LyondellBasell Posts Near‑Tripling Adjusted EBITDA as Supply Constraints Boost Margins

LyondellBasell Industries reported a sharp earnings recovery for the second quarter of 2026, with adjusted EBITDA climbing to about $2.13 billion – a 197% increase from the same quarter a year earlier. Sales rose roughly 20% to $9.18 billion, driven by tighter global polymer supply, higher pricing and near‑full utilization of its North American olefins and polyolefins assets. The company attributed the performance to geopolitical instability that limited feedstock availability abroad, allowing its U.S. facilities to capture stronger margins.

Analysts at BMO Capital Markets responded by raising their price target for LyondellBasell stock from $64.00 to $68.00 and maintaining a “market perform” rating. The consensus among analysts remains a “hold” rating with an average price target of $73.50, reflecting optimism about the company’s earnings momentum while noting broader market volatility.