July 31, 2014 9:56 PM ET

Oil, Gas and Consumable Fuels

Company Overview of CITGO Petroleum Corporation

Company Overview

CITGO Petroleum Corporation engages in refining and marketing of transportation fuels, lubricants and oils, petrochemicals, and other industrial products. It produces various consumer products ranging from gasoline grades for everyday use to diesel fuels and motor distillate fuels, such as heating oils, jet fuels, and kerosene; and lubricants for use in cars, trucks, tractors, trains, lawnmowers, and leaf blowers. The company also offers commercial products ranging from distillates and unbranded gasoline to lubricants to petrochemical and solvents for businesses. In addition, it provides lubricants and oils, including compressor products, engine oils, final drive oils, functional products, g...

1293 Eldridge Parkway

Houston, TX 77077-1670

United States

Founded in 1910

4,000 Employees

Phone:

832-486-4000

Fax:

832-486-1814

Key Executives for CITGO Petroleum Corporation

Vice President of Finance
Corporate Treasurer
Vice President of Legal Affairs
Corporate Controller
Compensation as of Fiscal Year 2014.

CITGO Petroleum Corporation Key Developments

Petróleos de Venezuela Reportedly Evaluating Offers To Buy Citgo

Petróleos de Venezuela S.A. is considering offers to buy CITGO Petroleum Corporation, industry research group Argus Media reported on its website. The government has received three separate offers to buy Citgo submitted through Goldman Sachs, JP Morgan and Deutsche Bank, Argus said citing energy ministry officials. "The offers are in the range of $10 billion to $15 billion for the Citgo assets, including three U.S. refineries with a combined nameplate crude processing capacity of 757,000 barrel per day (bpd), 48 products storage facilities, three wholly owned Citgo pipelines and stakes in six other U.S. pipelines."

American Gas and Oil and Expands CITGO Brand in Western Michigan

American Gas and Oil (AGO) and CITGO Petroleum Corporation are converting 19 locally owned gas stations across western Michigan to the CITGO brand. The conversion expands the company's network of CITGO locations to 27, with the newly branded stations featuring fresh service options for fuel and convenience store customers.

US Vermont Sues BP, Chevron, Citgo, ConocoPhillips, ExxonMobil, Shell, Total and Valero, Alleges MTBE contamination

The US state of Vermont is alleging that more than two dozen gasoline refiners caused widespread groundwater pollution by using methyl tertiary butyl ether (MTBE). The state is seeking damages so it can clean up the alleged contamination. The additive is banned in Vermont, but state agencies continue to deal with past releases of MTBE and continue to discover more contaminated wells. The contamination is in violation of Vermont's groundwater protection act. Refiners listed in the lawsuit include BP, Chevron, Citgo, ConocoPhillips, ExxonMobil, Shell, Total and Valero. The lawsuit was filed in Washington Superior Court in Vermont. The case number is 340-6-14.

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