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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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Phillips 66 (PSX) Q1 2021 Earnings Call Transcript

Phillips 66 (PSX) Q1 2021 Earnings Call Transcript
Motley Fool Transcribers
© The Motley Fool
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Phillips 66 (NYSE: PSX)
Operator
Welcome to the First Quarter 2021 Phillips 66 Earnings Conference Call. My name is Hilary and I will be your operator for today s call. [Operator Instructions]
I will now turn the call over to Jeff Dietert, Vice President, Investor Relations. Jeff, you may begin.SPONSORED:
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CITGO Releases First-Ever Report on Environmental, Social & Governance Initiatives

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. ....

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CITGO Releases First-Ever ESG Report

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HOUSTON, Dec. 29, 2020 /PRNewswire/ Marking a new chapter of heightened corporate transparency, responsibility and accountability, CITGO Petroleum Corporation today released its first-ever report detailing the company s extensive environmental, social and governance (ESG) initiatives. Information contained in this release highlights the Company s progress in 2019 consistent with the accompanying report, as well as certain elements of its 2020 ESG progress.
The new report, entitled A Clear Direction Forward, represents a significant shift in the company s prior approach to corporate responsibility reporting, with an increased emphasis on ethics and governance accountability.
A Clear Direction Forward places CITGO among a growing number of forward-thinking corporations choosing to issue regular ESG reports, a more comprehensive and transparent method of reporting sustainability and societal impact metrics to a broader group o ....

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