-

Westlake Chemical Corporation Issues Statement Regarding European Commission Investigation

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Corporation (NYSE: WLK) today confirmed that one of its subsidiaries has been named in a European Commission decision regarding certain anti-competitive practices in the purchasing of ethylene that occurred prior to 2017.

The practices were uncovered as a result of Westlake’s internal compliance program. Westlake voluntarily disclosed these practices to the European Commission and fully cooperated with the related investigation. Based on the company’s voluntary notification and cooperation, the European Commission granted Westlake immunity from government fines.

Westlake is committed to fair and open competition. Westlake’s policies prohibit its employees from engaging in anti-competitive practices or other illegal or unethical behavior.

About Westlake

Westlake is a global manufacturer and supplier of materials and innovative products that enhance life every day. Headquartered in Houston, we provide the building blocks for vital solutions — from packaging and healthcare products to automotive and consumer goods, to building and construction products. For more information, visit the company's web site at www.westlake.com.

Contacts

Media Inquiries:
Westlake Chemical Corp.
Ben Ederington, 713-960-9111

or

Investor Inquiries:
Westlake Chemical Corp.
Steve Bender, 713-960-9111

Industry:

Westlake Chemical Corporation

NYSE:WLK
Release Versions
English

Contacts

Media Inquiries:
Westlake Chemical Corp.
Ben Ederington, 713-960-9111

or

Investor Inquiries:
Westlake Chemical Corp.
Steve Bender, 713-960-9111

More News From Westlake Chemical Corporation

Westlake Corporation Reports Fourth Quarter and Full Year 2025 Results

HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) (the "Company" or "Westlake") today announced fourth quarter and full year 2025 results. SUMMARY FINANCIAL HIGHLIGHTS ($ in millions except per share data and percentages)           Three Months Ended   Twelve Months Ended     December 31,   September 30,   December 31,   December 31,     2025   2025   2024   2025   2024 Westlake Corporation                               Net sales   $ 2,533     $ 2,838     $ 2,843     $ 11,170     $ 12,...

Westlake Corporation Appoints New Directors to its Board

HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) announced that Mr. Bhavesh V. “Bob” Patel and Mr. Jean-Marc Gilson, the President and Chief Executive Officer of the Company, have been elected to the company’s board of directors, effective February 20, 2026. “We are very pleased to welcome Bob to our board,” said Westlake Corporation Executive Chairman Albert Chao. “He brings a wealth of experience and in-depth knowledge of the chemicals and building materials industries and adds to t...

Westlake Corporation Declares Quarterly Dividend

HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Corporation (NYSE: WLK) today declared a regular dividend distribution of $0.53 per share for the fourth quarter of 2025. This dividend will be payable on March 18, 2026 to stockholders of record on March 3, 2026. Westlake announced its first dividend on November 11, 2004 and has successively been paying and increasing its dividend for the past 22 years. The statements in this release that are not historical facts, including statement...
Back to Newsroom