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CITGO FY 2020: Strong Performance Despite Challenging Market Conditions

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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. ....

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Citgo names Steven Scarpino as first stand-alone CECO

By Aaron Nicodemus2021-04-26T20:02:00+01:00
Citgo Petroleum Corp. on April 22 announced the appointment of its first stand-alone chief compliance officer to report directly to the CEO and audit committee of the board of directors.
Steven Scarpino will serve as Citgo’s chief compliance and ethics officer, the company said in a press release. Scarpino previously worked as director of ethics and compliance at British Petroleum from 2009 to earlier this year, according to his LinkedIn profile.
“CITGO is committed to the highest standards of ethics, integrity and compliance – just as we are committed to excellence in operational performance,” said President and CEO Carlos Jordá in a press release. “Steven brings nearly two decades of leadership in corporate ethics and compliance, and we welcome him to this vitally important position at CITGO.” ....

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CITGO Names Steven Scarpino New Chief Compliance & Ethics Officer

CITGO Names Steven Scarpino New Chief Compliance & Ethics Officer
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HOUSTON, April 22, 2021 /PRNewswire/
CITGO Petroleum Corporation announced the appointment of Steven Scarpino as the company s new Chief Compliance & Ethics Officer, overseeing all facets of the company s existing compliance and ethics program. This position was previously part of the responsibilities of Jack Lynch, the Company s Vice President Legal and Government Affairs.
CITGO is committed to the highest standards of ethics, integrity and compliance – just as we are committed to excellence in operational performance, said Carlos Jordá, President and Chief Executive Officer of CITGO. Steven brings nearly two decades of leadership in corporate ethics and compliance, and we welcome him to this vitally important position at CITGO. ....

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Saturday Volunteer Event Caps Three-Year 'Fueling Good, Rebuilding Lives' CITGO/Rebuilding Together Partnership

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HOUSTON, April 17, 2021 /PRNewswire/ Saturday, April 17 marks the culmination of the three-year Fueling Good, Rebuilding Lives charitable partnership between CITGO and Rebuilding Together Houston. Appropriately, TeamCITGO volunteers will gather to repaint a local residence in the Independence Heights community.
Launched to help Houston-area communities in need recover from 2017 s Hurricane Harvey, the program has done enormous good in the community, supporting the renovation of more than 186 homes for those in need in the Independence Heights community and surrounding areas.
The people of CITGO are proud members of the Houston community, said CITGO President and CEO Carlos Jordá, It s been a privilege to pitch in to help our neighbors in need recover from the devastating impacts of Hurricane Harvey. ....

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CITGO Steps up After Severe Winter Storms Hit Texas, Louisiana

Press release content from PR Newswire. The AP news staff was not involved in its creation.
CITGO Steps up After Severe Winter Storms Hit Texas, Louisiana
March 12, 2021 GMT
CITGO Logo (PRNewsfoto/CITGO Corporation)
HOUSTON, March 12, 2021 /PRNewswire/ In the wake of severe, back-to-back mid-February winter storms that seriously impacted Texas and Louisiana, CITGO stepped up to provide ongoing support to affected communities. The intense, damaging storms prompted a major disaster declaration from the Federal Government, and both Texas and Louisiana declared emergencies in impacted counties.
“With CITGO refineries in Corpus Christi, Texas and Lake Charles, Louisiana, and our corporate headquarters in Houston, the lion’s share of our employees experienced these devastating storms first-hand,” said CITGO President and CEO Carlos Jordá. “These are the communities where we live, so we immediately moved to lend a hand.” ....

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