LyondellBasell Industries N.V. (LYB) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
O&P - EAI	12,823	13,490	8,367	9,504	10,838	10,218	8,718	11,576
O&P - Americas	13,935	15,002	7,275	8,435	10,408	10,004	8,722	9,964
Refining	11,893	8,002	4,727	8,251	9,157	6,848	5,135	6,557
Other	754	839	633			443	479	482
Other	11,046	8,840	6,751	8,537	8,601	6,971	6,129	4,156
Total revenues	50,451	46,173	27,753	34,727	39,004	34,484	29,183	32,735
Revenue growth [+]	9.3%	66.4%	-20.1%	-11.0%	13.1%	18.2%	-10.9%	-28.2%
O&P - EAI	-4.9%	61.2%	-12.0%	-12.3%	6.1%	17.2%	-24.7%	-23.9%
O&P - Americas	-7.1%	106.2%	-13.8%	-19.0%	4.0%	14.7%	-12.5%	-28.6%
Refining	48.6%	69.3%	-42.7%	-9.9%	33.7%	33.4%	-21.7%	-44.0%
Other	-10.1%	32.5%				-7.5%	-0.6%	-11.6%
I&D	27.2%	62.4%	-20.0%	-18.3%	13.2%	17.2%	-7.0%	-23.3%
Cost of goods sold	43,847	37,397	24,359	29,301	32,529	28,059	23,191	25,683
Gross profit	6,604	8,776	3,394	5,426	6,475	6,425	5,992	7,052
Gross margin	13.1%	19.0%	12.2%	15.6%	16.6%	18.6%	20.5%	21.5%
Selling, general and administrative	1,310	1,255	1,140	1,199	1,129	859	833	828
Research and development	124	124	113	111	115	106	99	102
Equity in earnings	5	461	256	225	289	321	367	339
EBITDA [+]	6,442	9,251	3,782	5,653	6,761	6,955	6,491	7,508
EBITDA growth	-30.4%	144.6%	-33.1%	-16.4%	-2.8%	7.1%	-13.5%	7.1%
EBITDA margin	12.8%	20.0%	13.6%	16.3%	17.3%	20.2%	22.2%	22.9%
Depreciation and amortization	1,267	1,393	1,385	1,312	1,241	1,174	1,064	1,047
EBIT [+]	5,175	7,858	2,397	4,341	5,520	5,781	5,427	6,461
EBIT growth	-34.1%	227.8%	-44.8%	-21.4%	-4.5%	6.5%	-16.0%	7.8%
EBIT margin	10.3%	17.0%	8.6%	12.5%	14.2%	16.8%	18.6%	19.7%
Non-recurring items [+]	69	624	582
Asset impairment	69	624	582
Interest expense, net [+]	258	510	514	328	315	467	305	277
Interest expense	287	519	526	347	360	491	322	310
Interest income	29	9	12	19	45	24	17	33
Other income (expense), net	-72	62	85	39	106	179	111	25
Pre-tax income	4,776	6,786	1,386	4,052	5,311	5,493	5,233	6,209
Income taxes	882	1,163	-43	648	613	598	1,386	1,730
Tax rate	18.5%	17.1%		16.0%	11.5%	10.9%	26.5%	27.9%
Minority interest						-2	1	-2
Earnings from continuing ops	3,887	5,616	1,422	3,397	4,696	4,897	3,846	8,960
Earnings from discontinued ops	-5	-6	-2	-7	-8	-18	-10	-5
Net income	3,882	5,610	1,420	3,390	4,688	4,879	3,836	8,955
Net margin	7.7%	12.1%	5.1%	9.8%	12.0%	14.1%	13.1%	27.4%

Basic EPS [+]	$11.89	$16.81	$4.26	$9.62	$12.07	$12.30	$9.18	$19.27
Growth	-29.3%	294.9%	-55.8%	-20.3%	-1.9%	34.0%	-52.4%	19.5%
Diluted EPS [+]	$11.85	$16.81	$4.26	$9.62	$12.07	$12.27	$9.16	$19.23
Growth	-29.5%	294.9%	-55.8%	-20.3%	-1.6%	34.0%	-52.4%	20.0%

Dividends per share [+]	$9.93	$4.45	$4.21	$4.14	$3.99	$3.56	$3.33	$3.03
Growth	123.1%	5.8%	1.6%	3.7%	12.4%	6.8%	9.8%	12.0%

Shares outstanding (basic) [+]	327	334	334	353	389	398	419	465
Growth	-2.1%	0.0%	-5.4%	-9.3%	-2.3%	-5.0%	-9.9%	-10.2%
Shares outstanding (diluted) [+]	328	334	334	353	389	399	420	466
Growth	-1.8%	0.0%	-5.4%	-9.3%	-2.5%	-5.0%	-9.9%	-10.6%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.