Newsroom - CITGO
CITGO is a refiner, transporter, and marketer of transportation fuels, lubricants, petrochemicals and other petroleum-based industrial products. Learn More.
Press Releases | CITGO
Sep 26, 2024 · CITGO Raises Record-Breaking $1,000,000 for MDA. Nearly 350 golfers gathered in Houston to play for a cure, raising more than $1,000,000 for the Muscular Dystrophy Association (MDA), an all-time fundraising record for the event. Other...
CITGO Reports First Quarter 2023 Results
May 10, 2023 · CITGO Reports First Quarter 2023 Results. Net income of $937 million and EBITDA 1 of $1.4 billion, compared to net income of $806 million and EBITDA of $1.2 billion for the fourth quarter of 2022. The Lake Charles Refinery increased its nameplate capacity by 38,000 barrels-per-day (bpd) to 463,000 bpd, bringing the total nameplate capacity of ...
CITGO Reports Fourth Quarter and Full-Year 2023 Results
HOUSTON, March 7, 2024 /PRNewswire/ -- CITGO Petroleum Corporation ("CITGO" or "CITGO Petroleum") today reported its 2023 fourth quarter and full-year financial and operational results, with fourth quarter net income of $154 million, EBITDA of $396 million and Adjusted EBITDA of $411 million driven by less favorable refinery gross margins ...
CITGO Reports Second Quarter 2022 Results
Aug 11, 2022 · Reported second quarter net income of $1.29 billion and EBITDA 1 of $1.86 billion. Exceptional health, safety and environmental performance. Record-setting refinery utilization and throughput. Received two AFPM Safety Achievement awards.
CITGO Makes Leadership Appointments
HOUSTON , Dec. 21, 2022 /PRNewswire/ -- CITGO Petroleum Corporation named Jim Cristman Vice President and General Manager Lemont Refinery and named Dennis Willig Vice President and General Manager Corpus Christi Refinery. This change is effective Jan. 1, 2023.
CITGO Reports First Quarter 2024 Results
May 9, 2024 · Projected turnaround, catalyst and capital expenditures for 2024 total approximately $1.1 billion. Achieved quarter-end liquidity of $4.5 billion, including full availability under CITGO's $500 million accounts receivable securitization facility, which was recently extended to April 2026. About CITGO.
CITGO Petroleum Corporation Completes $1.10 Billion Senior …
HOUSTON, Sept. 20, 2023 /PRNewswire/ -- CITGO Petroleum Corporation ("CITGO") confirmed today it has completed its previously announced private offering of $1.10 billion aggregate principal amount of 8.375% senior secured notes due 2029 (the "notes").
CITGO Achieves Substantial Judicial Award
HOUSTON, July 24, 2024 /PRNewswire/ -- This month, CITGO Petroleum Corp. achieved a substantial judicial award in a multi-year effort to expose a corrupt contracting conspiracy that defrauded CITGO and its parent companies through a complex international bribery scheme.
CITGO Enters 2022 With Strong Momentum
Mar 31, 2022 · CITGO Enters 2022 With Strong Momentum. Profitable 4Q Marks Best Results Since 3Q 2019. HOUSTON, March 31, 2022 /PRNewswire/ -- CITGO Petroleum Corporation today reported its 2021 fourth quarter and year-end financial results. For the fourth quarter of 2021, CITGO generated net income of $21 million, EBITDA 1 of $236 million and adjusted …