LyondellBasell CEO Vanacker Sells 20,000 Shares at $53.57 Each on August 15, 2025.

LyondellBasell Industries N.V. recently announced that Director and Chief Executive Officer, Vanacker Peter Z. E., executed a transaction involving the sale of 20,000 shares at a price of $53.57 per share on August 15, 2025.

LyondellBasell Industries N.V. recently announced that Director and Chief Executive Officer, Peter Vanacker, executed a transaction involving the sale of 20,000 shares at a price of $53.57 per share on August 15, 2025. The transaction was part of a broader series of changes in beneficial ownership reported in a Form 4 filing submitted to the U.S. Securities and Exchange Commission [1].

The sale of shares by Vanacker is significant as it follows a period of financial challenges for the petrochemical giant. LyondellBasell Industries reported an 11.8% decline in sales and a 72.1% drop in earnings for the second quarter of 2025 compared to the year-ago period. Despite these setbacks, CEO Vanacker expressed optimism during an August 1 conference call, citing strong demand for polyethylene in North America and improved profitability in Europe due to easing naphtha feedstock prices [2].

In response to the weak second quarter, LyondellBasell has taken measures to conserve cash. The company has reduced its 2026 capital spending budget by $300 million to $1.4 billion, primarily by deferring the construction of a metathesis project in Channelview, Texas. Additionally, the company has delayed a final investment decision for a plastics recycling plant in Houston [2].

The Bruce Fund, managed by Robert Bruce and his son, Robert Jeffrey Bruce, also made notable changes to its portfolio during the second quarter of 2025. The fund added 40,000 shares of LyondellBasell Industries NV, accounting for 0.75% of the portfolio and a total value of $2.31 million. This addition reflects the fund's long-term investment strategy and belief in the potential turnaround of distressed companies [3].

References:
[1] https://www.streetinsider.com/SEC+Filings/Form+4+LyondellBasell+Industrie+For%3A+Aug+15+Filed+by%3A+Vanacker+Peter+Z.+E./25214708.html
[2] https://cen.acs.org/business/finance/Weak-quarter-forces-cuts-chemicals/103/web/2025/08
[3] https://finance.yahoo.com/news/robert-bruces-strategic-move-lyondellbasell-190335774.html