Exhibit 99.1

		NEWS RELEASE

FOR IMMEDIATE RELEASE
ROTTERDAM, The Netherlands, Feb. 18, 2011 —

LyondellBasell Reports Fourth-Quarter and Full Year 2010 Results
Strong Beginning for ‘New LyondellBasell’

Fourth-Quarter 2010 Highlights

	•		Net income of $874 million; Diluted earnings per share of $1.54
	•		Quarterly EBITDA of $762 million, excluding reversal of inventory charge
	•		Repayment of $1.2 billion of debt
	•		Impacted by seasonal factors and increased European raw material costs

Full-Year 2010 Highlights

	•		EBITDA(R) of $4 billion, excluding non-cash inventory charge, an increase of 80 percent from 2009
	•		Led by particularly strong results in U.S. olefins and polyolefins and global propylene oxide
	•		Sales of $41 billion, up 33 percent from prior year
	•		Ended Year with $6.1 billion liquidity; $4.2 billion cash

     LyondellBasell Industries (NYSE: LYB) today announced net income for the fourth quarter 2010 of $874 million, or $1.54 per share. Fourth-quarter 2010 EBITDA was $762 million, excluding a reversal of $323 million of non-cash Lower of Cost or Market (LCM) inventory charges⁽¹⁾. Sales in the fourth quarter were $10,610 million, an increase of 20 percent from the prior year period. For the full year 2010, EBITDA(R) was $4,035 million excluding a $42 million LCM charge.

     Comparisons with the prior quarter, fourth quarter 2009 and full year 2009 are available in the following table.

Table 1 — Earnings Summary ^(a)

		Three months ended
		Dec. 31,				Sept. 30,				Dec. 31,				Twelve months ended Dec. 31
Millions of U.S. dollars (except share data)		2010				2010				2009				2010(b)				2009
Sales and other operating revenues		$	10,610			$	10,302			$	8,817			$	41,151			$	30,828
Net income (loss) (c)			874				467				(850	)			10,192				(2,871	)
Diluted earnings per share (U.S. dollars)			1.54				0.84			NA				NA				NA
Diluted share count (millions)			566				565			NA				NA				NA
EBITDA(R) (d)			1,085				1,198				526				3,993				2,236
EBITDA(R) excluding 2010 LCM inventory valuation adjustments			762				1,230				526				4,035				2,236

LyondellBasell Industries
www.lyondellbasell.com

     During 2010, business conditions and results improved across the vast majority of our portfolio, most notably in the Olefins & Polyolefins and propylene oxide businesses. Improved worldwide demand and industry supply disruptions contributed to improved results.

     The fourth quarter was impacted by seasonally lower volumes and margins in the oxyfuels and polyolefins businesses, rising olefins feedstock costs in Europe, and one-time events.

     In addition, results reflect the following:

Table 2 — Charges (Benefits) Included in Net Income

		Three months ended
		Dec. 31,				Sept. 30,				Dec. 31,				Twelve months ended Dec. 31
Millions of U.S. dollars (except share data)		2010				2010				2009				2010				2009
Pretax charges (benefits):
Charge/(benefit) — Reorganization items		$	2			$	13			$	961			$	(26	)		$	2,961
Gain on discharge of liabilities subject to compromise			—				—				—				(13,617	)			—
Change in net assets resulting from application of fresh-start accounting			—				—				—				5,656				—
LCM inventory valuation adjustments			(323	)			32				—				42				—
Unplanned maintenance at the Houston refinery			—				—				—				14				—
Warrants — mark to market			55				76				—				114				—
Charge related to dispute over environmental indemnity			—				64				—				64				—
Impairments			28				—				30				28				245
Premiums and charges on early repayment of debt			27				—				—				27				—
Gain on sale of Flavors & Fragrances business			(64	)			—				—				(64	)			—
Provision for (benefit from) income tax related to these items			124				(13	)			(347	)			(659	)			(1,122	)
After-tax effect of net charges (credits)			(151	)			172				644				(8,421	)			2,084
Effect on diluted earnings per share		$	0.27			$	0.30			NA				NA				NA

     “2010 was a great beginning for the ‘New LyondellBasell’,” said LyondellBasell Chief Executive Officer Jim Gallogly. “The company enjoyed financial success while advancing the plans and processes that form the foundation for our future. We demonstrated the strength of our assets and business position and that the uncertainties of the past years are behind us. Although early in this phase of economic and industry recovery, the earnings and cash generation capabilities of the company are now quite evident,” Gallogly said.

     “Fourth quarter profits increased significantly year-on-year although they did not match very strong mid-year levels. Notable during the fourth quarter was the repayment of $1.2 billion of debt,” Gallogly said.

OUTLOOK

     Commenting on the near-term outlook, Gallogly said, “Looking to the first quarter, industry fundamentals are unchanged, positioning us well for a solid beginning to 2011. Chemical and polyolefin prices are adjusting to increased naphtha costs while our U.S. olefins operations continue to benefit from advantaged ethane economics. Our SEPC joint venture has paid an $82 million dividend, its first dividend.”

LyondellBasell Industries
www.lyondellbasell.com

     “Our Intermediates and Derivatives segment continues to perform well as higher propylene prices are passed through. In our Refining & Oxyfuels segment, a major turnaround is underway at our Houston refinery fluid catalytic cracker. This is a key step in our plans to improve refinery operations. The Maya 211 spread has averaged more than $20 per barrel this quarter, and oxyfuels spreads have rebounded from their typical winter lows,” added Gallogly.

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 and its co-products (propylene, butadiene and benzene), polyethylene, polypropylene and Catalloy process resins.

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

		Three months ended
		Dec. 31,				Sept. 30,				Dec. 31,				Twelve months ended Dec. 31
Millions of U.S. dollars		2010				2010				2009				2010(b)				2009
Operating income		$	446			$	448			$	69			$	1,363			$	169
EBITDA(R)			505				492				244				1,685				743
EBITDA(R) excluding LCM charges			342				518			NA					1,719			NA

     Three months ended Dec. 31, 2010 versus three months ended Sept. 30, 2010 — Excluding a non-cash LCM inventory charge of $26 million in the third quarter 2010 and a $163 million non-cash LCM reversal in the fourth quarter 2010, underlying EBITDA declined by $176 million versus the third quarter 2010. An average ethylene sales price increase of approximately 10 cents per pound was offset by an approximately 10 cent per pound increase in the company’s average cost-of-ethylene-production. Ethylene sales volume decreased by approximately 130 million pounds compared to the third quarter 2010 due to a seasonal slowdown in derivative demand. Polyethylene (PE) results declined by approximately $70 million versus third quarter 2010, primarily due to seasonal demand effects and higher ethylene costs which were only partially offset by higher PE prices. Polypropylene profits for the fourth quarter declined approximately $40 million reflecting seasonal trends and higher raw material costs. Total polyolefins sales volumes decreased approximately 200 million pounds, or 9 percent, versus the third quarter with polyethylene sales accounting for the majority of the decrease.

     Three months ended Dec. 31, 2010 versus three months ended Dec. 31, 2009 — Excluding a non-cash LCM inventory reversal in the fourth-quarter 2010 of $163 million, O&P — Americas results improved

LyondellBasell Industries
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significantly versus the fourth quarter 2009 as the average ethylene sales price increased approximately 9 cents per pound while the company’s cost-of-ethylene production increased approximately 1 cent per pound. Segment polyethylene and polypropylene results were approximately equal to fourth-quarter 2009 results.

     Year ended Dec. 31, 2010 versus year ended Dec. 31, 2009 — Excluding a non-cash 2010 LCM inventory charge of $34 million, O&P — Americas results improved $976 million versus 2009. The Company’s average ethylene sales price increased approximately 14 cents per pound while the company’s cost of ethylene production increased approximately 2 cents per pound as improved market conditions and a lighter feedstock slate drove improved results. Segment polyolefin results were approximately equal in 2010 and 2009. Total polyolefins sales increased approximately 150 million pounds, or 2 percent, in 2010 versus 2009.

Olefins & Polyolefins — Europe, Asia, International (O&P-EAI) — The primary products of this segment include ethylene and its 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
		Dec. 31,				Sept. 30,				Dec. 31,				Twelve months ended Dec. 31
Millions of U.S. dollars		2010				2010				2009				2010(b)				2009
Operating income (loss)		$	66			$	231			$	(44	)		$	526			$	2
EBITDA(R)			125				289				51				818				341
EBITDA(R) excluding LCM charges			115				294			NA					818			NA

     Three months ended Dec. 31, 2010 versus three months ended Sept. 30, 2010 — Excluding a non-cash LCM inventory charge of $5 million in the third quarter 2010 and a $10 million non-cash LCM reversal in the fourth quarter 2010, EBITDA decreased by $179 million versus the third quarter 2010. Lower olefins margins, due to increased feedstock prices, drove results lower. A polyolefins sales decrease of approximately 100 million pounds, which resulted from seasonal declines and labor actions in France, also contributed to the lower fourth-quarter results. Dividends of $6 million were received from joint ventures during the fourth quarter 2010.

     Three months ended Dec. 31, 2010 versus three months ended Dec. 31, 2009 — Excluding a non-cash LCM inventory reversal of $10 million in the fourth quarter 2010, EBITDA increased $64 million versus the fourth quarter 2009. Improved polyolefins margins accounted for the majority of the improved performance. Volume growth in olefins, polypropylene and polypropylene compounding also contributed to the improvement.

LyondellBasell Industries
www.lyondellbasell.com

     Year ended Dec. 31, 2010 versus year ended Dec. 31, 2009 — EBITDA increased $477 million versus 2009. Improved olefins and polyolefins volumes and margins contributed to the improved performance. Ethylene production increased approximately 100 million pounds, or 3 percent, while polyethylene and polypropylene volumes increased a combined 1.1 billion pounds, or 10 percent.

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 (divested in December 2010).

Table 5 — I&D Financial Overview ^(a)

		Three months ended
		Dec. 31,				Sept. 30,				Dec. 31,				Twelve months ended Dec. 31
Millions of U.S. dollars		2010				2010				2009				2010(b)				2009
Operating income		$	196			$	207			$	59			$	669			$	250
EBITDA(R)			228				243				134				851				535
EBITDA(R) excluding LCM charges			211				243			NA					859			NA

     Three months ended Dec. 31, 2010 versus three months ended Sept. 30, 2010 — Excluding a non-cash LCM inventory reversal of $17 million in the fourth quarter 2010, EBITDA declined by $32 million versus the third quarter 2010. The majority of the decline occurred in PO and PO derivatives and was due to a seasonal decrease in demand and the effects of a planned maintenance turnaround. Intermediates results declined versus the third quarter 2010 primarily due to higher raw material costs.

     Three months ended Dec. 31, 2010 versus three months ended Dec. 31, 2009 — I&D results improved significantly in the fourth quarter 2010 compared to the fourth quarter 2009. PO and PO derivatives EBITDA improved due to higher PO sales volumes and improved margins for most products. Intermediates results were relatively unchanged versus the prior year period.

     Year ended Dec. 31, 2010 versus year ended Dec. 31, 2009 — Excluding a non-cash LCM inventory charge of $8 million in 2010, EBITDA increased $324 million versus 2009. Improved PO and PO derivative volumes and margins, resulting from improved durable goods demand and competitor operating problems, accounted for approximately 80 percent of the improved segment profitability. Increased Intermediates volumes also had significant positive impacts on the results.

LyondellBasell Industries
www.lyondellbasell.com

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
		Dec. 31,				Sept. 30,				Dec. 31,				Twelve months ended Dec. 31
Millions of U.S. dollars		2010				2010				2009				2010(b)				2009
Operating income (loss)		$	144			$	83			$	(200	)		$	142			$	(357	)
EBITDA(R)			212				140				(7	)			452				255
EBITDA(R) excluding LCM charges			79				141			NA					452			NA

     Three months ended Dec. 31, 2010 versus three months ended Sept. 30, 2010 — Excluding a non-cash LCM inventory charge of $1 million in the third quarter 2010 and a non-cash LCM reversal of $133 million in the fourth quarter 2010, EBITDA declined $62 million versus the third quarter 2010. Houston refinery financial performance was nearly unchanged versus third quarter 2010. Crude oil volume at the Houston refinery decreased by approximately 28,000 barrels per day (10 percent of nameplate capacity) compared to the third quarter primarily due to unplanned coker unit outages and a supply disruption from a third-party utility provider. Refining margins improved as the average industry benchmark margin increased approximately $2 per barrel during the quarter. At the Berre refinery, industry benchmark margins increased approximately $1 per barrel, while volumes declined as a result of national labor actions in France. Oxyfuels results, as expected, declined compared to the third quarter. Seasonally lower margins accounted for the majority of the approximately $75 million decline.

     Three months ended Dec. 31, 2010 versus three months ended Dec. 31, 2009 — Excluding a $133 million non-cash LCM inventory reversal in the fourth quarter 2010, segment EBITDA increased $86 million versus the fourth quarter 2009. At the Houston refinery, an increase in the industry benchmark margin of approximately $7 per barrel was the primary contributor to the improved results. Berre refinery results were relatively unchanged. Oxyfuels results declined from an atypically strong fourth quarter 2009 due to lower margins.

     Year ended Dec. 31, 2010 versus year ended Dec. 31, 2009 — Segment EBITDA increased $197 million versus 2009. An increase in the industry benchmark margin of approximately $7 per barrel was the primary contributor to an approximately $430 million improvement in performance at the Houston refinery. Berre refinery results were relatively unchanged versus 2009. Oxyfuels results declined approximately $200 million in 2010 from the record year 2009, principally as a result of lower margins.

LyondellBasell Industries
www.lyondellbasell.com

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
		Dec. 31,				Sept. 30,				Dec. 31,				Twelve months ended Dec. 31
Millions of U.S. dollars		2010				2010				2009				2010(b)				2009
Operating income		$	8			$	38			$	62			$	108			$	210
EBITDA(R)			44				78				76				212				309
EBITDA(R) excluding LCM charges			44				78			NA					212			NA

     Three months ended Dec. 31, 2010 versus three months ended Sept. 30, 2010 — Results declined due to seasonally lower polyolefin catalyst sales and lower licensing income. Fourth-quarter 2010 results were negatively impacted by a $17 million LIFO inventory adjustment.

     Three months ended Dec. 31, 2010 versus three months ended Dec. 31, 2009 — Results declined due to lower licensing income. Fourth-quarter 2010 results were negatively impacted by a $17 million LIFO inventory adjustment.

     Year ended Dec. 31, 2010 versus year ended Dec. 31, 2009 — Results declined primarily due to lower licensing income which was partially offset by higher catalyst sales.

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 Dec. 31, 2010. The $6.1 billion of liquidity consisted of approximately $4.2 billion cash and approximately $1.4 billion of undrawn funds available through the $1.75 billion asset-based loan facility, and approximately $0.5 billion available through the €450 million European securitization facility.

Capital Spending

Capital expenditures, including maintenance turnaround, catalyst, and information technology related expenditures, were $204 million during fourth quarter 2010, and $779 million for the full year 2010. Reduced spending versus original projections was due, in part, to improved capital project execution.

CONFERENCE CALL

     LyondellBasell will host a conference call today, February 18, 2011, at 11:00 a.m. 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

LyondellBasell Industries
www.lyondellbasell.com

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 8764192.

     A replay of the call will be available from 2:00 p.m. ET Feb. 18 to 8:00 a.m. ET on March 18. The dial-in numbers are 888-568-0028 (U.S.) and +1 203-369-3451 (international). The pass code for each is 6323.

     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 58 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 business cyclicality of the chemical, polymers and refining industries; the availability, cost and price volatility of raw materials and utilities, particularly the cost of oil and natural gas; competitive product and pricing pressures; labor conditions; our ability to attract and retain key personnel; operating interruptions (including leaks, explosions, fires, weather-related incidents, mechanical failure, unscheduled downtime, supplier disruptions, labor shortages, strikes, work stoppages or other labor difficulties, transportation interruptions, spills and releases and other environmental risks); the supply/demand balances for our and our joint ventures’ products, and the related effects of industry production capacities and operating rates; our ability to achieve expected cost savings and other synergies; legal and environmental proceedings; tax rulings, consequences or proceedings; technological developments, and our ability to develop new products and process technologies; current and potential governmental regulatory actions; political unrest and terrorist acts; risks and uncertainties posed by international operations, including foreign currency fluctuations; and our ability to comply with debt covenants and service our substantial debt. 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.

LyondellBasell Industries
www.lyondellbasell.com

(1) NON-GAAP MEASURES

     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 reports its 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 twelve months ended Dec. 31, 2010. For the twelve months ended Dec. 31, 2010, the combined results are the sum of (i) the first four months of 2010, representing the predecessor and (ii) the eight months ended December 31, 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 comparisons.

     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, 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 period 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.

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     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.

     The primary impacts on the Company’s financial results after the reorganization under Chapter 11 and the application of fresh-start accounting, which make comparisons of the predecessor and successor periods difficult, include (i) significant changes to our inventory valuations; (ii) lower depreciation and amortization expense; and (iii) lower interest expense. In connection with the application of fresh-start accounting, we were required to write our inventory up to fair market value, which was significant given the high crude oil prices at April 30, 2010. However, in the fourth quarter 2010, prices rose to levels close to those at April 30, 2010, and it became necessary to reverse significant portions of the LCM charges taken in the second and third quarters. The lower depreciation and amortization expenses in the successor period are the result of the revaluation of assets in connection with fresh-start accounting. Lower interest expense is the result of the substantial changes to the balance sheet as a result of the reorganization.

     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
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Table 8 — Reconciliation of Segment Information to Consolidated Financial Information

																						Predecessor								Successor				Combined				Successor								Predecessor				Successor				Combined
		Predecessor																				2010
		2009																								April 1 -				May 1 -																January 1 -				May 1 -
(Millions of U.S. dollars)		Q1				Q2				Q3				Q4				YTD				Q1				April 30				June 30				Q2				Q3				Q4				April 30				December 31				YTD
Sales and other operating revenues: (a)
Olefins & Polyolefins — Americas		$	1,578			$	2,037			$	2,404			$	2,595			$	8,614			$	3,020			$	1,163			$	2,004			$	3,167			$	3,247			$	3,155			$	4,183			$	8,406			$	12,589
Olefins & Polyolefins — Europe, Asia, International			1,719				2,170				2,651				2,861				9,401				3,119				1,066				2,140				3,206				3,247				3,342				4,105				8,729				12,834
Intermediates & Derivatives			761				810				1,051				1,156				3,778				1,316				504				940				1,444				1,453				1,361				1,820				3,754				5,574
Refining & Oxyfuels			2,265				3,167				3,506				3,140				12,078				3,415				1,333				2,403				3,736				3,867				4,051				4,748				10,321				15,069
Technology			116				150				135				142				543				110				35				75				110				157				133				145				365				510
Other/elims			(539	)			(835	)			(1,135	)			(1,077	)			(3,586	)			(1,225	)			(389	)			(790	)			(1,179	)			(1,669	)			(1,432	)			(1,534	)			(3,891	)			(5,425	)
Total		$	5,900			$	7,499			$	8,612			$	8,817			$	30,828			$	9,755			$	3,712			$	6,772			$	10,484			$	10,302			$	10,610			$	13,467			$	27,684			$	41,151
Operating income (loss): (a)
Olefins & Polyolefins — Americas		$	(101	)		$	69			$	132			$	69			$	169			$	145			$	175			$	149			$	324			$	448			$	446			$	320			$	1,043			$	1,363
Olefins & Polyolefins — Europe, Asia, International			(74	)			2				118				(44	)			2				71				44				114				158				231				66				115				411				526
Intermediates & Derivatives			78				41				72				59				250				123				34				109				143				207				196				157				512				669
Refining & Oxyfuels			(44	)			(80	)			(33	)			(200	)			(357	)			(128	)			29				14				43				83				144				(99	)			241				142
Technology			50				67				31				62				210				31				8				23				31				38				8				39				69				108
Other			(9	)			(28	)			12				39				14				(59	)			18				13				31				(19	)			(16	)			(41	)			(22	)			(63	)
Current cost adjustment			(41	)			18				88				(36	)			29				184				15				—				15				—				—				199				—				199
Total		$	(141	)		$	89			$	420			$	(51	)		$	317			$	367			$	323			$	422			$	745			$	988			$	844			$	690			$	2,254			$	2,944
Depreciation and amortization:
Olefins & Polyolefins — Americas		$	121			$	138			$	135			$	120			$	514			$	119			$	41			$	51			$	92			$	42			$	58			$	160			$	151			$	311
Olefins & Polyolefins — Europe, Asia, International			70				98				62				86				316				81				26				33				59				60				53				107				146				253
Intermediates & Derivatives			69				68				69				70				276				69				22				23				45				30				28				91				81				172
Refining & Oxyfuels			137				142				139				139				557				135				45				9				54				55				43				180				107				287
Technology			16				31				35				18				100				17				6				6				12				40				32				23				78				101
Other			3				2				3				3				11				3				1				7				8				(5	)			(7	)			4				(5	)			(1	)
Total		$	416			$	479			$	443			$	436			$	1,774			$	424			$	141			$	129			$	270			$	222			$	207			$	565			$	558			$	1,123
EBITDA(R): (a) (b)
Olefins & Polyolefins — Americas		$	20			$	207			$	272			$	244			$	743			$	274			$	216			$	198			$	414			$	492			$	505			$	490			$	1,195			$	1,685
Olefins & Polyolefins — Europe, Asia, International			(5	)			109				186				51				341				152				78				174				252				289				125				230				588				818
Intermediates & Derivatives			148				110				143				134				535				196				56				128				184				243				228				252				599				851
Refining & Oxyfuels			93				62				107				(7	)			255				3				76				21				97				140				212				79				373				452
Technology			66				101				66				76				309				47				14				29				43				78				44				61				151				212
Other			68				(52	)			9				28				53				(32	)			8				72				80				(44	)			(29	)			(24	)			(1	)			(25	)
Total EBITDAR			390				537				783				526				2,236				640				448				622				1,070				1,198				1,085				1,088				2,905				3,993
2010 LCM inventory valuation adjustments			—				—				—				—				—				—				—				333				333				32				(323	)			—				42				42
Total excluding 2010 LCM inventory valuation adjustments		$	390			$	537			$	783			$	526			$	2,236			$	640			$	448			$	955			$	1,403			$	1,230			$	762			$	1,088			$	2,947			$	4,035
Capital, turnarounds and IT deferred spending:
Olefins & Polyolefins — Americas		$	39			$	31			$	31			$	68			$	169			$	69			$	20			$	50			$	70			$	40			$	56			$	89			$	146			$	235
Olefins & Polyolefins — Europe, Asia, International			117				104				54				133				408				59				43				31				74				32				43				102				106				208
Intermediates & Derivatives			5				5				9				24				43				7				5				5				10				39				32				12				76				88
Refining & Oxyfuels			44				35				38				78				195				64				15				22				37				34				52				79				108				187
Technology			10				6				10				6				32				10				2				3				5				7				9				12				19				31
Other			2				3				2				1				8				4				3				5				8				6				12				7				23				30
Total			217				184				144				310				855				213				88				116				204				158				204				301				478				779
Deferred charges included above			(20	)			(11	)			(16	)			(29	)			(76	)			(74	)			(1	)			(3	)			(4	)			(5	)			(4	)			(75	)			(12	)			(87	)
Capital expenditures(c)		$	197			$	173			$	128			$	281			$	779			$	139			$	87			$	113			$	200			$	153			$	200			$	226			$	466			$	692

Table 9 — Reconciliation of EBITDAR to Net Income

																						Predecessor								Successor				Combined				Successor								Predecessor				Successor				Combined
		Predecessor																				2010
		2009																								April 1 -				May 1 -																January 1 -				May 1 -
(Millions of U.S. dollars)		Q1				Q2				Q3				Q4				YTD				Q1				April 30				June 30				Q2				Q3				Q4				April 30				December 31				YTD
Segment EBITDAR: (a)
Olefins and Polyolefins — Americas		$	20			$	207			$	272			$	244			$	743			$	274			$	216			$	198			$	414			$	492			$	505			$	490			$	1,195			$	1,685
Olefins and Polyolefins — Europe, Asia, International			(5	)			109				186				51				341				152				78				174				252				289				125				230				588				818
Intermediates and Derivatives			148				110				143				134				535				196				56				128				184				243				228				252				599				851
Refining and Oxyfuels			93				62				107				(7	)			255				3				76				21				97				140				212				79				373				452
Technology			66				101				66				76				309				47				14				29				43				78				44				61				151				212
Other			68				(52	)			9				28				53				(32	)			8				72				80				(44	)			(29	)			(24	)			(1	)			(25	)
Total EBITDAR			390				537				783				526				2,236				640				448				622				1,070				1,198				1,085				1,088				2,905				3,993
2010 LCM inventory valuation adjustments			—				—				—				—				—				—				—				333				333				32				(323	)			—				42				42
Total EBITDAR excluding 2010 LCM inventory valuation adjustments			390				537				783				526				2,236				640				448				955				1,403				1,230				762				1,088				2,947				4,035
Add:
Income (loss) from equity investment			(20	)			22				(168	)			(15	)			(181	)			55				29				27				56				29				30				84				86				170
Unrealized foreign exchange (loss) gain			15				98				141				(61	)			193				(202	)			(62	)			(14	)			(76	)			(7	)			(1	)			(264	)			(22	)			(286	)
Gain on sale of Flavors and Fragrances business			—				—				—				—				—				—				—				—				—				—				64				—				64				64
Deduct:
2010 LCM inventory valuation adjustments			—				—				—				—				—				—				—				(333	)			(333	)			(32	)			323				—				(42	)			(42	)
Depreciation and amortization			(416	)			(479	)			(443	)			(436	)			(1,774	)			(424	)			(141	)			(129	)			(270	)			(222	)			(207	)			(565	)			(558	)			(1,123	)
Impairment charge			—				(5	)			—				(12	)			(17	)			(3	)			(6	)			—				(6	)			—				(28	)			(9	)			(28	)			(37	)
Reorganization items			(948	)			(124	)			(928	)			(961	)			(2,961	)			207				7,803				(8	)			7,795				(13	)			(2	)			8,010				(23	)			7,987
Interest expense, net			(425	)			(498	)			(441	)			(413	)			(1,777	)			(409	)			(299	)			(120	)			(419	)			(186	)			(222	)			(708	)			(528	)			(1,236	)
Joint venture dividends received			(2	)			(7	)			(12	)			(5	)			(26	)			(13	)			(5	)			(28	)			(33	)			—				(6	)			(18	)			(34	)			(52	)
(Provision for) benefit from income taxes			432				87				332				560				1,411				(12	)			705				(28	)			677				(254	)			220				693				(62	)			631
Fair value change in warrants			—				—				—				—				—				—				—				17				17				(76	)			(55	)			—				(114	)			(114	)
Current cost adjustment to inventory			(41	)			18				88				(36	)			29				184				15				—				15				—				—				199				—				199
Other			(2	)			(2	)			(3	)			3				(4	)			(15	)			9				8				17				(2	)			(4	)			(6	)			2				(4	)
LyondellBasell Industries net income (loss)			(1,017	)			(353	)			(651	)			(850	)			(2,871	)			8				8,496				347				8,843				467				874				8,504				1,688				10,192
Less: Net (income) loss attributable to non-controlling interests			1				2				1				2				6				2				58				(5	)			53				7				5				60				7				67
		$	(1,016	)		$	(351	)		$	(650	)		$	(848	)		$	(2,865	)			$10			$	8,554			$	342			$	8,896			$	474			$	879			$	8,564			$	1,695			$	10,259

Table 10 — Selected Segment Operating Information

		2009																				2010
		Q1				Q2				Q3				Q4				YTD				Q1				Q2				Q3				Q4				YTD
Olefins and Polyolefins — Americas
Volumes (million pounds)
Ethylene produced			1,988				2,094				2,037				2,010				8,129				2,019				1,998				2,184				2,152				8,353
Propylene produced			676				731				799				706				2,912				755				777				790				695				3,017
Polyethylene sold			1,144				1,391				1,467				1,470				5,472				1,330				1,320				1,472				1,347				5,469
Polypropylene sold			541				656				606				613				2,416				615				670				675				611				2,571
Benchmark Market Prices
West Texas Intermediate crude oil (USD per barrel)			43.31				59.79				68.24				76.13				62.09				78.88				78.05				76.09				85.24				79.58
Natural gas (USD per million BTUs)			4.22				3.44				3.32				4.16				3.78				5.36				4.04				4.35				4.17				4.48
U.S. weighted average cost of ethylene production (cents/pound)			23.8				24.6				23.8				32.6				26.2				34.3				26.7				25.2				33.8				30.0
U.S. ethylene (cents/pound)			31.5				31.5				32.3				40.5				33.9				52.3				45.6				38.3				47.3				82.2
U.S. polyethylene [high density] (cents/pound)			59.7				65.0				69.3				72.0				66.5				83.3				84.0				77.7				83.7				45.9
U.S. propylene (cents/pound)			24.8				32.0				46.2				48.7				37.9				61.5				63.3				56.2				57.3				59.6
U.S. polypropylene [homopolymer] (cents/pound)			51.5				58.5				72.7				75.0				64.4				87.8				89.8				82.7				83.8				59.6
Olefins and Polyolefins — Europe, Asia, International
Volumes (million pounds)
Ethylene produced			785				926				924				868				3,503				861				842				994				913				3,610
Propylene produced			467				567				586				529				2,149				509				540				624				560				2,233
Polyethylene sold			1,110				1,203				1,198				1,304				4,815				1,239				1,230				1,316				1,275				5,060
Polypropylene sold			1,526				1,670				1,429				1,531				6,156				1,538				1,762				1,891				1,832				7,023
Benchmark Market Prices
Western Europe weighted average cost of ethylene production (€0.01 per pound)			22.1				23.3				22.8				27.0				23.8				28.7				27.3				26.5				35.7				29.5
Western Europe ethylene (€0.01 per pound)			27.0				31.2				37.0				38.3				33.4				41.6				43.7				43.1				44.3				52.5
Western Europe polyethylene [high density] (€0.01 per pound)			37.5				39.9				47.2				47.0				42.9				51.4				53.8				52.4				52.5				43.2
Western Europe propylene (€0.01 per pound)			20.9				23.9				32.0				33.9				27.7				38.9				45.1				43.1				42.6				57.7
Western Europe polypropylene [homopolymer] (€0.01 per pound)			34.3				35.8				44.0				45.2				39.9				51.3				60.3				60.3				58.9				42.4
Intermediates and Derivatives
Volumes (million pounds)
Propylene oxide and derivatives			681				576				737				701				2,695				869				781				872				860				3,382
Ethylene oxide and derivatives			224				275				299				265				1,063				265				250				206				251				972
Styrene monomer			394				514				666				717				2,291				589				780				827				685				2,881
Acetyls			290				464				495				433				1,682				379				439				405				484				1,707
TBA Intermediates			290				274				386				431				1,381				472				470				454				425				1,821
Refining and Oxyfuels
Volumes
Houston Refining crude processing rate (thousands of barrels per day)			269				231				262				212				244				263				189				261				233				236
Berre Refinery crude processing rate (thousands of barrels per day)			86				93				84				81				86				73				99				99				80				88
MTBE/ETBE sales volumes (million gallons)			205				220				243				163				831				189				236				248				218				891
Benchmark Market Margins
WTI - 2-1-1 (USD per barrel)			9.64				7.39				6.25				4.65				6.98				6.85				10.45				7.67				8.97				8.48
WTI — Maya (USD per barrel)			4.46				4.58				5.03				6.65				5.18				8.94				9.73				8.51				9.41				9.15
Urals 4-1-2-1 (USD per barrel)			6.96				5.69				5.10				4.52				5.57				5.91				7.30				5.95				6.64				6.45
MTBE — Northwest Europe (cents per gallon)			38.4				94.4				69.0				69.6				68.0				48.2				56.0				44.2				18.4				41.7