LyondellBasell Industries N.V. filed a Form 8-K on October 30, 2026, disclosing an agreement to sell its Houston refinery site and related assets for $320.5 million and announcing earnings results for the quarter ended September 30, 2026.

Key Highlights

  • Refinery site sale: LyondellBasell entered into an agreement on October 29, 2026, to sell Houston Refining, L.P. to a subsidiary of Valero Energy Corporation for a purchase price of $320.5 million.
  • Expected closing: According to the filing, the sale is expected to close in the fourth quarter of 2026, subject to regulatory and other customary closing conditions.
  • Refining operations shutdown: The filing states that refining operations at the Houston site were shut down in February 2025, preceding this sale.
  • Quarterly earnings announced: The company also announced earnings results for the quarter ended September 30, 2026, with an earnings release and segment results discussion attached as Exhibit 99.1 and Exhibit 99.2, respectively.
  • Exchange and ticker: Ordinary Shares (EUR 0.04 par value) are listed on the New York Stock Exchange as NYSE:LYB.

LyondellBasell Agrees to Divest Former Houston Refinery to Valero Subsidiary

According to the Form 8-K filed with the U.S. Securities and Exchange Commission on October 30, 2026, LyondellBasell Industries N.V. (NYSE:LYB) disclosed that on October 29, 2026, it entered into an agreement with a subsidiary of Valero Energy Corporation to sell Houston Refining, L.P. Houston Refining, L.P. is described in the filing as a wholly owned subsidiary of LyondellBasell that owns the former Houston refinery site and related assets. The agreed purchase price is $320.5 million.

The filing states the transaction is expected to close in the fourth quarter of 2026, contingent upon receipt of required regulatory approvals and satisfaction of other customary closing conditions. The company noted that it shut down refining operations at the Houston site in February 2025, prior to entering this sale agreement. The filing includes a cautionary note indicating that forward-looking statements regarding the transaction are "based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties," and that actual results could differ materially.

Separately, the filing disclosed that on October 30, 2026, LyondellBasell announced earnings results for the quarter ended September 30, 2026, along with a supplemental discussion of segment results. Those materials were attached as Exhibit 99.1 (press release) and Exhibit 99.2 (business results discussion by reporting segment). The filing specifies that the earnings information is furnished and "shall not be deemed to be 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934." The report was signed by Matthew D. Hayes, Senior Vice President and Chief Accounting Officer.

What Was Disclosed

LyondellBasell's Form 8-K reported a $320.5 million agreement to sell its Houston refinery site to a Valero Energy Corporation subsidiary, with closing expected in the fourth quarter of 2026, and also announced third-quarter 2026 earnings results via attached exhibits.