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NEWS RELEASE FOR IMMEDIATE RELEASE HOUSTON and LONDON , October 29 , 2021 ● Third Quarter 2021 Highlights Robust demand and tight market conditions supported strong margins Accelerated our climate goals : 30 % CO₂ reduction by 2030 and net zero by 2050 ( scope 1 and 2 ) Net Income : $ 1.8 billion LyondellBasell Reports Third Quarter 2021 Earnings Diluted earnings per share : $ 5.25 per share EBITDA : $ 2.7 billion Record cash from operating activities : $ 2.1 billion Strong cash flow supported debt reduction of $ 0.7 billion with $ 2.4 billion year - to - date Paid dividends and repurchased approximately 1 million shares totaling $ 0.5 billion in returns for shareholders Comparisons with the prior quarter and third quarter 2020 are available in the following table : Table 1 - Earnings Summary Millions of U.S. dollars ( except share data ) Sales and other operating revenues Net income Diluted earnings per share Weighted average diluted share count EBITDA ( a ) Excluding LCM and Impairment ( a ) Net income Diluted earnings per share LCM ( benefits ) charges , pre - tax Impairment , pre - tax EBITDA Three Months Ended June 30 , 2021 September 30 , 2021 $ 12,700 1,762 5.25 334 2,691 $ 1,762 5.25 2,691 lyondellbasell Advancing Possible $ 11,561 2,059 6.13 335 3,018 $ 2,059 6.13 3,018 Nine Months Ended September 30 , September 30 , September 30 , 2020 2021 2020 $ 6,776 114 0.33 334 466 $ 427 1.27 ( 160 ) 582 888 $ 33,343 4,891 14.57 334 7,294 $ 4,891 14.57 7,294 $ 19,816 572 1.69 334 1,872 $ 1,148 3.42 163 582 2,617 ( a ) See " Information Related to Financial Measures " for a discussion of the Company's use of EBITDA and EBITDA excluding LCM and Impairment and Table 2 for reconciliations of net income to those measures . LCM stands for " lower of cost or market . " Impairment is related to charges incurred in the Refining segment . 1