Exhibit 99.1

		NEWS RELEASE

FOR IMMEDIATE RELEASE
ROTTERDAM, Netherlands (Oct. 29, 2010) —

LyondellBasell Reports Third-Quarter 2010 Results

Highlights

	•		Net income of $467 million; Earnings per share of $0.84
	•		Third quarter EBITDA of $1,230 million, excluding $32 million non-cash Lower of Cost or Market (LCM) inventory charge; Year-to-Date EBITDA(R) of $3,273 million excluding non-cash LCM charges of $365 million(1)
	•		Sales of $10,302 million, up 20% from the prior year
	•		New York Stock Exchange listing completed; ticker symbols LYB and LYB.B
	•		Solid operating performance with results near second quarter levels; combined global Olefins and Polyolefins results approximate second-quarter 2010 results

     LyondellBasell Industries (NYSE:LYB) today announced net income for the third quarter 2010 of $467 million, or $0.84 per share. Third quarter 2010 EBITDA was $1,230 million, excluding a $32 million non-cash LCM inventory charge.⁽¹⁾ Quarterly sales were $10,302 million. Comparisons with the prior quarter, third quarter 2009 and first nine months of 2009 are available in the following table.

Table 1 — Earnings Summary ^(a)

		Three months ended
		Sept. 30,				June 30,				Sept. 30,				Nine months ended Sept. 30
Millions of U.S. dollars (except where noted)		2010				2010 (b)				2009				2010 (c)				2009
Sales and other operating revenues		$	10,302			$	10,484			$	8,612			$	30,541			$	22,011
Net income (loss) (d)			467				8,843				(651	)			9,318				(2,021	)
Earnings per diluted share (U.S. dollars)			0.84				N/A				N/A				N/A				N/A
Diluted share count (millions)			565				N/A				N/A				N/A				N/A
EBITDA(R) (e)			1,198				1,070				783				2,908				1,710
EBITDA(R) excluding LCM and other inventory valuation adjustments			1,230				1,403				803				3,273				1,819

LyondellBasell Industries
www.lyondellbasell.com

Table 2 — Charges (Benefits) Included in Net Income

		Three months ended
		Sept. 30,				June 30,				Sept. 30,				Nine months ended Sept. 30
Millions of dollars		2010				2010				2009				2010				2009
Pretax charges (benefits):
Charge/(benefit) — Reorganization items		$	13			$	169			$	928			$	(28	)		$	2,000
Gain on discharge of liabilities subject to compromise			—				(13,617	)			—				(13,617	)			—
Change in net assets resulting from application of fresh-start accounting			—				5,656				—				5,656				—
LCM and other inventory valuation adjustments			32				333				20				365				109
Unplanned maintenance at the Houston refinery			—				14				—				14				—
Warrants — mark to market			76				(17	)							59				—
Charge related to dispute over environmental indemnity			64				—				—				64				—
Provision for income tax related to these items			(13	)			(498	)			(332	)			(440	)			(738	)
After-tax effect of net charges (credits)			172				(7,960	)			616				(7,927	)			1,371
Effect on earnings per share		$	0.30				N/A				N/A				N/A				N/A

     “We achieved excellent results in the third quarter as most of our segments performed very well,” said LyondellBasell Chief Executive Officer Jim Gallogly. “Globally, our Olefins & Polyolefins results were approximately equal to the strong results of the second quarter. As a result, we again generated significant cash during the quarter and further improved our liquidity. In early October, we completed our listing on the New York Stock Exchange, another milestone in the creation of the new LyondellBasell.”

OUTLOOK

     Commenting on the near-term outlook, Gallogly said, “Industry conditions have held up reasonably well during October. However, we expect to see the typical seasonal impacts in the Refining and Oxyfuels area as well as end-of-year holiday reduced sales to some customers. With these anticipated impacts, our outlook for the quarter is somewhat tempered compared to the strong second and third quarters.”

LYONDELLBASELL BUSINESS RESULTS DISCUSSION BY REPORTING SEGMENT

     LyondellBasell operates in five business segments: 1) Olefins & Polyolefins — Americas; 2) Olefins & Polyolefins — Europe, Asia, International; 3) Intermediates & Derivatives; 4) Refining & Oxyfuels; and 5) Technology.

Olefins & Polyolefins — Americas (O&P-Americas) — The primary products of this segment include ethylene, ethylene co-products (propylene, butadiene and benzene), polyethylene, polypropylene and Catalloy process resins.

Table 3 — O&P-Americas Financial Overview ^(a)

		Three months ended
		Sept. 30,				June 30,				Sept. 30,				Nine months ended Sept. 30
Millions of dollars		2010				2010 (b)				2009				2010 (c)				2009
Operating income		$	448			$	324			$	132			$	917			$	100
EBITDA(R)			492				414				272				1,180				499
EBITDA(R) excluding LCM charges			518				585				N/A				1,377				N/A

LyondellBasell Industries
www.lyondellbasell.com

     Three months ended Sept. 30, 2010 versus three months ended June 30, 2010 — Excluding non-cash LCM inventory charges of $171 million and $26 million in the second quarter and third quarters 2010, respectively, underlying EBITDA declined by $67 million versus the second quarter 2010, as an average ethylene sales price decrease of approximately 10 cents per pound was partially offset by an approximately 2 cent per pound decline in the company’s average cost-of-ethylene-production metric (COE). Ethylene sales volume increased by approximately 130 million pounds compared to the second quarter 2010, as the scheduled maintenance turnaround at the Morris, Ill. facility was completed during the second quarter. Polyethylene (PE) results improved by approximately $75 million versus second quarter 2010 as PE benefitted from the lower ethylene price and additional production at Morris. Polypropylene results for the third quarter improved approximately $10 million. Total polyolefins sales volumes increased approximately 275 million pounds (14 percent) versus the second quarter with polyethylene sales accounting for the majority of the increase.

     Three months ended Sept. 30, 2010 versus three months ended Sept. 30, 2009 — Excluding a non-cash third-quarter 2010 LCM inventory charge of $26 million, O&P — Americas results improved significantly versus the third quarter 2009 as the average ethylene sales price increased approximately 7 cents per pound while the company’s COE remained relatively unchanged. Segment polyethylene results improved by approximately $10 million compared to third quarter 2009 based on an improved sales mix favoring domestic sales. Polypropylene results for the third quarter 2010 increased approximately $15 million versus third quarter 2009. Total polyolefins sales volumes increased approximately 100 million pounds (4 percent) versus the third quarter 2009. Increased polypropylene sales accounted for the majority of the sales volume increase.

Olefins & Polyolefins — Europe, Asia, International (O&P-EAI) — The primary products of this segment include ethylene, ethylene co-products (propylene and butadiene), polyethylene, polypropylene, global polypropylene compounds, Catalloy process resins and Polybutene-1 resins.

Table 4 — O&P-EAI Financial Overview ^(a)

		Three months ended
		Sept. 30,				June 30,				Sept. 30,				Nine months ended Sept. 30
Millions of dollars		2010				2010 (b)				2009				2010 (c)				2009
Operating income		$	231			$	158			$	118			$	460			$	46
EBITDA(R)			289				252				186				693				290
EBITDA(R) excluding LCM charges			294				257				N/A				703				N/A

LyondellBasell Industries
www.lyondellbasell.com

     Three months ended Sept. 30, 2010 versus three months ended June 30, 2010 — Excluding non-cash LCM inventory charges of $5 million in each of the second and third quarters, EBITDA increased by $37 million versus the second quarter 2010. Higher olefins margins due to tight market conditions, caused in part by competitor outages and increased sales volumes due to the completion of the Berre olefins and polyolefins plant maintenance turnarounds during the second quarter, drove results higher. Higher polyolefins sales volumes of approximately 190 million pounds also contributed to the improved third-quarter results. Dividends received from joint ventures decreased by approximately $30 million as compared to the second quarter 2010.

     Three months ended Sept. 30, 2010 versus three months ended Sept. 30, 2009 — Excluding a non-cash LCM inventory charge of $5 million in the third quarter 2010, EBITDA increased $108 million versus the third quarter 2009. Improved olefins and polyolefins margins accounted for the majority of the improved performance. Volume growth in polypropylene and polypropylene compounding, due in large part to increased demand from the automotive sector, also contributed to the improvement.

Intermediates & Derivatives (I&D) — The primary products of this segment include propylene oxide (PO) and its co-products (styrene monomer, tertiary butyl alcohol, isobutylene and tertiary butyl hydroperoxide) and derivatives (propylene glycol, propylene glycol ethers and butanediol); acetyls, ethylene oxide and its derivatives, and flavors and fragrances chemicals.

Table 5 — I&D Financial Overview ^(a)

		Three months ended
		Sept. 30,				June 30,				Sept. 30,				Nine months ended Sept. 30
Millions of dollars		2010				2010 (b)				2009				2010 (c)				2009
Operating income		$	207			$	143			$	72			$	473			$	191
EBITDA(R)			243				184				143				623				401
EBITDA(R) excluding LCM charges			243				209				N/A				648				N/A

     Three months ended Sept. 30, 2010 versus three months ended June 30, 2010 — Excluding a non-cash LCM inventory charge of $25 million in the second quarter 2010, EBITDA improved by $34

LyondellBasell Industries
www.lyondellbasell.com

million versus the second quarter 2010. PO and PO derivatives results improved by approximately $50 million due to increased volumes and the benefit of price increases implemented in the second quarter that were realized in the third quarter. Intermediates results declined versus the second quarter 2010 due in part to operating problems within the ethylene oxide business, which have since been resolved.

     Three months ended Sept. 30, 2010 versus three months ended Sept. 30, 2009 — I&D results improved significantly in the third quarter 2010 compared to the third quarter 2009. PO and PO derivatives results improved by approximately $120 million due to higher sales volumes of PO derivatives and improved margins of most products. Intermediates results declined by approximately $15 million versus third quarter 2009 as a result of the ethylene oxide operating problems and lower styrene results.

Refining & Oxyfuels (R&O) — The primary products of this segment include gasoline, diesel fuel, heating oil, jet fuel, petrochemical raw materials, methyl tertiary butyl ether (MTBE) and ethyl tertiary butyl ether (ETBE).

Table 6 — R&O Financial Overview ^(a)

		Three months ended
		Sept. 30,				June 30,				Sept. 30,				Nine months ended Sept. 30
Millions of dollars		2010				2010 (b)				2009				2010 (c)				2009
Operating income (loss)		$	83			$	43			$	(33	)		$	(2	)		$	(157	)
EBITDA(R)			140				97				107				240				262
EBITDA(R) excluding LCM charges			141				229				N/A				373				N/A

     Three months ended Sept. 30, 2010 versus three months ended June 30, 2010 — Excluding non-cash LCM inventory charges of $132 million and $1 million in the second-quarter and third-quarter 2010, respectively, EBITDA declined $88 million in the third quarter versus the second quarter 2010. Houston refinery performance declined by approximately $50 million. Crude volumes at the Houston refinery increased approximately 72,000 barrels per day compared to the second-quarter volumes which were low as a result of the May 17 crude unit fire. However, the average industry benchmark margin decreased approximately $4 per barrel during the quarter as gasoline and distillate spreads and the heavy crude differential all contracted. At the Berre refinery, industry benchmark margins decreased by approximately $1 per barrel, while volumes remained relatively unchanged. Oxyfuels results were relatively unchanged.

     Three months ended Sept. 30, 2010 versus three months ended Sept. 30, 2009 — Excluding a non-cash 2010 LCM inventory charge of $1 million in the third quarter 2010, segment EBITDA improved

LyondellBasell Industries
www.lyondellbasell.com

$34 million versus the third quarter 2009. At the Houston refinery, an increase in the industry benchmark margin of approximately $5 per barrel was the primary contributor to the improved results. Berre refinery results were relatively unchanged. Oxyfuels results declined from a very strong third quarter 2009 due to lower margins.

Technology Segment — The principal products of the Technology segment include polyolefin catalysts and production process technology licenses and related services.

Table 7 — Technology Financial Overview ^(a)

		Three months ended
		Sept. 30,				June 30,				Sept. 30,				Nine months ended Sept. 30
Millions of dollars		2010				2010 (b)				2009				2010 (c)				2009
Operating income (loss)		$	38			$	31			$	31			$	100			$	148
EBITDA(R)			78				43				66				168				233
EBITDA(R) excluding LCM charges			78				43				N/A				168				N/A

     Three months ended Sept. 30, 2010 versus three months ended June 30, 2010 — Results increased due to licensing and technology services improvement.

     Three months ended Sept. 30, 2010 versus three months ended Sept. 30, 2009 — Results increased due to licensing and technology services improvement.

Liquidity

     Company liquidity, which we define as cash and cash equivalents plus funds available through established lines of credit (less appropriate reserves and letters of credit), was approximately $6.1 billion at Sept. 30, 2010. The $6.1 billion of liquidity consisted of approximately $4.8 billion cash and approximately $1.2 billion of undrawn funds available through the $1.75 billion asset-based loan facility.

Capital Spending

Capital expenditures including maintenance turnaround and information technology related expenditures were $161 million during third quarter 2010, and $578 million for the first nine months of 2010.

CONFERENCE CALL

LyondellBasell Industries
www.lyondellbasell.com

     LyondellBasell will host a conference call today, Oct. 29, 2010, at 11:00 a.m. Eastern Time (ET). Participating on the call will be: Jim Gallogly, Chief Executive Officer; Kent Potter, Executive Vice President and Chief Financial Officer; Sergey Vasnetsov, Senior Vice President - Strategic Planning and Transactions; and Doug Pike, Vice President of Investor Relations. The toll-free dial-in number in the U.S. is 800-369-1176. For international numbers, please go to our website, www.lyondellbasell.com/teleconference, for a complete listing of toll-free numbers by country. The pass code for all numbers is 5300668.

     A replay of the call will be available from 2:00 p.m. ET Oct. 29 to 08:00 a.m. ET on Nov. 29. The dial-in numbers are 866-510-4832 (U.S.) and +1 203-369-1941 (international). The pass code for each is 6352.

     A copy of the slides that accompany the call will be available on our website at http://www.lyondellbasell.com/earnings.

ABOUT LYONDELLBASELL

     LyondellBasell (NYSE:LYB) is one of the world’s largest plastics, chemical and refining companies. The company manufactures products at 59 sites in 18 countries. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive components, home furnishings, construction materials and biofuels. More information about LyondellBasell can be found at www.lyondellbasell.com.

FORWARD-LOOKING STATEMENTS

     The statements in this release and the related teleconference relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual results could differ materially based on factors including, but not limited to, the ability to comply with the terms of our credit facilities and other financing arrangements; the costs and availability of financing; the ability to maintain adequate liquidity; the ability to implement business strategies; availability, cost and price volatility of raw materials and utilities; supply/demand balances; industry production capacities and operating rates; uncertainties associated with the U.S. and worldwide economies; legal, tax and environmental proceedings; cyclical nature of the chemical and refining industries; operating interruptions; current and potential governmental regulatory actions; terrorist acts; international political unrest; competitive products and pricing; technological developments; risks of doing business outside of the United States; access to capital markets; and other risk factors. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in our registration statements filed with the Securities and Exchange Commission, which are available at www.lyondellbasell.com/InvestorRelations.

(1) NON-GAAP MEASURES

LyondellBasell Industries
www.lyondellbasell.com

     This release makes reference to certain “non-GAAP” financial measures as defined in Regulation G of the U.S. Securities Exchange Act of 1934, as amended. We report our financial results in accordance with U.S. generally accepted accounting principles, but believe that certain non-GAAP financial measures provide useful supplemental information to investors regarding the underlying business trends and performance of the company’s ongoing operations and are useful for period-over-period comparisons of such operations. These non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, the financial measures prepared in accordance with GAAP.

As a result of the company’s emergence from Chapter 11 bankruptcy and the application of fresh-start accounting, the company reported its second quarter financial information for a predecessor period ending on April 30, 2010, the date of emergence from bankruptcy, and a successor period after such date in accordance with GAAP. For purposes of this press release, we have presented “combined” results of operations for the second quarter 2010 and for the nine months ended Sept. 30, 2010. The combined results for the three months ended June 30, 2010 are the sum of (i) the predecessor period of April 1, 2010 through April 30, 2010 and (ii) the successor period of May 1, 2010 through June 30, 2010. For the nine months ended Sept. 30, 2010, the combined results are the sum of (i) the first four months of 2010, representing the predecessor and (ii) the five months ended September 30, 2010, representing the successor period. The results of operations on the combined basis are non-GAAP because they combine two separate reporting entities. We have included the combined financial information because we believe it gives investors a better understanding of the year-over-year and sequential quarter comparisons. The primary impacts of both the Company’s reorganization under Chapter 11 and the application of fresh-start accounting include (i) an increase in the value of inventory at April 30, 2010 required as a result of our emergence from Chapter 11 and the application of fresh-start accounting and a significant decrease from those values at June 30, 2010, as the market values of crude oil significantly decreased between those dates; (ii) lower depreciation and amortization expense in periods after April 30, 2010 as a result of the revaluation of assets in connection with fresh-start accounting; and (iii) lower interest expense in periods after April 30, 2010 as a result of the discharge of $9 billion of debt and the conversion of $9 billion of debt into equity as a result of the reorganization pursuant to Chapter 11. The significant decrease in inventory values at June 30, 2010 was a result of the application of U.S. GAAP; however, the amount of the decrease was exacerbated by the previous significant increase in values at April 30, 2010, when market values of crude oil had risen to annual highs. Inventory charges since the second quarter are required by U.S. GAAP and a result of changes in market values of crude oil.

     We also include certain other non-GAAP measures, such as EBITDAR and EBITDA. While we believe that EBITDAR and EBITDA are measures commonly used by investors, EBITDAR and EBITDA,

LyondellBasell Industries
www.lyondellbasell.com

as presented herein, may not be comparable to a similarly titled measure reported by other companies due to differences in the way the measure is calculated. For purposes of this release, EBITDAR means earnings before interest, taxes, depreciation, amortization and restructuring costs, as adjusted for certain unusual and non-recurring items such as impairment charges, reorganization items, the effect of mark-to-market accounting on our warrants and current cost inventory adjustments. EBITDA means earnings before interest, taxes, depreciation and amortization, as adjusted for the same items, to the extent applicable in the successor periods. EBITDAR and EBITDA both also include dividends from joint ventures. EBITDAR and EBITDA should not be considered as alternatives to profit or operating profit for any period as an indicator of our performance, or as alternatives to operating cash flows as a measure of our liquidity. Additionally, this release contains EBITDA(R), which represents a combined predecessor and successor periods when the predecessor period is adjusted for restructuring costs, therefore representing EBITDAR, and the successor period is not adjusted, because there were no restructuring costs, or any such costs are included in net income.

     Reconciliations of non-GAAP financial measures to their nearest comparable GAAP financial measures are provided in the financial tables at the end of this release.

     Prior to emergence from Chapter 11, we utilized a combination of First-In, First-Out and Last-In, First-Out inventory methods for financial reporting. For purposes of evaluating segment results, management reviewed operating results using current cost, which approximates LIFO. As supplementary information, and for our segment reporting, we provide EBITDAR information on a current cost basis for periods prior to our emergence from Chapter 11. Since emergence from Chapter 11, we have utilized the LIFO inventory methodology and EBITDA information for periods after our emergence is on a LIFO basis. The combined financial results and measures that are disclosed in this press release, including EBITDAR and EBITDA, therefore use both current cost and LIFO methodologies.

     This release contains time sensitive information that is accurate only as of the time hereof. Information contained in this release is unaudited and subject to change. LyondellBasell undertakes no obligation to update the information presented herein except to the extent required by law.

###

Source: LyondellBasell

Media Contact: David Harpole (713) 309-4125
Investor Contact: Doug Pike (713) 309-4590

LyondellBasell Industries
www.lyondellbasell.com

Table 8 — LyondellBasell Industries — Reconciliation of Segment Information to Consolidated Financial Information

		Predecessor
		2009
(Millions of dollars)		Q1				Q2				Q3				Q4				YTD
Sales and other operating revenues:(a)
Olefins and Polyolefins — Americas		$	1,578			$	2,037			$	2,404			$	2,595			$	8,614
Olefins and Polyolefins — Europe, Asia, International			1,719				2,170				2,651				2,861				9,401
Intermediates and Derivatives			761				810				1,051				1,156				3,778
Refining and Oxyfuels			2,265				3,167				3,506				3,140				12,078
Technology			116				150				135				142				543
Other/elims			(539	)			(835	)			(1,135	)			(1,077	)			(3,586	)
Total		$	5,900			$	7,499			$	8,612			$	8,817			$	30,828
Operating income (loss): (a)
Olefins and Polyolefins — Americas		$	(101	)		$	69			$	132			$	69			$	169
Olefins and Polyolefins — Europe, Asia, International			(74	)			2				118				(44	)			2
Intermediates and Derivatives			78				41				72				59				250
Refining and Oxyfuels			(44	)			(80	)			(33	)			(200	)			(357	)
Technology			50				67				31				62				210
Other			(9	)			(28	)			12				39				14
Current cost adjustment			(41	)			18				88				(36	)			29
Total		$	(141	)		$	89			$	420			$	(51	)		$	317
Depreciation and amortization:
Olefins and Polyolefins — Americas		$	121			$	138			$	135			$	120			$	514
Olefins and Polyolefins — Europe, Asia, International			70				98				62				86				316
Intermediates and Derivatives			69				68				69				70				276
Refining and Oxyfuels			137				142				139				139				557
Technology			16				31				35				18				100
Other			3				2				3				3				11
Total		$	416			$	479			$	443			$	436			$	1,774
EBITDA(R): (a) (b)
Olefins and Polyolefins — Americas		$	20			$	207			$	272			$	244			$	743
Olefins and Polyolefins — Europe, Asia, International			(5	)			109				186				51				341
Intermediates and Derivatives			148				110				143				134				535
Refining and Oxyfuels			93				62				107				(7	)			255
Technology			66				101				66				76				309
Other			68				(52	)			9				28				53
Total EBITDAR			390				537				783				526				2,236
LCM and other inventory valuation adjustments			55				34				20				18				127
Total excluding LCM and other inventory valuation adjustments		$	445			$	571			$	803			$	544			$	2,363
Capital, turnarounds and IT deferred spending:
Olefins and Polyolefins — Americas		$	39			$	31			$	31			$	68			$	169
Olefins and Polyolefins — Europe, Asia, International			117				104				54				133				408
Intermediates and Derivatives			5				5				9				24				43
Refining and Oxyfuels			44				35				38				78				195
Technology			10				6				10				6				32
Other			2				3				2				1				8
Total			217				184				144				310				855
Deferred charges included above			(20	)			(11	)			(16	)			(29	)			(76	)
Capital expenditures(c)		$	197			$	173			$	128			$	281			$	779

Table 8 — LyondellBasell Industries — Reconciliation of Segment Information to Consolidated Financial Information

		Predecessor								Successor				Combined				Successor				Predecessor				Successor				Combined
		2010
						April 1 -				May 1 -												Jan. 1 -				May 1 -
(Millions of dollars)		Q1				April 30				June 30				Q2				Q3				April 30				Sept. 30				YTD
Sales and other operating revenues: (a)
Olefins and Polyolefins — Americas		$	3,020			$	1,163			$	2,004			$	3,167			$	3,247			$	4,183			$	5,251			$	9,434
Olefins and Polyolefins — Europe, Asia, International			3,119				1,066				2,140				3,206				3,247				4,105				5,387				9,492
Intermediates and Derivatives			1,316				504				940				1,444				1,453				1,820				2,393				4,213
Refining and Oxyfuels			3,415				1,333				2,403				3,736				3,867				4,748				6,270				11,018
Technology			110				35				75				110				157				145				232				377
Other/elims			(1,225	)			(389	)			(790	)			(1,179	)			(1,669	)			(1,534	)			(2,459	)			(3,993	)
Total		$	9,755			$	3,712			$	6,772			$	10,484			$	10,302			$	13,467			$	17,074			$	30,541
Operating income (loss):(a)
Olefins and Polyolefins — Americas		$	145			$	175			$	149			$	324			$	448			$	320			$	597			$	917
Olefins and Polyolefins — Europe, Asia, International			71				44				114				158				231				115				345				460
Intermediates and Derivatives			123				34				109				143				207				157				316				473
Refining and Oxyfuels			(128	)			29				14				43				83				(99	)			97				(2	)
Technology			31				8				23				31				38				39				61				100
Other			(59	)			18				13				31				(19	)			(41	)			(6	)			(47	)
Current cost adjustment			184				15				—				15				—				199				—				199
Total		$	367			$	323			$	422			$	745			$	988			$	690			$	1,410			$	2,100
Depreciation and amortization:
Olefins and Polyolefins — Americas		$	119			$	41			$	51			$	92			$	42			$	160			$	93			$	253
Olefins and Polyolefins — Europe, Asia, International			81				26				33				59				60				107				93				200
Intermediates and Derivatives			69				22				23				45				30				91				53				144
Refining and Oxyfuels			135				45				9				54				55				180				64				244
Technology			17				6				6				12				40				23				46				69
Other			3				1				7				8				(5	)			4				2				6
Total		$	424			$	141			$	129			$	270			$	222			$	565			$	351			$	916
EBITDA(R): (a) (b)
Olefins and Polyolefins — Americas		$	274			$	216			$	198			$	414			$	492			$	490			$	690			$	1,180
Olefins and Polyolefins — Europe, Asia, International			152				78				174				252				289				230				463				693
Intermediates and Derivatives			196				56				128				184				243				252				371				623
Refining and Oxyfuels			3				76				21				97				140				79				161				240
Technology			47				14				29				43				78				61				107				168
Other			(32	)			8				72				80				(44	)			(24	)			28				4
Total EBITDA(R)			640				448				622				1,070				1,198				1,088				1,820				2,908
LCM and other inventory valuation adjustments		—				—				333				333				32				—				365				365
Total excluding LCM and other inventory valuation adjustments		$	640			$	448			$	955			$	1,403			$	1,230			$	1,088			$	2,185			$	3,273
Capital, turnarounds and IT deferred spending:
Olefins and Polyolefins — Americas		$	69			$	20			$	50			$	70			$	40			$	89			$	90			$	179
Olefins and Polyolefins — Europe, Asia, International			59				43				31				74				32				102				63				165
Intermediates and Derivatives			7				5				5				10				39				12				44				56
Refining and Oxyfuels			64				15				22				37				34				79				56				135
Technology			10				2				3				5				7				12				10				22
Other			4				3				5				8				9				7				14				21
Total			213				88				116				204				161				301				277				578
Deferred charges included above			(74	)			(1	)			(3	)			(4	)			(8	)			(75	)			(11	)			(86	)
Capital expenditures(c)		$	139			$	87			$	113			$	200			$	153			$	226			$	266			$	492

Table 9 — LyondellBasell Industries — Reconciliation of EBITDAR to Net Income

		Predecessor
		2009
(Millions of dollars)		Q1				Q2				Q3				Q4				YTD
Segment EBITDAR:
Olefins and Polyolefins — Americas		$	20			$	207			$	272			$	244			$	743
Olefins and Polyolefins — Europe, Asia, International			(5	)			109				186				51				341
Intermediates and Derivatives			148				110				143				134				535
Refining and Oxyfuels			93				62				107				(7	)			255
Technology			66				101				66				76				309
Other			68				(52	)			9				28				53
Total EBITDAR (a)			390				537				783				526				2,236
LCM and other inventory valuation adjustments			55				34				20				18				127
Total EBITDAR excluding LCM and other inventory valuation adjustments			445				571				803				544				2,363
Add:
Income (loss) from equity investment			(20	)			22				(168	)			(15	)			(181	)
Unrealized foreign exchange (loss) gain			15				98				141				(61	)			193
Deduct:
LCM and other inventory valuation adjustments			(55	)			(34	)			(20	)			(18	)			(127	)
Depreciation and amortization			(416	)			(479	)			(443	)			(436	)			(1,774	)
Impairment charge			—				(5	)			—				(12	)			(17	)
Reorganization items			(948	)			(124	)			(928	)			(961	)			(2,961	)
Interest expense, net			(425	)			(498	)			(441	)			(413	)			(1,777	)
Joint venture dividends received			(2	)			(7	)			(12	)			(5	)			(26	)
Benefit from income taxes			432				87				332				560				1,411
Fair value change in warrants			—				—				—				—				—
Current cost adjustment to inventory			(41	)			18				88				(36	)			29
Other			(2	)			(2	)			(3	)			3				(4	)
Net loss			(1,017	)			(353	)			(651	)			(850	)			(2,871	)
Less: Net loss attributable to non-controlling interests			1				2				1				2				6
Net loss attributable to the Company		$	(1,016	)		$	(351	)		$	(650	)		$	(848	)		$	(2,865	)

Table 9 — LyondellBasell Industries — Reconciliation of EBITDAR to Net Income

		Predecessor								Successor				Combined				Successor				Predecessor				Successor				Combined
		2010
						April 1 —				May 1 —												January 1 —				May 1 —
(Millions of dollars)		Q1				April 30				June 30				Q2				Q3				April 30				Sept. 30				YTD
Segment EBITDA(R):
Olefins and Polyolefins — Americas		$	274			$	216			$	198			$	414			$	492			$	490			$	690			$	1,180
Olefins and Polyolefins — Europe, Asia, International			152				78				174				252				289				230				463				693
Intermediates and Derivatives			196				56				128				184				243				252				371				623
Refining and Oxyfuels			3				76				21				97				140				79				182				240
Technology			47				14				29				43				78				61				116				168
Other			(32	)			8				72				80				(44	)			(24	)			28				4
Total EBITDA(R) (a)			640				448				622				1,070				1,198				1,088				1,892				2,908
LCM and other inventory valuation adjustments			—				—				333				333				32				—				365				365
Total EBITDA(R) excluding LCM and other inventory valuation adjustments			640				448				955				1,403				1,230				1,088				2,185				3,273
Add:
Income from equity investment			55				29				27				56				29				84				56				140
Unrealized foreign exchange loss			(202	)			(62	)			(14	)			(76	)			(7	)			(264	)			(21	)			(285	)
Deduct:
LCM and other inventory valuation adjustments			—				—				(333	)			(333	)			(32	)			—				(365	)			(365	)
Depreciation and amortization			(424	)			(141	)			(129	)			(270	)			(222	)			(565	)			(351	)			(916	)
Impairment charge			(3	)			(6	)			—				(6	)			—				(9	)			—				(9	)
Reorganization items			207				7,803				(8	)			7,795				(13	)			8,010				(21	)			7,989
Interest expense, net			(409	)			(299	)			(120	)			(419	)			(186	)			(708	)			(306	)			(1,014	)
Joint venture dividends received			(13	)			(5	)			(28	)			(33	)			—				(18	)			(28	)			(46	)
(Provision for) benefit from income taxes			(12	)			705				(28	)			677				(254	)			693				(282	)			411
Fair value change in warrants			—				—				17				17				(76	)			—				(59	)			(59	)
Current cost adjustment to inventory			184				15				—				15				—				199				—				199
Other			(15	)			9				8				17				(2	)			(6	)			6				—
Net income			8				8,496				347				8,843				467				8,504				915				9,318
Less: Net (income) loss attributable to non-controlling interests			2				58				(5	)			53				7				60				2				62
Net income attributable to the Company		$	10			$	8,554			$	342			$	8,896			$	474			$	8,564			$	816			$	9,380

Table 10 — LyondellBasell Industries — Selected Segment Operating Information

		2009
		Q1				Q2				Q3				Q4				YTD
Olefins and Polyolefins — Americas
Volumes (million pounds)
Ethylene produced			1,988				2,094				2,037				2,010				8,129
Propylene produced			676				731				799				706				2,912
Polyethylene sold			1,236				1,342				1,505				1,416				5,499
Polypropylene sold			541				656				606				613				2,416
Market Prices
West Texas Intermediate crude oil (USD per barrel)			43.31				59.79				68.24				76.13				62.09
Natural gas (USD per million BTUs)			4.22				3.44				3.32				4.16				3.78
U.S. weighted average cost of ethylene production (cents/pound)			23.84				24.63				23.80				32.55				26.20
U.S. ethylene (cents/pound)			31.50				31.50				32.25				40.50				33.94
U.S. polyethylene [high density] (cents/pound)			59.67				65.00				69.33				72.00				66.50
U.S. propylene (cents/pound)			24.83				32.00				46.17				48.67				37.92
U.S. polypropylene [homopolymer] (cents/pound)			51.50				58.50				72.67				75.00				64.42
Olefins and Polyolefins — Europe, Asia, International
Volumes (million pounds)
Ethylene produced			785				926				924				868				3,503
Propylene produced			467				567				586				529				2,149
Polyethylene sold			1,117				1,234				1,260				1,416				5,027
Polypropylene sold			1,591				1,749				1,505				2,013				6,858
Market Prices
Western Europe weighted average cost of ethylene production (€0.01 per pound)			22.1				23.3				22.8				27.0				23.8
Western Europe ethylene (€0.01 per pound)			27.0				31.2				37.0				38.3				33.4
Western Europe polyethylene [high density] (€0.01 per pound)			37.5				39.9				47.2				47.0				42.9
Western Europe propylene (€0.01 per pound)			20.9				23.9				32.0				33.9				27.7
Western Europe polypropylene [homopolymer] (€0.01 per pound)			34.3				35.8				44.0				45.2				39.9
Intermediates and Derivatives
Volumes (million pounds)
Propylene oxide and derivatives			681				576				737				701				2,695
Ethylene oxide and derivatives			224				275				299				265				1,063
Styrene monomer			394				514				666				717				2,291
Acetyls			290				464				495				433				1,682
TBA intermediates			290				274				386				431				1,381
Refining and Oxyfuels
Volumes
Houston refining crude processing rate (thousands of barrels per day)			269				231				262				212				244
Berre refinery crude processing rate (thousands of barrels per day)			86				93				84				81				86
MTBE/ETBE sales volumes (million gallons)			205				220				243				163				831
Market margins
WTI - 2-1-1 (USD per barrel)			9.64				7.39				6.25				4.65				6.98
WTI — Maya (USD per barrel)			4.46				4.58				5.03				6.65				5.18
Urals 4-1-2-1 (USD per barrel)			6.96				5.69				5.10				4.52				5.57
ETBE — Northwest Europe (cents per gallon)			46.4				101.2				70.1				56.8				68.6

Table 10 — LyondellBasell Industries — Selected Segment Operating Information

		2010
		Q1				Q2				Q3				YTD
Olefins and Polyolefins — Americas
Volumes (million pounds)
Ethylene produced			2,019				1,998				2,184				6,201
Propylene produced			755				777				790				2,322
Polyethylene sold			1,339				1,265				1,517				4,121
Polypropylene sold			615				670				672				1,957
Market Prices
West Texas Intermediate crude oil (USD per barrel)			78.88				78.05				76.09				77.65
Natural gas (USD per million BTUs)			5.36				4.04				4.35				4.58
U.S. weighted average cost of ethylene production (cents/pound)			34.36				26.71				25.36				28.81
U.S. ethylene (cents/pound)			52.33				45.58				38.33				45.42
U.S. polyethylene [high density] (cents/pound)			83.33				84.00				77.67				81.67
U.S. propylene (cents/pound)			61.50				63.33				56.17				60.33
U.S. polypropylene [homopolymer] (cents/pound)			87.83				89.83				82.67				86.78
Olefins and Polyolefins — Europe, Asia, International
Volumes (million pounds)
Ethylene produced			861				842				994				2,697
Propylene produced			509				540				624				1,673
Polyethylene sold			1,364				1,230				1,316				3,910
Polypropylene sold			1,590				1,763				1,889				5,242
Market Prices
Western Europe weighted average cost of ethylene production (€0.01 per pound)			28.7				27.3				26.5				27.5
Western Europe ethylene (€0.01 per pound)			41.6				43.7				43.1				42.8
Western Europe polyethylene [high density] (€0.01 per pound)			51.4				53.8				52.4				52.5
Western Europe propylene (€0.01 per pound)			38.9				45.1				43.1				42.4
Western Europe polypropylene [homopolymer] (€0.01 per pound)			51.3				60.3				60.3				57.3
Intermediates and Derivatives
Volumes (million pounds)
Propylene oxide and derivatives			869				781				872				2,522
Ethylene oxide and derivatives			265				250				206				721
Styrene monomer			589				780				827				2,196
Acetyls			379				439				405				1,223
TBA intermediates			472				470				454				1,396
Refining and Oxyfuels
Volumes
Houston refining crude processing rate (thousands of barrels per day)			263				189				261				237
Berre refinery crude processing rate (thousands of barrels per day)			73				99				99				90
MTBE/ETBE sales volumes (million gallons)			189				236				248				673
Market margins
WTI — 2-1-1 (USD per barrel)			6.85				10.45				7.60				8.31
WTI — Maya (USD per barrel)			8.94				9.54				8.54				9.00
Urals 4-1-2-1 (USD per barrel)			5.91				7.33				5.89				6.32
ETBE — Northwest Europe (cents per gallon)			49.1				71.7				45.2				56.0