{"id":17256,"date":"2023-08-11T08:54:54","date_gmt":"2023-08-11T12:54:54","guid":{"rendered":"https:\/\/energiesnet.com\/espanol\/?p=17256"},"modified":"2023-08-11T08:54:57","modified_gmt":"2023-08-11T12:54:57","slug":"ganancias-de-citgo-caen-a-380-millones-de-dolares-en-el-segundo-trimestre-reuters","status":"publish","type":"post","link":"https:\/\/energiesnet.com\/espanol\/ganancias-de-citgo-caen-a-380-millones-de-dolares-en-el-segundo-trimestre-reuters\/","title":{"rendered":"Ganancias de Citgo caen a 380 millones de d\u00f3lares en el segundo trimestre – Reuters"},"content":{"rendered":"\n
\"The
The Citgo Petroleum Corporation headquarters are pictured in Houston, Texas, U.S., February 19, 2019. (Loren Elliott\/Reuters)<\/figcaption><\/figure>\n\n\n\n

Reporting by Marianna Parraga and Gary McWilliams, Reuters <\/p>\n\n\n\n

HOUSTON
EnergiesNet.com 11 08 2023 <\/p>\n\n\n\n

Refiner Citgo Petroleum Corp on Thursday reported a second-quarter net profit of $380 million, down from a year ago and from the previous quarter, as margins cooled.<\/p>\n\n\n\n

The net income, compared to $1.29 billion in the same period last year and $937 million in the first quarter, continued a string of profits at the Venezuela-owned refiner, which operates plants in Texas, Louisiana and Illinois.<\/p>\n\n\n\n

The result comes ahead of expected negotiations to settle over $20 billion in claims against Venezuela. The United States has so far shielded Citgo<\/a> from those claims, but has encouraged a settlement. Some of the claims were backed by shares in one of the refiner’s parents.<\/p>\n\n\n\n

U.S. refiners this year have scored big earnings<\/a> on strong demand for gasoline, diesel and jet fuel and by running their plants near-full capacity.<\/p>\n\n\n\n

Citgo processed 761,000 barrels-per-day (bpd) of crude in the second quarter, a capacity utilization level of 94%, compared with 772,000 bpd and 96% of utilization in the first quarter.<\/p>\n\n\n\n

\u00abWe are starting the third quarter in a healthy position given our strong liquidity and operational performance,\u00bb said Chief Executive Carlos Jorda.<\/p>\n\n\n\n

A federal court in Delaware has scheduled an October start for an auction of shares in a Citgo parent that could lead to a breakup of the company. Any transfer or sale of the shares would still require approval by the U.S. Treasury Department.<\/p>\n\n\n\n

A negotiating team representing the South American country has held settlement talks with some of those creditors and holders of bonds defaulted by Citgo’s ultimate parent, Petroleos de Venezuela (PDVSA.UL).<\/p>\n\n\n\n

Citgo reported it had $3.6 billion in cash and available borrowing at the end of the quarter after making a $192 million dividend payment. It has been repurchasing debt and in June bought $63 million in notes to reduce debt.<\/p>\n\n\n\n

Reporting by Marianna Parraga and Gary McWilliams Editing by Alexandra Hudson<\/p>\n\n\n\n

reuters.com 10 08 2023<\/p>\n","protected":false},"excerpt":{"rendered":"

Reporting by Marianna Parraga and Gary McWilliams, Reuters HOUSTON EnergiesNet.com 11 08 2023 Refiner Citgo Petroleum Corp on Thursday reported a second-quarter net profit of $380 million, down from a year ago and from the previous quarter, as margins cooled. The net income, compared to $1.29 billion in the same period last year and $937 …<\/p>\n

Ganancias de Citgo caen a 380 millones de d\u00f3lares en el segundo trimestre – Reuters<\/span> Leer m\u00e1s »<\/a><\/p>\n","protected":false},"author":2,"featured_media":17257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[30],"tags":[880,1946,102,107,1945],"class_list":["post-17256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-citgo","tag-gnancias","tag-oil","tag-pdvsa","tag-petroleum"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t