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Oil & Energy

Citgo won almost billion dollars in the second quarter of 2026

CITGO reported a net income of $936 million for Q2 2026, driven by strong refining margins in the US.

CITGO's Q2 2026 net income was $936 million, with EBITDA of $1.38 billion.

Refinery throughput averaged 820,000 bpd with 97% crude utilization.

CITGO donated $10 million to Fundación Simón Bolívar for earthquake relief in Venezuela.

CITGO postponed some 2026 capital investments to 2027, reducing planned capex from $985 million to $867 million.

AI-assisted synthesis anchored to a real VeraVadis-analyzed source. Cleared by VeraVadis's automated editorial gates on 2026-08-14 — not reviewed by a human editor. Archive piece: published under our earlier method. It does not carry the per-claim evidence chain — who reported it first and who is echoing whom — that our current pieces carry. The source link and the date are the original ones.