Analysis of Reportable Segments
LyondellBasell Industries N.V. operates in 6 segments: Olefins and Polyolefins–Americas (O&P–Americas); Olefins and Polyolefins–Europe, Asia, International (O&P–EAI); Intermediates and Derivatives (I&D); Advanced Polymer Solutions (APS); Refining; and Technology.
Segment Profit Margin
LyondellBasell Industries N.V., profit margin by reportable segment
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Olefins and Polyolefins–Americas (O&P–Americas) | 26.54% | 28.98% | 31.97% | 36.74% | 28.04% |
| Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) | 10.73% | 18.86% | 19.83% | 15.77% | 8.99% |
| Intermediates and Derivatives (I&D) | 20.97% | 17.59% | 18.45% | 18.98% | 14.40% |
| Advanced Polymer Solutions (APS) | 9.94% | 14.99% | 16.42% | — | — |
| Refining | 1.82% | 2.29% | 1.40% | 5.22% | 0.56% |
| Technology | 56.26% | 49.56% | 54.70% | 52.26% | 46.68% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Olefins and Polyolefins–Americas (O&P–Americas) | Olefins and Polyolefins–Americas (O&P–Americas) segment profit margin ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
| Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) | Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) segment profit margin ratio deteriorated from 2016 to 2017 and from 2017 to 2018. | |
| Intermediates and Derivatives (I&D) | Intermediates and Derivatives (I&D) segment profit margin ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. | |
| Advanced Polymer Solutions (APS) | Advanced Polymer Solutions (APS) segment profit margin ratio deteriorated from 2016 to 2017 and from 2017 to 2018. | |
| Refining | Refining segment profit margin ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level. | |
| Technology | Technology segment profit margin ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
Segment Profit Margin: Olefins and Polyolefins–Americas (O&P–Americas)
LyondellBasell Industries N.V.; Olefins and Polyolefins–Americas (O&P–Americas); segment profit margin calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| EBITDA | 2,762) | 2,899) | 2,788) | 3,661) | 3,911) |
| Sales and other operating revenues | 10,408) | 10,004) | 8,722) | 9,964) | 13,948) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 26.54% | 28.98% | 31.97% | 36.74% | 28.04% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment profit margin = 100 × EBITDA ÷ Sales and other operating revenues
= 100 × 2,762 ÷ 10,408 = 26.54%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Olefins and Polyolefins–Americas (O&P–Americas) | Olefins and Polyolefins–Americas (O&P–Americas) segment profit margin ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
Segment Profit Margin: Olefins and Polyolefins–Europe, Asia, International (O&P–EAI)
LyondellBasell Industries N.V.; Olefins and Polyolefins–Europe, Asia, International (O&P–EAI); segment profit margin calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| EBITDA | 1,163) | 1,927) | 1,729) | 1,825) | 1,366) |
| Sales and other operating revenues | 10,838) | 10,218) | 8,718) | 11,576) | 15,203) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 10.73% | 18.86% | 19.83% | 15.77% | 8.99% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment profit margin = 100 × EBITDA ÷ Sales and other operating revenues
= 100 × 1,163 ÷ 10,838 = 10.73%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) | Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) segment profit margin ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
Segment Profit Margin: Intermediates and Derivatives (I&D)
LyondellBasell Industries N.V.; Intermediates and Derivatives (I&D); segment profit margin calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| EBITDA | 2,011) | 1,490) | 1,333) | 1,475) | 1,459) |
| Sales and other operating revenues | 9,588) | 8,472) | 7,226) | 7,772) | 10,130) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 20.97% | 17.59% | 18.45% | 18.98% | 14.40% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment profit margin = 100 × EBITDA ÷ Sales and other operating revenues
= 100 × 2,011 ÷ 9,588 = 20.97%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Intermediates and Derivatives (I&D) | Intermediates and Derivatives (I&D) segment profit margin ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
Segment Profit Margin: Advanced Polymer Solutions (APS)
LyondellBasell Industries N.V.; Advanced Polymer Solutions (APS); segment profit margin calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| EBITDA | 400) | 438) | 427) | —) | —) |
| Sales and other operating revenues | 4,024) | 2,922) | 2,601) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 9.94% | 14.99% | 16.42% | — | — |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment profit margin = 100 × EBITDA ÷ Sales and other operating revenues
= 100 × 400 ÷ 4,024 = 9.94%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Advanced Polymer Solutions (APS) | Advanced Polymer Solutions (APS) segment profit margin ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
Segment Profit Margin: Refining
LyondellBasell Industries N.V.; Refining; segment profit margin calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| EBITDA | 167) | 157) | 72) | 342) | 65) |
| Sales and other operating revenues | 9,157) | 6,848) | 5,135) | 6,557) | 11,710) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 1.82% | 2.29% | 1.40% | 5.22% | 0.56% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment profit margin = 100 × EBITDA ÷ Sales and other operating revenues
= 100 × 167 ÷ 9,157 = 1.82%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Refining | Refining segment profit margin ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level. |
Segment Profit Margin: Technology
LyondellBasell Industries N.V.; Technology; segment profit margin calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| EBITDA | 328) | 223) | 262) | 243) | 232) |
| Sales and other operating revenues | 583) | 450) | 479) | 465) | 497) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 56.26% | 49.56% | 54.70% | 52.26% | 46.68% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment profit margin = 100 × EBITDA ÷ Sales and other operating revenues
= 100 × 328 ÷ 583 = 56.26%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Technology | Technology segment profit margin ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
Segment Return on Assets (Segment ROA)
LyondellBasell Industries N.V., ROA by reportable segment
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Olefins and Polyolefins–Americas (O&P–Americas) | 47.88% | 57.69% | 59.47% | 100.03% | 119.97% |
| Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) | 66.65% | 107.41% | 91.92% | 97.02% | 64.99% |
| Intermediates and Derivatives (I&D) | 75.52% | 60.64% | 58.26% | 65.56% | 68.79% |
| Advanced Polymer Solutions (APS) | 48.90% | 125.14% | — | — | — |
| Refining | 13.73% | 13.89% | 6.75% | 34.44% | 6.27% |
| Technology | 123.31% | 92.53% | 123.00% | 117.39% | 97.89% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Olefins and Polyolefins–Americas (O&P–Americas) | Olefins and Polyolefins–Americas (O&P–Americas) segment ROA deteriorated from 2016 to 2017 and from 2017 to 2018. |
| Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) | Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) segment ROA improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. | |
| Intermediates and Derivatives (I&D) | Intermediates and Derivatives (I&D) segment ROA improved from 2016 to 2017 and from 2017 to 2018. | |
| Advanced Polymer Solutions (APS) | Advanced Polymer Solutions (APS) segment ROA improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level. | |
| Refining | Refining segment ROA improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018. | |
| Technology | Technology segment ROA deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
Segment ROA: Olefins and Polyolefins–Americas (O&P–Americas)
LyondellBasell Industries N.V.; Olefins and Polyolefins–Americas (O&P–Americas); segment ROA calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| EBITDA | 2,762) | 2,899) | 2,788) | 3,661) | 3,911) |
| Property, plant and equipment, net | 5,769) | 5,025) | 4,688) | 3,660) | 3,260) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 47.88% | 57.69% | 59.47% | 100.03% | 119.97% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment ROA = 100 × EBITDA ÷ Property, plant and equipment, net
= 100 × 2,762 ÷ 5,769 = 47.88%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Olefins and Polyolefins–Americas (O&P–Americas) | Olefins and Polyolefins–Americas (O&P–Americas) segment ROA deteriorated from 2016 to 2017 and from 2017 to 2018. |
Segment ROA: Olefins and Polyolefins–Europe, Asia, International (O&P–EAI)
LyondellBasell Industries N.V.; Olefins and Polyolefins–Europe, Asia, International (O&P–EAI); segment ROA calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| EBITDA | 1,163) | 1,927) | 1,729) | 1,825) | 1,366) |
| Property, plant and equipment, net | 1,745) | 1,794) | 1,881) | 1,881) | 2,102) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 66.65% | 107.41% | 91.92% | 97.02% | 64.99% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment ROA = 100 × EBITDA ÷ Property, plant and equipment, net
= 100 × 1,163 ÷ 1,745 = 66.65%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) | Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) segment ROA improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
Segment ROA: Intermediates and Derivatives (I&D)
LyondellBasell Industries N.V.; Intermediates and Derivatives (I&D); segment ROA calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| EBITDA | 2,011) | 1,490) | 1,333) | 1,475) | 1,459) |
| Property, plant and equipment, net | 2,663) | 2,457) | 2,288) | 2,250) | 2,121) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 75.52% | 60.64% | 58.26% | 65.56% | 68.79% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment ROA = 100 × EBITDA ÷ Property, plant and equipment, net
= 100 × 2,011 ÷ 2,663 = 75.52%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Intermediates and Derivatives (I&D) | Intermediates and Derivatives (I&D) segment ROA improved from 2016 to 2017 and from 2017 to 2018. |
Segment ROA: Advanced Polymer Solutions (APS)
LyondellBasell Industries N.V.; Advanced Polymer Solutions (APS); segment ROA calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| EBITDA | 400) | 438) | 427) | —) | —) |
| Property, plant and equipment, net | 818) | 350) | —) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 48.90% | 125.14% | — | — | — |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment ROA = 100 × EBITDA ÷ Property, plant and equipment, net
= 100 × 400 ÷ 818 = 48.90%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Advanced Polymer Solutions (APS) | Advanced Polymer Solutions (APS) segment ROA improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level. |
Segment ROA: Refining
LyondellBasell Industries N.V.; Refining; segment ROA calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| EBITDA | 167) | 157) | 72) | 342) | 65) |
| Property, plant and equipment, net | 1,216) | 1,130) | 1,067) | 993) | 1,036) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 13.73% | 13.89% | 6.75% | 34.44% | 6.27% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment ROA = 100 × EBITDA ÷ Property, plant and equipment, net
= 100 × 167 ÷ 1,216 = 13.73%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Refining | Refining segment ROA improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018. |
Segment ROA: Technology
LyondellBasell Industries N.V.; Technology; segment ROA calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| EBITDA | 328) | 223) | 262) | 243) | 232) |
| Property, plant and equipment, net | 266) | 241) | 213) | 207) | 237) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 123.31% | 92.53% | 123.00% | 117.39% | 97.89% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment ROA = 100 × EBITDA ÷ Property, plant and equipment, net
= 100 × 328 ÷ 266 = 123.31%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Technology | Technology segment ROA deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
Segment Asset Turnover
LyondellBasell Industries N.V., asset turnover by reportable segment
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Olefins and Polyolefins–Americas (O&P–Americas) | 1.80 | 1.99 | 1.86 | 2.72 | 4.28 |
| Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) | 6.21 | 5.70 | 4.63 | 6.15 | 7.23 |
| Intermediates and Derivatives (I&D) | 3.60 | 3.45 | 3.16 | 3.45 | 4.78 |
| Advanced Polymer Solutions (APS) | 4.92 | 8.35 | — | — | — |
| Refining | 7.53 | 6.06 | 4.81 | 6.60 | 11.30 |
| Technology | 2.19 | 1.87 | 2.25 | 2.25 | 2.10 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Olefins and Polyolefins–Americas (O&P–Americas) | Olefins and Polyolefins–Americas (O&P–Americas) segment asset turnover ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
| Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) | Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) segment asset turnover ratio improved from 2016 to 2017 and from 2017 to 2018. | |
| Intermediates and Derivatives (I&D) | Intermediates and Derivatives (I&D) segment asset turnover ratio improved from 2016 to 2017 and from 2017 to 2018. | |
| Advanced Polymer Solutions (APS) | Advanced Polymer Solutions (APS) segment asset turnover ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018. | |
| Refining | Refining segment asset turnover ratio improved from 2016 to 2017 and from 2017 to 2018. | |
| Technology | Technology segment asset turnover ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level. |
Segment Asset Turnover: Olefins and Polyolefins–Americas (O&P–Americas)
LyondellBasell Industries N.V.; Olefins and Polyolefins–Americas (O&P–Americas); segment asset turnover calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 10,408) | 10,004) | 8,722) | 9,964) | 13,948) |
| Property, plant and equipment, net | 5,769) | 5,025) | 4,688) | 3,660) | 3,260) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.80 | 1.99 | 1.86 | 2.72 | 4.28 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment asset turnover = Sales and other operating revenues ÷ Property, plant and equipment, net
= 10,408 ÷ 5,769 = 1.80
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Olefins and Polyolefins–Americas (O&P–Americas) | Olefins and Polyolefins–Americas (O&P–Americas) segment asset turnover ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
Segment Asset Turnover: Olefins and Polyolefins–Europe, Asia, International (O&P–EAI)
LyondellBasell Industries N.V.; Olefins and Polyolefins–Europe, Asia, International (O&P–EAI); segment asset turnover calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 10,838) | 10,218) | 8,718) | 11,576) | 15,203) |
| Property, plant and equipment, net | 1,745) | 1,794) | 1,881) | 1,881) | 2,102) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 6.21 | 5.70 | 4.63 | 6.15 | 7.23 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment asset turnover = Sales and other operating revenues ÷ Property, plant and equipment, net
= 10,838 ÷ 1,745 = 6.21
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) | Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) segment asset turnover ratio improved from 2016 to 2017 and from 2017 to 2018. |
Segment Asset Turnover: Intermediates and Derivatives (I&D)
LyondellBasell Industries N.V.; Intermediates and Derivatives (I&D); segment asset turnover calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 9,588) | 8,472) | 7,226) | 7,772) | 10,130) |
| Property, plant and equipment, net | 2,663) | 2,457) | 2,288) | 2,250) | 2,121) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 3.60 | 3.45 | 3.16 | 3.45 | 4.78 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment asset turnover = Sales and other operating revenues ÷ Property, plant and equipment, net
= 9,588 ÷ 2,663 = 3.60
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Intermediates and Derivatives (I&D) | Intermediates and Derivatives (I&D) segment asset turnover ratio improved from 2016 to 2017 and from 2017 to 2018. |
Segment Asset Turnover: Advanced Polymer Solutions (APS)
LyondellBasell Industries N.V.; Advanced Polymer Solutions (APS); segment asset turnover calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 4,024) | 2,922) | 2,601) | —) | —) |
| Property, plant and equipment, net | 818) | 350) | —) | —) | —) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 4.92 | 8.35 | — | — | — |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment asset turnover = Sales and other operating revenues ÷ Property, plant and equipment, net
= 4,024 ÷ 818 = 4.92
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Advanced Polymer Solutions (APS) | Advanced Polymer Solutions (APS) segment asset turnover ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018. |
Segment Asset Turnover: Refining
LyondellBasell Industries N.V.; Refining; segment asset turnover calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 9,157) | 6,848) | 5,135) | 6,557) | 11,710) |
| Property, plant and equipment, net | 1,216) | 1,130) | 1,067) | 993) | 1,036) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 7.53 | 6.06 | 4.81 | 6.60 | 11.30 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment asset turnover = Sales and other operating revenues ÷ Property, plant and equipment, net
= 9,157 ÷ 1,216 = 7.53
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Refining | Refining segment asset turnover ratio improved from 2016 to 2017 and from 2017 to 2018. |
Segment Asset Turnover: Technology
LyondellBasell Industries N.V.; Technology; segment asset turnover calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 583) | 450) | 479) | 465) | 497) |
| Property, plant and equipment, net | 266) | 241) | 213) | 207) | 237) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 2.19 | 1.87 | 2.25 | 2.25 | 2.10 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment asset turnover = Sales and other operating revenues ÷ Property, plant and equipment, net
= 583 ÷ 266 = 2.19
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Technology | Technology segment asset turnover ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level. |
Segment Capital Expenditures to Depreciation
LyondellBasell Industries N.V., capital expenditures to depreciation by reportable segment
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Olefins and Polyolefins–Americas (O&P–Americas) | 2.44 | 1.71 | 3.82 | 1.89 | 2.89 |
| Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) | 1.19 | 0.78 | 1.14 | 0.85 | 0.77 |
| Intermediates and Derivatives (I&D) | 1.43 | 1.19 | 1.24 | 1.89 | 1.07 |
| Advanced Polymer Solutions (APS) | 0.90 | 1.57 | 1.23 | — | — |
| Refining | 1.30 | 1.20 | 1.37 | 0.55 | 0.73 |
| Technology | 1.12 | 0.80 | 0.88 | 0.52 | 0.41 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Olefins and Polyolefins–Americas (O&P–Americas) | Olefins and Polyolefins–Americas (O&P–Americas) segment capital expenditures to depreciation ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018. |
| Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) | Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) segment capital expenditures to depreciation ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. | |
| Intermediates and Derivatives (I&D) | Intermediates and Derivatives (I&D) segment capital expenditures to depreciation ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. | |
| Advanced Polymer Solutions (APS) | Advanced Polymer Solutions (APS) segment capital expenditures to depreciation ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. | |
| Refining | Refining segment capital expenditures to depreciation ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level. | |
| Technology | Technology segment capital expenditures to depreciation ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
Segment Capital Expenditures to Depreciation: Olefins and Polyolefins–Americas (O&P–Americas)
LyondellBasell Industries N.V.; Olefins and Polyolefins–Americas (O&P–Americas); segment capital expenditures to depreciation calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 1,079) | 741) | 1,370) | 668) | 912) |
| Depreciation and amortization expense | 442) | 433) | 359) | 353) | 316) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 2.44 | 1.71 | 3.82 | 1.89 | 2.89 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization expense
= 1,079 ÷ 442 = 2.44
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Olefins and Polyolefins–Americas (O&P–Americas) | Olefins and Polyolefins–Americas (O&P–Americas) segment capital expenditures to depreciation ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018. |
Segment Capital Expenditures to Depreciation: Olefins and Polyolefins–Europe, Asia, International (O&P–EAI)
LyondellBasell Industries N.V.; Olefins and Polyolefins–Europe, Asia, International (O&P–EAI); segment capital expenditures to depreciation calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 248) | 163) | 229) | 186) | 191) |
| Depreciation and amortization expense | 208) | 210) | 201) | 219) | 248) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.19 | 0.78 | 1.14 | 0.85 | 0.77 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization expense
= 248 ÷ 208 = 1.19
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) | Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) segment capital expenditures to depreciation ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
Segment Capital Expenditures to Depreciation: Intermediates and Derivatives (I&D)
LyondellBasell Industries N.V.; Intermediates and Derivatives (I&D); segment capital expenditures to depreciation calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 409) | 332) | 333) | 441) | 241) |
| Depreciation and amortization expense | 287) | 279) | 269) | 233) | 225) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.43 | 1.19 | 1.24 | 1.89 | 1.07 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization expense
= 409 ÷ 287 = 1.43
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Intermediates and Derivatives (I&D) | Intermediates and Derivatives (I&D) segment capital expenditures to depreciation ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
Segment Capital Expenditures to Depreciation: Advanced Polymer Solutions (APS)
LyondellBasell Industries N.V.; Advanced Polymer Solutions (APS); segment capital expenditures to depreciation calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 62) | 55) | 38) | —) | —) |
| Depreciation and amortization expense | 69) | 35) | 31) | —) | —) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.90 | 1.57 | 1.23 | — | — |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization expense
= 62 ÷ 69 = 0.90
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Advanced Polymer Solutions (APS) | Advanced Polymer Solutions (APS) segment capital expenditures to depreciation ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
Segment Capital Expenditures to Depreciation: Refining
LyondellBasell Industries N.V.; Refining; segment capital expenditures to depreciation calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 250) | 213) | 224) | 108) | 123) |
| Depreciation and amortization expense | 192) | 177) | 163) | 196) | 169) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.30 | 1.20 | 1.37 | 0.55 | 0.73 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization expense
= 250 ÷ 192 = 1.30
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Refining | Refining segment capital expenditures to depreciation ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level. |
Segment Capital Expenditures to Depreciation: Technology
LyondellBasell Industries N.V.; Technology; segment capital expenditures to depreciation calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 48) | 32) | 36) | 24) | 25) |
| Depreciation and amortization expense | 43) | 40) | 41) | 46) | 61) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.12 | 0.80 | 0.88 | 0.52 | 0.41 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 2018 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization expense
= 48 ÷ 43 = 1.12
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Technology | Technology segment capital expenditures to depreciation ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
Sales and other operating revenues
LyondellBasell Industries N.V., sales and other operating revenues by reportable segment
US$ in millions
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Olefins and Polyolefins–Americas (O&P–Americas) | 10,408) | 10,004) | 8,722) | 9,964) | 13,948) |
| Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) | 10,838) | 10,218) | 8,718) | 11,576) | 15,203) |
| Intermediates and Derivatives (I&D) | 9,588) | 8,472) | 7,226) | 7,772) | 10,130) |
| Advanced Polymer Solutions (APS) | 4,024) | 2,922) | 2,601) | —) | —) |
| Refining | 9,157) | 6,848) | 5,135) | 6,557) | 11,710) |
| Technology | 583) | 450) | 479) | 465) | 497) |
| Other | (5,594) | (4,430) | (3,698) | (3,599) | (5,880) |
| Total | 39,004) | 34,484) | 29,183) | 32,735) | 45,608) |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
Depreciation and amortization expense
LyondellBasell Industries N.V., depreciation and amortization expense by reportable segment
US$ in millions
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Olefins and Polyolefins–Americas (O&P–Americas) | 442) | 433) | 359) | 353) | 316) |
| Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) | 208) | 210) | 201) | 219) | 248) |
| Intermediates and Derivatives (I&D) | 287) | 279) | 269) | 233) | 225) |
| Advanced Polymer Solutions (APS) | 69) | 35) | 31) | —) | —) |
| Refining | 192) | 177) | 163) | 196) | 169) |
| Technology | 43) | 40) | 41) | 46) | 61) |
| Total | 1,241) | 1,174) | 1,064) | 1,047) | 1,019) |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
Capital expenditures
LyondellBasell Industries N.V., capital expenditures by reportable segment
US$ in millions
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Olefins and Polyolefins–Americas (O&P–Americas) | 1,079) | 741) | 1,370) | 668) | 912) |
| Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) | 248) | 163) | 229) | 186) | 191) |
| Intermediates and Derivatives (I&D) | 409) | 332) | 333) | 441) | 241) |
| Advanced Polymer Solutions (APS) | 62) | 55) | 38) | —) | —) |
| Refining | 250) | 213) | 224) | 108) | 123) |
| Technology | 48) | 32) | 36) | 24) | 25) |
| Other | 9) | 11) | 13) | 13) | 7) |
| Total | 2,105) | 1,547) | 2,243) | 1,440) | 1,499) |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
EBITDA
LyondellBasell Industries N.V., ebitda by reportable segment
US$ in millions
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Olefins and Polyolefins–Americas (O&P–Americas) | 2,762) | 2,899) | 2,788) | 3,661) | 3,911) |
| Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) | 1,163) | 1,927) | 1,729) | 1,825) | 1,366) |
| Intermediates and Derivatives (I&D) | 2,011) | 1,490) | 1,333) | 1,475) | 1,459) |
| Advanced Polymer Solutions (APS) | 400) | 438) | 427) | —) | —) |
| Refining | 167) | 157) | 72) | 342) | 65) |
| Technology | 328) | 223) | 262) | 243) | 232) |
| Other | 36) | —) | (9) | (13) | 17) |
| Total | 6,867) | 7,134) | 6,602) | 7,533) | 7,050) |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
Property, plant and equipment, net
LyondellBasell Industries N.V., property, plant and equipment, net by reportable segment
US$ in millions
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
|---|---|---|---|---|---|
| Olefins and Polyolefins–Americas (O&P–Americas) | 5,769) | 5,025) | 4,688) | 3,660) | 3,260) |
| Olefins and Polyolefins–Europe, Asia, International (O&P–EAI) | 1,745) | 1,794) | 1,881) | 1,881) | 2,102) |
| Intermediates and Derivatives (I&D) | 2,663) | 2,457) | 2,288) | 2,250) | 2,121) |
| Advanced Polymer Solutions (APS) | 818) | 350) | —) | —) | —) |
| Refining | 1,216) | 1,130) | 1,067) | 993) | 1,036) |
| Technology | 266) | 241) | 213) | 207) | 237) |
| Other | —) | —) | —) | —) | 2) |
| Total | 12,477) | 10,997) | 10,137) | 8,991) | 8,758) |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).