<PAGE>
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)
<PAGE>
FINANCIAL STATEMENTS OF THE LYONDELL PETROCHEMICAL COMPANY
CAPITAL ACCUMULATION PLAN FOR NON-REPRESENTED EMPLOYEES
INDEX TO FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
<TABLE>
<CAPTION>
PAGE
----
<S> <C>
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
</TABLE>
1
<PAGE>
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
<PAGE>
LYONDELL PETROCHEMICAL COMPANY CAPITAL ACCUMULATION PLAN
FOR NON-REPRESENTED EMPLOYEES
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF JUNE 30, 1995 AND 1994
<TABLE>
<CAPTION>
1995 1994
------------ ------------
<S> <C> <C>
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
=========== ===========
</TABLE>
See notes to financial statements.
3
<PAGE>
<TABLE>
<CAPTION>
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
------------- -------------- ------------- -------- ------------ ------------- -----------
<S> <C> <C> <C> <C> <C> <C> <C>
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
=======================================================================================================
</TABLE>
<TABLE>
<CAPTION>
PARTICIPANT NON-PARTICIPANT
DIRECTED DIRECTED
----------------------------- -------------------
BOND PARTICIPANT LYONDELL
FUND LOANS COMMON STOCK
------------- -------------- -------------
<S> <C> <C> <C>
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
=================================================
</TABLE>
See notes to financial statements.
4
<PAGE>
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
<PAGE>
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
<PAGE>
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.
<TABLE>
<CAPTION>
JUNE 30
--------------------------
1995 1994
------------ ------------
<S> <C> <C>
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
==========================
</TABLE>
7
<PAGE>
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.
<TABLE>
<CAPTION>
YEAR ENDED
JUNE 30, 1995
--------------
<S> <C>
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
==========
</TABLE>
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
<TABLE>
<CAPTION>
EQUITY FUND BOND FUND
-------------------------- ------------------------
NO. OF UNITS UNIT VALUE NO. OF UNITS UNIT VALUE
-----------------------------------------------------
<S> <C> <C> <C> <C>
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
</TABLE>
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
<PAGE>
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
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
(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
====================================================================================================================================
</TABLE>
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
<TABLE>
<CAPTION>
=============================================================================================================
(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
=============================================================================================================
<S> <C> <C> <C>
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
=============================================================================================================
</TABLE>
9
<PAGE>
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
<TABLE>
<CAPTION>
====================================================================================================================================
<S> <C> <C> <C> <C> <C>
(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
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
========================================================================================
<S> <C> <C> <C>
(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
=========================================================================================
</TABLE>
10
<PAGE>
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
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
SEQUENTIALLY
EXHIBIT NUMBERED PAGE
NO. EXHIBIT WHERE LOCATED
- ------- ------- -------------
<S> <C> <C>
24 Consent of Coopers & Lybrand L.L.P. 13
</TABLE>
12
<PAGE>
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
