim to achieve net zero scope 1 and 2 GHG emissions by 2050.

There is concern globally with the accumulation of plastic, plastic additives, and microplastics in the environment, particularly in waterways and oceans.

Assessments under TSCA, REACH or similar programs or regulations in other state or national jurisdictions may result in heightened concerns about the chemicals we use or produce and may result in additional requiremen…

Although the U.S.

Jurisdictions in which we operate, including, in particular, the European Union (“EU”), have prepared national legislation and protection plans to implement their emission reduction commitments under the 2015 Paris Ag…

There has been a broad range of proposed or promulgated international, national and state laws focusing on GHG emission reduction and global climate change.

We are subject to extensive national, regional, state and local environmental laws, regulations, directives, rules and ordinances concerning pollution, protection of the environment, hazardous materials, health and sa…

Dispositions of assets or businesses involve risks, including difficulties in the separation of operations, services, products and personnel, the diversion of management's attention from other business concerns, the d…

We continually evaluate the performance and strategic fit of all of our businesses and evaluate whether our businesses would benefit from acquisitions to enhance growth or dispositions that would align our footprint w…

Delays or cost increases related to capital spending programs involving engineering, procurement and construction of facilities could materially adversely affect our ability to achieve forecasted internal rates of ret…

We require significant capital to operate our current business and fund our dividends, share repurchases, and growth strategy.

For some of our raw materials and utilities there are a limited number of suppliers, and in some cases, the supplies are specific to the particular geographic region in which a facility is located.

Our business operations are subject to the cyclical and volatile nature of the supply-demand balance in the chemical industry.

Any decision to permanently close facilities or exit a business may result in impairment and other charges to earnings.

Sustained unfavorable market conditions may also result in asset impairments.

We may need to further update our goals to address market changes.

Any decision to permanently close facilities or exit a business may result in impairment and other charges to earnings.

Sustained unfavorable market conditions may also result in asset impairments.

•regulatory limitations on operations;