Cease operation of the Houston Refinery
Not delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 21 Apr 2022
- Due
- 31 Dec 2023
- Checked
- 18 Oct 2026
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“cease operation of its Houston Refinery no later than December 31, 2023”
What we found
Evidence strength A What the grades mean
The company failed to cease operations by the December 31, 2023 deadline, subsequently announcing a revised plan to exit the refining business by the end of the first quarter of 2025.
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A LyondellBasell 10-K filed 2024-02-22
“we determined that exiting the refining business no later than the end of the first quarter of 2025 is the best strategic and financial path forward for the Company.” ✓ confirmed on the page
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A LyondellBasell 10-K filed 2024-02-22
“During 2023, the Houston refinery processed an average of approximately 237 thousand barrels per day of heavy crude oil.” ✓ confirmed on the page
Market reaction: the shares moved -0.3% against the S&P 500 over the three sessions around the disclosure (21 Feb 2024 to 26 Feb 2024). What this measures
Checked 18 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Facility other
- Indicative materiality
- Medium rules
- Action
- Cease
- Deliverable
- Houston Refinery
- Where
- Houston
- In the company’s control
- High
- Specificity
- High
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
- Third check on a negative finding: agreesBecause a negative finding could harm a company if wrong, a stronger model re-read the evidence fully blind and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2022-LYB-014978 · Corrections policy