Exhibit 12.1
LYONDELLBASELL INDUSTRIES N.V.
STATEMENT SETTING FORTH DETAIL FOR COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
STATEMENT SETTING FORTH DETAIL FOR COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
| Successor | Predecessor | |||||||||||||||||||||||||||
| For the | ||||||||||||||||||||||||||||
| Six Months | ||||||||||||||||||||||||||||
| Ended | For the Year Ended | |||||||||||||||||||||||||||
| May 1 | May 1, | January 1 | ||||||||||||||||||||||||||
| through | through | through | ||||||||||||||||||||||||||
| June 30, | December 31 | June 30, | April 30, | December 31, | December 31, | December 31, | ||||||||||||||||||||||
| Millions of dollars, except ratio data | 2011 | 2010 | 2010 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||||
| Income (loss) from continuing operations before income taxes | $ | 2,115 | $ | 1,686 | $ | 375 | $ | 7,191 | $ | (4,283 | ) | $ | (8,191 | ) | $ | 940 | ||||||||||||
| Deduct income (loss) from equity investments | 131 | 86 | 27 | 84 | (181 | ) | 38 | 162 | ||||||||||||||||||||
| Add distributions of earnings from equity investments | 107 | 34 | 28 | 18 | 26 | 98 | 148 | |||||||||||||||||||||
| Earnings adjusted for equity investments | 2,091 | 1,634 | 376 | 7,125 | (4,076 | ) | (8,131 | ) | 926 | |||||||||||||||||||
| Fixed charges: | ||||||||||||||||||||||||||||
| Interest expense, gross | 340 | 545 | 132 | 713 | 1,795 | 2,476 | 353 | |||||||||||||||||||||
| Portion of rentals representative of interest | 46 | 56 | 17 | 35 | 104 | 183 | 24 | |||||||||||||||||||||
| Total fixed charges before capitalized interest | 386 | 601 | 149 | 748 | 1,899 | 2,659 | 377 | |||||||||||||||||||||
| Capitalized interest | 1 | 2 | 2 | 4 | 35 | 13 | 3 | |||||||||||||||||||||
| Total fixed charges including capitalized interest | 387 | 603 | 151 | 752 | 1,934 | 2,672 | 380 | |||||||||||||||||||||
| Earnings before fixed charges | $ | 2,478 | $ | 2,237 | $ | 527 | $ | 7,877 | $ | (2,142 | ) | $ | (5,459 | ) | $ | 1,306 | ||||||||||||
| Ratio of earnings to fixed charges (a) | 6.40 | 3.71 | 3.49 | 10.47 | — | — | 3.44 | |||||||||||||||||||||
| (a) | For the years 2009 and 2008, earnings were insufficient to cover fixed charges by $4,076 million and $8,131 million, respectively. |