-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Kw0+o1OykWsXhMHp2bBzSscbX2YzEohi1Xpsk5TGhCxXF0M/lRebaHRw+hqfpNtM XBcQYPiB+35RR9/fuX7CSw== 0000899243-95-000880.txt : 19951218 0000899243-95-000880.hdr.sgml : 19951218 ACCESSION NUMBER: 0000899243-95-000880 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950630 FILED AS OF DATE: 19951215 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: LYONDELL PETROCHEMICAL CO CENTRAL INDEX KEY: 0000842635 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] IRS NUMBER: 954160558 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10145 FILM NUMBER: 95601824 BUSINESS ADDRESS: STREET 1: 1221 MCKINNEY ST STREET 2: STE 1600 CITY: HOUSTON STATE: TX ZIP: 77010 BUSINESS PHONE: 7136527200 MAIL ADDRESS: STREET 1: 1221 MCKINNEY ST STREET 2: SUITE 1600 CITY: HOUSTON STATE: TX ZIP: 77010 11-K 1 FORM 11-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K (Mark One) [X] Annual Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934 (Fee Required) For the fiscal year ended June 30, 1995 OR [ ] Transition report pursuant to Section 15(d) of the Securities Exchange Act of 1934 (No Fee Required) For the transition period from Commission File Number 33-26867 LYONDELL PETROCHEMICAL COMPANY CAPITAL ACCUMULATION PLAN FOR NON-REPRESENTED EMPLOYEES (Title of the Plan) LYONDELL PETROCHEMICAL COMPANY 1221 McKinney Street Suite 1600 Houston, Texas 77010 (Name and address of principal executive office of the issuer of the securities) FINANCIAL STATEMENTS OF THE LYONDELL PETROCHEMICAL COMPANY CAPITAL ACCUMULATION PLAN FOR NON-REPRESENTED EMPLOYEES INDEX TO FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
PAGE ---- Report of Independent Accountants 2 Financial Statements: Statement of Net Assets Available for Benefits as of June 30, 1995 and 1994 3 Statement of Changes in Net Assets Available for Benefits with Fund Information for the year ended June 30, 1995 4 Notes to Financial Statements 5 Supplemental Schedules: Item 27a - Schedule of Assets Held for Investment Purposes as of and for the year ended June 30, 1995 9 Item 27d - Schedule of Reportable Transactions for the year ended June 30, 1995 10
1 REPORT OF INDEPENDENT ACCOUNTANTS To the Benefits Administrative Committee of the Lyondell Petrochemical Company Capital Accumulation Plan for Non-Represented Employees: We have audited the accompanying statement of net assets available for benefits of the Lyondell Petrochemical Company Capital Accumulation Plan for Non- Represented Employees (the "Plan") as of June 30, 1995 and 1994, and the related statement of changes in net assets available for benefits for the year ended June 30, 1995. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of June 30, 1995 and 1994, and the changes in net assets available for benefits for the year ended June 30, 1995 in conformity with generally accepted accounting principles. Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of assets held for investment purposes and reportable transactions are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The Fund Information in the statement of changes in net assets available for benefits is presented for purposes of additional analysis rather than to present the changes in net assets available for benefits of each fund. The supplemental schedules and Fund Information have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. Coopers & Lybrand L.L.P. Los Angeles, California December 6, 1995 2 LYONDELL PETROCHEMICAL COMPANY CAPITAL ACCUMULATION PLAN FOR NON-REPRESENTED EMPLOYEES STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS AS OF JUNE 30, 1995 AND 1994
1995 1994 ------------ ------------ ASSETS Investments, at fair value: Lyondell common stock (1995 - 1,414,306 shares, cost $31,632,558) (1994 - 1,223,629 shares, cost $26,255,750) $36,241,591 $30,131,864 ARCO common stock (1995 - 106,873 shares, cost $7,466,571) (1994 - 109,437 shares, cost $7,426,459) 11,729,312 11,189,933 ARCO Chemical Company common stock (1994 - 609 shares, cost $23,122) - - - 27,633 Money Market Fund 10,199,381 8,150,472 Equity Fund (1995 - 64,066 units, cost $2,624,939) (1994 - 57,183 units, cost $2,233,423) 3,627,673 2,589,118 Bond Fund (1995 - 62,064 units, cost $877,080) (1994 - 68,146 units, cost $956,320) 1,007,113 998,929 ----------- ----------- Total investments 62,805,070 53,087,949 Participant loans receivable 2,902,000 3,134,259 Restoration payment receivable (Note 5) - - - 471,222 Other assets 294,179 76,874 ----------- ----------- Total assets 66,001,249 56,770,304 LIABILITIES Amounts payable for securities purchased and other accrued liabilities - - - 42,911 ----------- ----------- Net assets available for benefits $66,001,249 $56,727,393 =========== ===========
See notes to financial statements. 3
LYONDELL PETROCHEMICAL COMPANY CAPITAL ACCUMULATION PLAN FOR NON-REPRESENTED EMPLOYEES STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION FOR THE YEAR ENDED JUNE 30, 1995 PARTICIPANT DIRECTED -------------------------------------------------------------------------------------- ARCO CHEMICAL LYONDELL ARCO COMMON VASTAR MONEY EQUITY PLAN TOTAL COMMON STOCK COMMON STOCK STOCK COMMON STOCK MARKET FUND FUND ------------- -------------- ------------- -------- ------------ ------------- ----------- Contributions: Company $ 2,958,022 Participant 3,330,360 $ 1,565,330 $ 961,509 $ 682,683 ------------------------------------------------------------------------------------------------------- Total 6,288,382 1,565,330 961,509 682,683 ------------------------------------------------------------------------------------------------------- Benefits paid to participants (2,495,233) (159,784) $ (111,034) (1,878,475) ------------------------------------------------------------------------------------------------------- Investment income: Dividends on common stock 1,764,361 448,883 593,092 Earnings on other investments 690,574 484,062 Net appreciation in the fair value of investments 2,971,652 617,162 812,068 $ 1,131 $ 546 706,154 ------------------------------------------------------------------------------------------------------- Net investment income 5,426,587 1,066,045 1,405,160 1,131 546 484,062 706,154 ------------------------------------------------------------------------------------------------------- Amounts transferred from (to): LCR Capital Accumulation Plan (Non-Represented) 11,501 (4,110) 5,838 20,873 (5,001) Vastar Capital Accum. Plan II 58,333 42,399 3,492 11,834 360 ARCO Capital Accum. Plan II (26,340) (3,341) (7,316) (10,141) ARCO Chem. Capital Accum. Plan 10,626 7,596 1,108 997 Net transfers between invest. options - - - 356,688 (795,668) (36,360) (4,038) 2,247,133 (346,638) ------------------------------------------------------------------------------------------------------- Net increase (decrease) 9,273,856 2,820,828 539,379 (27,633) - - - 1,837,903 1,038,555 Net assets available for benefits: Beginning of year 56,727,393 11,332,449 11,189,933 27,633 - - - 8,655,657 2,589,118 ------------------------------------------------------------------------------------------------------- End of year $66,001,249 $14,153,277 $11,729,312 $ - - - $ - - - $10,493,560 $3,627,673 =======================================================================================================
PARTICIPANT NON-PARTICIPANT DIRECTED DIRECTED ----------------------------- ------------------- BOND PARTICIPANT LYONDELL FUND LOANS COMMON STOCK ------------- -------------- ------------- Contributions: Company $ 2,958,022 Participant $ 120,838 ------------------------------------------------- Total 120,838 2,958,022 ------------------------------------------------- Benefits paid to participants (345,940) ------------------------------------------------- Investment income: Dividends on common stock 722,386 Earnings on other investments $ 206,512 Net appreciation in the fair value of investments 91,479 743,112 ------------------------------------------------- Net investment income 91,479 206,512 1,465,498 ------------------------------------------------- Amounts transferred from (to): LCR Capital Accumulation Plan (Non-Represented) 718 (6,817) Vastar Capital Accum. Plan II 248 ARCO Capital Accum. Plan II (5,542) ARCO Chem. Capital Accum. Plan 925 Net transfers between invest. options (205,306) (439,489) (776,322) ------------------------------------------------- Net increase (decrease) 8,184 (232,259) 3,288,899 Net assets available for benefits: Beginning of year 998,929 3,134,259 18,799,415 ------------------------------------------------- End of year $1,007,113 $2,902,000 $22,088,314 =================================================
See notes to financial statements. 4 LYONDELL PETROCHEMICAL COMPANY CAPITAL ACCUMULATION PLAN FOR NON-REPRESENTED EMPLOYEES NOTES TO FINANCIAL STATEMENTS 1. DESCRIPTION OF PLAN The Lyondell Petrochemical Company Capital Accumulation Plan for Non- Represented Employees (the "Plan") is a defined contribution plan for non- represented employees and deferred vested retirees of Lyondell Petrochemical Company (the "Company" or "Lyondell"). All participant assets are held in trust. Participant's contributions are invested by the Trustee in accordance with the investment option or options selected by each participant. That portion of a participant's account derived from the participant's own contributions and earnings thereon may be invested in the following alternatives or any combination thereof: common stock of the Company, units of the Equity Fund, units of the Bond Fund or units of the Money Market Fund. When investing in common stock of the Company, the participant may designate that the common stock be held either in the ESOP fund (that part of the Plan qualified as an employee stock ownership plan under Section 4975(e)(7) of the Internal Revenue Code) or in the non-ESOP fund. Dividends on common stock held in the non-ESOP fund are reinvested in the common stock of the Company and held in the participant's plan account. Dividends on common stock held in the ESOP fund are reinvested in the Money Market Fund and held in the participant's plan account. All Company contributions are made in the form of common stock of the Company or cash to be used to purchase common stock of the Company and are invested in the ESOP fund. On July 1, 1993, the Company and CITGO Petroleum Corporation ("CITGO") announced the commencement of operations of LYONDELL-CITGO Refining Company Ltd. ("LCR"). LCR adopted the LYONDELL-CITGO Refining Company Ltd. Capital Accumulation Plan for Non-Represented Employees (the "LCR Plan") which is substantially similar to the Plan. All participants of the Plan who became employees of LCR as of July 1, 1993 continued to participate in the Plan until August 23, 1993. On August 23, 1993, participants of the Plan who became employees of LCR had the assets attributable to their participation in the Plan transferred to the LCR Plan. Employees of ARCO or ARCO Chemical who became employees of the Company had their assets attributable to their participation in the Atlantic Richfield Company Capital Accumulation Plan II or ARCO Chemical Company Capital Accumulation Plan (which assets included ARCO common stock and ARCO Chemical common stock) transferred to the Plan. ARCO common stock may be held or sold within the Plan; however, no new purchases of ARCO common stock may be made except upon reinvestment of dividends from the common stock. Effective June 16, 1995, ARCO Chemical common stock was no longer available as an investment alternative in the Plan. Under plan provisions, participants, upon reaching normal retirement age of 65, are distributed their account balances within 60 days of their retirement, or, if the participant so elects, in the calendar year following such retirement. If a participant terminates employment, for any reason, prior to normal retirement age, the participant's account balance will be distributed upon attainment of age 65 or anytime the participant makes application to receive the funds prior to age 65. A participant may elect within sixty days of termination to receive an immediate distribution or defer receipt until the following calendar year. 5 LYONDELL PETROCHEMICAL COMPANY CAPITAL ACCUMULATION PLAN FOR NON-REPRESENTED EMPLOYEES NOTES TO FINANCIAL STATEMENTS 1. DESCRIPTION OF PLAN (CONTINUED) Participants are allowed to contribute from 1% to 12% of their base pay to the Plan through payroll deductions. The Company makes matching contributions to the participant's account at 150% of the participant's contribution, up to a Company contribution of 6% of the participant's base salary. All contributions and earnings are fully vested and nonforfeitable. All contributions and earnings are allocated to individual participant accounts on an equity basis. Participants should refer to the Plan document for a complete description of the Plan. Although it has not expressed any intent to do so, the Company has the right to discontinue its contributions at any time or terminate the Plan subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"). In the event of Plan termination, all participants will be fully vested in their accounts and all assets of the Plan will continue to be held for distribution to participants as provided in the Plan. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting The financial statements of the Plan are prepared under the accrual method of accounting. Investments Investments in common stock of the Company and ARCO are valued at fair value based on quoted market prices in an active market as of the last business day of the Plan's fiscal year. All other investment options are valued at net asset value as of the last business day of the Plan's fiscal year. Net asset value is the fair value of all securities plus accruals for dividend income, interest income, and investment management expenses. The value per unit is determined by dividing the net asset value by number of units outstanding. Short-term and certain other investments are valued at cost which approximates fair value. Purchases and sales of securities are accounted for on a trade date basis (the date the order to buy or sell is executed). Gains or losses on the sale or distribution of securities is computed on a first-in-first-out basis. Dividend income is accrued on the ex-dividend date and interest income is accrued as earned. The Plan presents in the statement of changes in net assets available for benefits the net appreciation or depreciation in the fair value of its investments which consists of the realized gains or losses and the unrealized appreciation or depreciation on those investments. Plan Expenses All costs of administering the Plan are paid by the Company. 6 LYONDELL PETROCHEMICAL COMPANY CAPITAL ACCUMULATION PLAN FOR NON-REPRESENTED EMPLOYEES NOTES TO FINANCIAL STATEMENTS 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Participant Loans Participant loans are interest-bearing loans taken by participants against their respective account balances. The interest rate currently charged for loans is a fixed rate equal to the average prime rate reported in The Wall Street Journal as of the last business day of the month preceding the date the loan application is received by the Lyondell Petrochemical Company Capital Accumulation Plan for Non-Represented Employees Administrative Committee. Interest rates range from 6 percent to 9.5 percent. A loan may be taken by participants for a period from one to five years. Repaid principal and interest are credited to the participant's Money Market Fund account. The loans are collateralized by the balance in the participant's account. Payment of Benefits Benefits are recorded when paid. 3. TAX STATUS The Plan is a qualified plan under Sections 401(a) and (k) of the Internal Revenue Code of 1986, as amended ("Code") and is a qualified employee stock ownership plan under Section 4975(e)(7) of the Code. The Plan has received a favorable determination letter from the Internal Revenue Service ("IRS"). Accordingly, no provision is made for federal income taxes. Subsequent Plan amendments are not included in the IRS's ruling. The Company believes that the Plan, as presently amended, will continue to qualify under applicable provisions of the Code. The Plan as amended was submitted to the IRS on June 30, 1995 for a favorable determination letter. 4. RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500 The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500.
JUNE 30 -------------------------- 1995 1994 ------------ ------------ Net assets available for benefits per the financial statements $66,001,249 $56,727,393 Amounts allocated to withdrawing participants (386,700) (180,369) -------------------------- Net assets available for benefits per the Form 5500 $65,614,549 $56,547,024 ==========================
7 LYONDELL PETROCHEMICAL COMPANY CAPITAL ACCUMULATION PLAN FOR NON-REPRESENTED EMPLOYEES NOTES TO FINANCIAL STATEMENTS 4. RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500 (CONTINUED) The following is a reconciliation of benefits paid to participants per the financial statements to the Form 5500.
YEAR ENDED JUNE 30, 1995 -------------- Benefits paid to participants per the financial statements $2,495,233 Add: Amounts allocated to withdrawing participants at June 30, 1995 386,700 Less: Amounts allocated to withdrawing participants at June 30, 1994 (180,369) ---------- Benefits paid to participants per the Form 5500 $2,701,564 ==========
Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to June 30 but not yet paid as of that date. 5. RESTORATION PAYMENT On December 1, 1994, after receiving a favorable ruling from the IRS, ARCO made a restoration payment to the Plan which constituted a reimbursement of principal and interest with respect to certain losses incurred by the Plan on April 30, 1994. 6. VALUATION OF EQUITY AND BOND FUND UNITS
EQUITY FUND BOND FUND -------------------------- ------------------------ NO. OF UNITS UNIT VALUE NO. OF UNITS UNIT VALUE ----------------------------------------------------- September 30, 1994 59,633 $47.33 76,297 $14.53 December 31, 1994 62,508 $46.99 66,747 $14.54 March 31, 1995 63,031 $51.52 50,325 $15.31 June 30, 1995 64,066 $56.62 62,064 $16.23
7. SUBSEQUENT EVENTS Effective as of July 1, 1995, the Lyondell Petrochemical Company Savings Plan for Non-Represented Employees ("Savings Plan") was merged into the Plan and the assets of the Savings Plan were subsequently transferred into the Plan. Effective as of July 1, 1995, the Plan was amended and its name was changed to "Lyondell Petrochemical Company 401(k) and Savings Plan." 8 LYONDELL PETROCHEMICAL COMPANY CAPITAL ACCUMULATION PLAN FOR NON-REPRESENTED EMPLOYEES SUPPLEMENTAL SCHEDULES EIN: 95-4160558, P/N 005 ITEM 27A - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AS OF JUNE 30, 1995
- ------------------------------------------------------------------------------------------------------------------------------------ (a) (b) IDENTITY OF ISSUE, (C) DESCRIPTION OF INVESTMENT (D) COST (E) CURRENT BORROWER, LESSOR, OR SIMILAR INCLUDING MATURITY DATE, RATE VALUE PARTY OF INTEREST, COLLATERAL, PAR OR MATURITY VALUE ==================================================================================================================================== ARCO common stock Par value $2.50 $ 7,466,571 $11,729,312 - ------------------------------------------------------------------------------------------------------------------------------------ Lyondell common stock Par value $1.00 $31,632,558 $36,241,591 - ------------------------------------------------------------------------------------------------------------------------------------ Money Market Fund Cash and cash equivalents with variable interest rates $10,199,381 $10,199,381 - ------------------------------------------------------------------------------------------------------------------------------------ Equity Fund Par value $15.33 $ 2,624,939 $ 3,627,673 - ------------------------------------------------------------------------------------------------------------------------------------ Bond Fund Par value $10.00 $ 877,080 $ 1,007,113 - ------------------------------------------------------------------------------------------------------------------------------------ Participant Loans Various interest rates ranging from 6% to 9.5%; maturing between 1 and 5 years $ 2,902,000 ====================================================================================================================================
ITEM 27A - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES WHICH WERE BOTH ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR FOR THE YEAR ENDED JUNE 30, 1995
============================================================================================================= (A) IDENTITY OF ISSUE, (B) DESCRIPTION OF INVESTMENT (C) COST OF (D) PROCEEDS OF BORROWER, LESSOR, OR SIMILAR INCLUDING MATURITY DATE, RATE ACQUISITIONS DISPOSITIONS PARTY OF INTEREST, COLLATERAL, PAR OR MATURITY VALUE ============================================================================================================= ARCO common stock Par value $2.50 $ 18,929 $ 19,618 - ------------------------------------------------------------------------------------------------------------- Lyondell common stock Par value $1.00 $470,218 $450,008 - ------------------------------------------------------------------------------------------------------------- ARCO Chemical Company common stock Par value $1.00 $ 3,189 $ 3,179 - ------------------------------------------------------------------------------------------------------------- Vastar Resources, Inc. common stock Par value $ .01 $ 3,743 $ 4,048 - ------------------------------------------------------------------------------------------------------------- Equity Fund Par value $15.33 $134,392 $138,120 - ------------------------------------------------------------------------------------------------------------- Bond Fund Par value $10.00 $128,674 $127,063 =============================================================================================================
9 LYONDELL PETROCHEMICAL COMPANY CAPITAL ACCUMULATION PLAN FOR NON-REPRESENTED EMPLOYEES SUPPLEMENTAL SCHEDULES (CONTINUED) EIN: 95-4160558, P/N 005 ITEM 27D - SCHEDULE OF REPORTABLE TRANSACTIONS FOR THE YEAR ENDED JUNE 30, 1995
==================================================================================================================================== (A) IDENTITY OF PARTY (B) DESCRIPTION OF (C) PURCHASE (D) SELLING (E) LEASE (F) EXPENSE INVOLVED ASSET (INCLUDE INTEREST PRICE PRICE RENTAL INCURRED RATE AND MATURITY IN WITH CASE OF A LOAN) TRANSACTION ==================================================================================================================================== ARCO common stock Par value $2.50 $ 593,046 N/A N/A - ------------------------------------------------------------------------------------------------------------------------------------ ARCO common stock Par value $2.50 $ 905,656 N/A N/A - ------------------------------------------------------------------------------------------------------------------------------------ Lyondell common stock Par value $1.00 $8,374,387 N/A N/A - ------------------------------------------------------------------------------------------------------------------------------------ Lyondell common stock Par value $1.00 $3,605,124 N/A N/A - ------------------------------------------------------------------------------------------------------------------------------------ ARCO Chemical Company common stock Par value $1.00 $ 1,148 N/A N/A - ------------------------------------------------------------------------------------------------------------------------------------ ARCO Chemical Company common stock Par value $1.00 $ 37,508 N/A N/A - ------------------------------------------------------------------------------------------------------------------------------------ Vastar Resources, Inc. common stock Par value $ .01 N/A N/A - ------------------------------------------------------------------------------------------------------------------------------------ Vastar Resources, Inc. common stock Par value $ .01 $ 4,038 N/A N/A - ------------------------------------------------------------------------------------------------------------------------------------ Money Market Fund Cash and cash equivalents with $11,039,541 N/A N/A variable interest rates - ------------------------------------------------------------------------------------------------------------------------------------ Money Market Fund Cash and cash equivalents with $9,014,306 N/A N/A variable interest rates - ------------------------------------------------------------------------------------------------------------------------------------ Equity Fund Par value $15.33 $ 996,320 N/A N/A - ------------------------------------------------------------------------------------------------------------------------------------ Equity Fund Par value $15.33 $ 660,275 N/A N/A - ------------------------------------------------------------------------------------------------------------------------------------ Bond Fund Par value $10.00 $ 352,436 N/A N/A - ------------------------------------------------------------------------------------------------------------------------------------ Bond Fund Par value $10.00 $ 436,904 N/A N/A ====================================================================================================================================
======================================================================================== (A) IDENTITY OF PARTY (G) COST OF (H) CURRENT (I) NET INVOLVED ASSET VALUE OF ASSET GAIN OR ON TRANSACTION (LOSS) DATE ========================================================================================= ARCO common stock $ 593,046 $ - - - - ----------------------------------------------------------------------------------------- ARCO common stock $ 589,078 $ 906,656 $317,578 - ----------------------------------------------------------------------------------------- Lyondell common stock $ 8,374,387 $ - - - - ----------------------------------------------------------------------------------------- Lyondell common stock $2,977,697 $ 3,605,124 $627,427 - ----------------------------------------------------------------------------------------- ARCO Chemical Company common stock $ 1,148 $ - - - - ----------------------------------------------------------------------------------------- ARCO Chemical Company common stock $ 32,283 $ 37,508 $ 5,225 - ----------------------------------------------------------------------------------------- Vastar Resources, Inc. common stock $ - - - - ----------------------------------------------------------------------------------------- Vastar Resources, Inc. common stock $ 3,733 $ 4,038 $ 305 - ----------------------------------------------------------------------------------------- Money Market Fund $11,039,541 $ - - - - ----------------------------------------------------------------------------------------- Money Market Fund $9,014,306 $ 9,014,306 $ - - - - ----------------------------------------------------------------------------------------- Equity Fund $ 996,320 $ - - - - ----------------------------------------------------------------------------------------- Equity Fund $ 601,023 $ 660,275 $ 59,252 - ----------------------------------------------------------------------------------------- Bond Fund $ 352,436 $ - - - - ----------------------------------------------------------------------------------------- Bond Fund $ 432,807 $ 436,904 $ 4,097 =========================================================================================
10 LYONDELL PETROCHEMICAL COMPANY CAPITAL ACCUMULATION PLAN FOR NON-REPRESENTED EMPLOYEES SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the Plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. LYONDELL PETROCHEMICAL COMPANY CAPITAL ACCUMULATION PLAN FOR NON-REPRESENTED EMPLOYEES By /s/ Richard W. Park --------------------------------------- RICHARD W. PARK Chairman, Benefits Administrative Committee Date: December 14, 1995 11 EXHIBIT INDEX
SEQUENTIALLY EXHIBIT NUMBERED PAGE NO. EXHIBIT WHERE LOCATED - ------- ------- ------------- 24 Consent of Coopers & Lybrand L.L.P. 13
12 EX-24 2 CONSENT OF COOPERS & LYBRAND L.L.P. Exhibit 24 CONSENT OF INDEPENDENT ACCOUNTANTS We consent to the incorporation by reference in the following registration statement of the Lyondell Petrochemical Company Capital Accumulation Plan for Non-Represented Employees, Post-Effective Amendment No. 3 to Registration Statement on Form S-8 (No. 33-26867) of our report dated December 6, 1995, on our audits of the statement of net assets available for benefits of the Lyondell Petrochemical Company Capital Accumulation Plan for Non-Represented Employees as of June 30, 1995 and 1994, the related statement of changes in net assets available for benefits for the year ended June 30, 1995 and the supplemental schedules as of and for the year ended June 30, 1995, which report is included in this Annual Report on Form 11-K. Coopers & Lybrand L.L.P. Los Angeles, California December 14, 1995 -----END PRIVACY-ENHANCED MESSAGE-----