Citgo
Sign in to saveCitgo Petroleum Corporation, or Citgo (stylized as CITGO), is a U.S.-located downstream petroleum company that has existed since 1983. Citgo Petroleum was formed as a spinoff of the retail, marketing, and transportation assets of Cities Service following the latter's takeover by Occidental Petroleum in 1982. Headquartered in the Energy Corridor area of Houston, it is majority-owned by PDVSA, a state-owned company of the Venezuelan government (although due to U.S. sanctions in 2019, they no longer from Citgo).
Key facts
- Company.name
- Citgo Petroleum Corporation
- Company.logo
- Citgo logo
- Company.image
- File:Citgo HQ.jpg
- Company.image_caption
- Citgo's headquarters in Houston, Texas.
- Company.type
- Private
- Company.location
- Houston, Texas, U.S.
- Company.key_people
- Carlos E. Jordá (CEO)
- Company.industry
- Oil and gasoline
- Company.num_employees
- 3,400 (2020)
- Company.products
- Fuels, lubricants and petrochemicals
- Company.revenue
- US$24.113 billion (2021)
- Company.net_income
- US$305 million (2024)
- Company.owner
- Petróleos de Venezuela, S.A.
via Wikipedia infobox
Article
29 sectionsContents
- History
- Cities Service period
- Demise of Cities Service and birth of Citgo Petroleum Corporation
- Venezuelan ownership
- Crisis in Venezuela
- 2019 U.S. sanctions
- 2020 bond
- Possible bankruptcy
- Legal action against Citgo
- Sale
- Controversies
- United States–Venezuela relations
- Environmental and safety concerns
- Oil Spill
- Citgo Refinery - Calcasieu River Oil Spill - Calcasieu River, LA - June 2006
- Refinery locations
- Former refineries
- Other brands
- Sponsorships
- Outdoor Sports
- Pro Sports Stadiums
- Donald Trump inauguration
- Simón Bolívar Foundation
- Headquarters
- Leadership
- President
- See also
- References
- External links
Citgo Petroleum Corporation, or Citgo (stylized as CITGO), is a U.S.-located downstream petroleum company that has existed since 1983. Citgo Petroleum was formed as a spinoff of the retail, marketing, and transportation assets of Cities Service following the latter's takeover by Occidental Petroleum in 1982. Headquartered in the Energy Corridor area of Houston, it is majority-owned by PDVSA, a state-owned company of the Venezuelan government (although due to U.S. sanctions in 2019, they no longer from Citgo).
==History== ===Cities Service period=== The company traces its heritage back to the early 1900s and oil entrepreneur Henry Latham Doherty. After quickly climbing the ladder of success in the manufactured gas and electric utility world, Doherty in 1910 created Cities Service Gas Development Company, a West Virginia corporation, to supply gas and electricity to small public utilities. He began by acquiring gas-producing properties in the mid-continent and southwest.
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1910 establishments in Oklahoma1986 mergers and acquisitionsAmerican subsidiaries of foreign companiesAutomotive fuel retailersCitgoCompanies based in HoustonEnergy companies established in 1910Gas stations in the United StatesNon-renewable resource companies established in 1910Oil companies of the United StatesPDVSARetail companies established in 1910