Venezuela has officially lost its most prized international asset: Citgo Petroleum, the 807,000-bbl/d U.S. refining arm of state-owned Petróleos de Venezuela (PDVSA). The final auction price went ...

The plaintiffs claimed Citgo's pension plans utilized mortality tables from the 1970s to determine the value of the joint pensions, resulting in married retirees systematically receiving less ...

HOUSTON (Reuters) - ConocoPhillips has filed a court motion to preserve the U.S. oil producer's almost top priority among Citgo Petroleum creditors to cash proceeds from an auction of shares in ...

The sale, which requires a judge’s approval, would help compensate foreign companies owed billions of dollars by the government of Venezuela, which owns Citgo. By Rebecca F. Elliott A firm ...

At least two groups of holders have resorted to other U.S. courts to enforce their claims, pursuing the same Citgo assets that industrial conglomerates, mining and oil firms have been pursuing for ...

An Elliott Investment Management affiliate won an auction for Citgo Petroleum Corp.’s parent company with a bid for $7.3 billion, clearing a key hurdle in the fund’s push to acquire an oil ...

“We thank the Special Master for selecting Amber Energy as the successful bidder and recommending that the court approve Amber Energy's acquisition of CITGO’s world-class assets,” said Goff.

HOUSTON (Reuters) -Creditors seeking proceeds from a U.S. court-ordered auction of shares in a parent of Citgo Petroleum to compensate them for Venezuela's debt defaults and expropriations on ...

HOUSTON, Oct. 3, 2024 /PRNewswire/ -- CITGO Petroleum Corporation recently launched its 36 th annual Marketer Roundtable meeting series to review brand strategies and programs for the year ahead ...

Committed to enhancing the world-class assets of CITGO and continuing to deliver vital products for the benefit of its customers and communities. Possesses the operational expertise and capital ...

ConocoPhillips (NYSE:COP) filed a motion at a U.S. district court in Delaware to preserve its high priority among Citgo Petroleum creditors to cash proceeds from an auction of shares in the parent ...