Lyondell Chemical Company Declares Quarterly Dividend

Lyondell Chemical Company Declares Quarterly Dividend 


HOUSTON, July 8  /PRNewswire-FirstCall/ -- On July 8, 2004, the Board of
Directors of Lyondell Chemical Company (NYSE:LYO) declared a regular quarterly
dividend of $0.225 per share of common stock to stockholders of record as of
the close of business on August 25, 2004.

Lyondell has two series of common stock outstanding: Common Stock and Series B
Common Stock.  The regular quarterly dividend on each share of outstanding
Common Stock is payable in cash on September 15, 2004.  Lyondell has elected to
pay the regular quarterly dividend on each share of outstanding Series B Common
Stock in kind in the form of additional shares of Series B Common Stock on
September 29, 2004.

Lyondell Chemical Company, (http://www.lyondell.com/ ), headquartered in
Houston, Texas, is a leading producer of: propylene oxide (PO); PO derivatives,
propylene glycol (PG), butanediol (BDO) and propylene glycol ether (PGE); and
styrene monomer and MTBE as co-products of PO production. Through its 70.5%
interest in Equistar Chemicals, LP, Lyondell also is one of the largest
producers of ethylene, propylene and polyethylene in North America and a
leading producer of ethylene oxide, ethylene glycol, high value-added specialty
polymers and polymeric powder.  Through its 58.75% interest in LYONDELL-CITGO
Refining LP, Lyondell is one of the largest refiners in the United States
processing extra heavy Venezuelan crude oil to produce gasoline, low sulfur
diesel and jet fuel. 

DATASOURCE: Lyondell Chemical Company



CONTACT:  media, Susan Moore, [phone], or investors, Douglas J.

Pike, [phone], both of Lyondell Chemical Company



Web site:  http://www.lyondell.com/ 

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