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Lyondell Chemical

One of the world's largest chemical companies.

Headquarters:
1221 McKinney St.
Houston, TX 77010
Employees: 10,900
CEO: Dan Smith
Stock Symbol: LYO

Website: http://www.lyondell.com

Career Site

Lyondell Chemical Company is one of the world's largest chemical manufacturers, a refiner of heavy, high-sulfur crude oil and a significant producer of fuel products.

Key products include ethylene, polyethylene, styrene, propylene, propylene oxide, gasoline, ultra low-sulfur diesel, MTBE and ETBE. Lyondell products are the building blocks for countless goods and products that people use every day, such as food packaging, household furnishings, detergents, cosmetics, automotive parts, construction and home-building materials, paints and coatings and many other applications.

Equistar Chemicals, LP; Houston Refining LP and Millennium Chemicals Inc. are wholly owned subsidiaries of Lyondell.

About 85 percent of the furniture manufactured worldwide uses flexible urethane foam cushioning, a major application for Lyondell's propylene oxide.

Lyondell has operations on five continents. It holds more than 500 U.S. patents and approximately 1,250 patents worldwide.

In 2006, Lyondell reported revenues of $22.2 billion and net income of $186 million.

History

Lyondell is formed in 1985 from selected chemical and refining assets of Atlantic Richfield Company (ARCO).

In 1989, Lyondell is spun off from ARCO, becoming a public company listed on the New York Stock Exchange.

Benefits

In the United States, eligible employees may participate in plans that include:
- Medical
- Dental
- Vision
- Life Insurance
- Accidental Death & Dismemberment (AD&D)
- Short- and Long-Term Disability (STD and LTD)
- 401(k) and Savings
- Retirement
- Dependent and Health Care Spending Accounts
- Employee Assistance Program (EAP)
- Paid Vacation and Holidays
- Educational Assistance
- Matching Gifts and Volunteer Grants for Charitable Activities

At our operations in Europe, Asia and other locations outside the United States, Lyondell provides a pay and benefits package for employees that is competitive within each geographical region and supports its commitment to provide premium benefits and pay in return for premium results.

Updated November 25, 2007