LyondellBasell Industries N.V. (LYB) Presents at JPMorgan Industrials Conference 2026 Transcript

Jeffrey Zekauskas
JPMorgan Chase & Co, Research Division

Hi, good afternoon. I’m Jeff Zekauskas. I analyze chemicals for JPMorgan. It’s my pleasure this afternoon to introduce the management of Lyondell.

Representing Lyondell is Agustin Izquierdo, who’s the Chief Financial Officer. And I think he’s only been Chief Financial Officer through events, whether it’s Liberation Day, the conflict, the dividend cut. It’s just — he’s had an eventful year. He worked at BASF for 10 or 12 years from 2009 to 2022. He has both an Engineering degree and a degree in Actuarial Science. And on top of that, I think he went to the [ UFC ] Business School. So he’s a pretty sharp guy.

Accompanying Agustin is Dave Kinney, who’s in the audience, who’s retiring. And Dave has done a terrific job as the Head IR contact at Lyondell for years and continuing a tradition where Doug Pike, who is the previous IR Head, did a wonderful job. And next to him is the new IR contact, David Dennison. And so we look forward to working with him.

The format will be a fireside chat. And Agustin, would you like to begin with a few slides?

Agustin Izquierdo
Executive VP & CFO

Perfect. Yes. Thank you very much, Jeff, and thank you, everybody, for joining us. I’ll go over just a handful of slides that talk about our outlook, obviously, the existing conflict in the Middle East and how we are positioned to take advantage of that situation. And then we’ll open up for Q&A.

So as always, with the legal disclaimers, we’ll be