How Trump could wrest Citgo from Elliott Management and hand it back to Venezuela

How Trump could wrest Citgo from Elliott Management and hand it back to Venezuela

Early this year, it seemed all but certain that Citgo Petroleum—the Houston oil refiner familiar to American drivers, but little known as a Venezuelan subsidiary—was about to fall into the hands of a U.S. activist hedge fund. In November 2025, a Delaware federal judge ordered the sale of the company to Elliott Management and its affiliate startup, Amber Energy. The court ruled that Citgo could be held liable for the Venezuelan government’s debts…