Marathon Pipe Line was honored with the 2023 American Petroleum Institute Distinguished Pipeline Safety Award in the large operator category for its commitment to safety and industry-leading initiatives.MPL
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HOUSTON, May 7, 2021 /PRNewswire/ Despite the unprecedented challenge COVID-19 presented for refiners, CITGO Petroleum Corporation continued to make strong progress in optimizing operational performance, aggressively managing costs and building on strategic initiatives to strengthen corporate governance, compliance and business ethics. CITGO results for FY 2020 were heavily affected by ongoing pandemic-driven market challenges affecting the entire refining sector – and the impact of two Gulf Coast hurricanes.
The CITGO Petroleum Corporation Board of Directors recently reviewed the Company s 2020 fourth quarter and annual financial results with the PDVSA Ad Hoc board. Since 2019, the new CITGO Board and management team have remained committed to transparency and are releasing publicly the Company s first annual results and performance report in nearly 15 years. The report can be accessed here.
CITGO Releases First-Ever Report on Environmental, Social & Governance Initiatives
HOUSTON For the first time ever, CITGO Petroleum Corp. released a report detailing its environment, social and governance (ESG) initiative.
Titled
A Clear Direction Forward, the report represents a significant shift in CITGO s approach to corporate responsibility reporting, with an increased emphasis on ethics and governance accountability, according to the company. CITGO has never been more dedicated to our core values of environmental stewardship, integrity, respect, fairness, social responsibility, operational availability and competitiveness, said CITGO President and CEO Carlos Jordá. This report shows those CITGO core values at work.
Jordá cited improved corporate governance as a particular area of emphasis.