Exit the refining business
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
- 29 Apr 2022
- Due
- 31 Dec 2023
- Checked
- 18 Oct 2026
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Announced plans to exit refining business by the end of 2023”
What we found
Evidence strength A What the grades mean
The company continued to incur costs related to its refinery exit strategy well into 2024, indicating the business was not fully exited by the end of 2023 as originally planned.
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A LyondellBasell 10-K filed 2024-02-22
“Costs incurred since our decision to exit the refining business through December 31, 2023 were $521 million.” ✓ confirmed on the page
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A LyondellBasell 10-Q filed 2024-08-02
“Total costs incurred since our decision to exit the refining business through June 30, 2024, were $599 million.” ✓ confirmed on the page
Market reaction: the shares moved +1.2% against the S&P 500 over the three sessions around the disclosure (1 Aug 2024 to 6 Aug 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
- Transaction other
- Indicative materiality
- Medium rules
- Action
- Exit
- Deliverable
- refining business
- Language
- Expected (“expects”, “plans”)
- 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-014979 · Corrections policy