Share this article Share this article 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.