LyondellBasell Industries N.V.: A Bullish Thesis Unfolds Amidst Sector Normalization

LyondellBasell Industries N.V. (LYB) is a chemical company that operates globally. Its third-quarter 2025 results show tangible progress in cost control, operational reliability, and margin recovery, alongside improving demand trends in polyethylene and intermediates. While mature markets face soft end-market conditions, demand in packaging and healthcare remains resilient. The company's results reinforce the durability of long-term demand for polyolefins, driven by structural drivers such as population expansion and infrastructure investment. Management's emphasis on capacity rationalization and LyondellBasell's focus on efficiency and reliability position the company to benefit from a gradual recovery, supporting a bullish outlook for LYB.