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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.

08/11/2020 Simón Bolívar Foundation Announces $1 Million in Humanitarian Health Grants

The Simón Bolívar Foundation, the charitable, private foundation of CITGO Petroleum Corporation, has entered into grant agreements with the following three prominent international nonprofit...

Categories: Simon Bolivar Foundation
08/10/2020 CITGO announces retirement of Vice President of Finance and CFO Curtis Rowe

CITGO Petroleum Corporation announced today that Mr. Curtis Rowe, Vice President of Finance and Chief Financial Officer, is retiring effective Friday, August 21, 2020, after serving in various...

Categories: Houston, National, Personnel
07/22/2020 Delaware Supreme Court Affirms Judgment Supporting CITGO Board Of Directors

Today, PDV Holding, CITGO Holding, and CITGO Petroleum secured a swift and unanimous victory in the Delaware Supreme Court in the matter of Jimenez v. Palacios. The boards of these three entities...

Categories: Houston, National
07/17/2020 CITGO Appoints Edgar Rincon as Chief Operating Officer and Executive Vice President

The Board of Directors of CITGO Petroleum Corporation has appointed Edgar Rincon as Chief Operating Officer (COO) and Executive Vice President, reporting to CITGO President and CEO Carlos Jordá...

Categories: Houston, National, Personnel
07/15/2020 Pérez Barreiro, Laprea-Bigott, Jordá Named to CITGO Board of Directors

The CITGO Petroleum Corporation Board of Directors announced today that Pablo Pérez Barreiro, Marcelo Laprea-Bigott and Carlos Jordá have been named to the Board of Directors. "Pablo Pérez...

Categories: Houston, National, Personnel
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
Company Profile

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

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