HOUSTON and LONDON, Feb. 20, 2026 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE:LYB) today announced its board of directors has declared a quarterly dividend of $0.69 per share, representing a $0.68 per share reduction from the company's fourth quarter 2025 dividend. The dividend will be paid to shareholders on March 9, 2026, with an ex-dividend and record date of March 2, 2026.

"Despite one of the longest downturns in our industry, LYB was able to return approximately $2 billion to our shareholders from existing cash and operations in 2025. With markets expected to remain challenged, we have made the decision to recalibrate the dividend to better position the company to thrive once markets recover," said LYB CEO Peter Vanacker. "In 2026, we are prioritizing safety and reliability while driving additional cost reductions and finding new opportunities to enhance profitability. We remain committed to our target of returning 70% of free cash flow to shareholders through the cycle."

ABOUT LYONDELLBASELL

We are LyondellBasell (NYSE:LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.LyondellBasell.com or follow @LyondellBasell on LinkedIn.

FORWARD-LOOKING STATEMENTS

The statements in this release relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management of LyondellBasell which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual results could differ materially based on factors including, but not limited to, market conditions, including the prolonged industry downturn, the business cyclicality of the chemical and polymers industries; industry production capacities, operating rates, and the pace of global capacity rationalizations; the supply/demand balances for our and our joint ventures' products; the impacts of tariffs and trade disruptions; our ability to maintain our investment-grade credit balance sheet and execute our capital allocation strategy, including our ability to pay dividends; our ability to manage costs; future financial and operating results; our ability to successfully implement initiatives identified pursuant to our Value Enhancement Program and generate anticipated earnings; and our ability to reduce our fixed costs, working capital and capital expenditures and increase cash flow. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the "Risk Factors" section of our Form 10-K for the year ended December 31, 2024, which can be found at www.LyondellBasell.com on the Investors page and on the Securities and Exchange Commission's website at www.sec.gov. There is no assurance that any of the actions, events or results of the forward-looking statements will occur, or if any of them do, what impact they will have on our results of operations or financial condition. Forward-looking statements speak only as of the date they were made and are based on the estimates and opinions of management of LyondellBasell at the time the statements are made. LyondellBasell does not assume any obligation to update forward-looking statements should circumstances or management's estimates or opinions change, except as required by law.

Investor contact: David Kinney +1 713-309-7141

Media contact: Nick Facchin +1 713-309-4791

Nick Facchin
LyondellBasell
713-623-3643
nick.facchin@lyondellbasell.com

LyondellBasell recalibrates quarterly dividend