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Press Releases

Find information on a variety of topics including: financial performance; personnel announcements; business partner and community activities; and product news.

06/19/2020 The CITGO Simón Bolívar Foundation Launches Food Drive Grants For Communities in Need Including US-based Venezuelan Diaspora

In an effort to assist vulnerable communities cope with the COVID-19 pandemic, the Simón Bolívar Foundation, the non-profit, private foundation of CITGO Petroleum Corporation, is launching today...

Categories: National, Simon Bolivar Foundation
06/12/2020 CITGO Reports First Quarter 2020 Results

CITGO Petroleum Corporation ("CITGO") today reported its first quarter 2020 performance results, including a net loss of $159 million and an adjusted EBITDA1 of $38 million excluding the effect of...

Categories: Financial, Houston, National
06/09/2020 CITGO Corporation Debt Refinancing Strengthens Balance Sheet, Adds Flexibility

CITGO Petroleum Corporation (the "Company") confirmed today it has completed its previously announced refinancing transaction to pay-off the Company's existing term loan B due 2021 (the "Term Loan...

Categories: Financial, Houston, National
06/08/2020 CITGO Increases Availability of CITGARD® at FleetPride Service Centers

FleetPride Service Centers are bringing the CITGO family of lubricants to new customers across North America, as CITGO is now the primary supplier of engine oil and other lubricants at all...

Categories: CITGO Lubricants
06/02/2020 CITGO Announces Pricing of Upsized $1.125 Billion Senior Secured Notes Private Offering

CITGO Petroleum Corporation (the "Company") today announced that it has priced $1.125 billion aggregate principal amount of 7.00% senior secured notes due 2025 in a private offering exempt from...

Categories: Financial, Houston, National
06/02/2020 CITGO Petroleum Announces Proposed Private Offering of $750 Million of Senior Secured Notes

CITGO Petroleum Corporation (the "Company") today announced that it has commenced a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the...

Categories: Financial, Houston, National
05/20/2020 CITGO Private Foundation Announces Almost $500,000 in COVID-19 Donations for Venezuela

The Simón Bolívar Foundation Inc. (Simón Bolívar Foundation), the non-profit, private foundation of CITGO Petroleum Corporation, is awarding up to $278,380 from its COVID-19 Small Grants...

Categories: National, Simon Bolivar Foundation
05/06/2020 CITGO Private Foundation announces more support for Venezuela

The Simón Bolívar Foundation Inc., the non-profit, private foundation of CITGO Petroleum Corporation, announced today two grants of its Emergency Relief Fund to two nonprofit organizations...

Categories: National, Simon Bolivar Foundation
04/29/2020 CITGO Private Foundation announces early applicants' grantees for COVID-19 program

The Simón Bolívar Foundation Inc. ( Simón Bolívar Foundation ), the non-profit, private foundation of CITGO Petroleum Corporation, is awarding up to $200,000 to five non-profit organizations...

Categories: National, Simon Bolivar Foundation
04/06/2020 CITGO Reports Results for FY 2019

The CITGO Petroleum Corporation Board of Directors recently reviewed the Company's 2019 annual financial results with the PDVSA Ad Hoc board. The Company's steady financial and operational...

Categories: Financial, Houston, National
Company Profile

CITGO is a refiner, transporter, and marketer of transportation fuels, lubricants, petrochemicals and other petroleum-based industrial products.

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