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LyondellBasell was formed through a merger between Basell (a joint venture between BASF and Shell) and Lyondell, which was a major chemical producer dating back to the 1950s. Notably, the firm filed for bankruptcy in 2009 after the merger, following a heavy debt burden taken on for the 2007 merger. It was reorganized as LyondellBasell NV and relisted in 2010. LyondellBasell has five reportable segments, after exiting refining in 2025: olefins and polyolefins Americas (O&P A), olefins and polyolefins Europe-Asia-International (O&P EAI), intermediates and derivatives (I&D), advanced polymer solutions (APS), and technology.

BHP Group Limited is a global resources company primarily involved in the exploration, production, and processing of minerals. The company operates in the natural resources industry, with significant activities in iron ore, metallurgical coal, and copper mining. BHP's operations are geographically diverse, with major assets located in Australia, North America, and South America. Its headquarters are situated in Melbourne, Australia. The company has a strategic focus on sustainable mining practices and technological innovation to enhance productivity and environmental stewardship. BHP's competitive strengths include its scale of operations, diversified asset portfolio, and strong supply chain network.