Oil, Gas and Consumable Fuels
Company Overview of CITGO Petroleum Corporation
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
Founded in 1910
Key Executives for CITGO Petroleum Corporation
Chairman, Chief Executive Officer and President
Vice President of Finance
Vice President of Human Resources
Compensation as of Fiscal Year 2014.
CITGO Petroleum Corporation Key Developments
Venezuela Cancels Sale of Citgo
Jan 20 15
Bolivarian Republic of Venezuela has cancelled the auction of CITGO Petroleum Corporation. The auction was scrapped as Citgo is planning to raise $2.5 billion in debt instead.
Citgo Reportedly Valued At More Than $10 Billion In Revised Bids
Dec 16 14
CITGO Petroleum Corporation has received revised bids from at least four bidders, some which have valued the company at more than $10 billion, according to three people familiar with the matter. The companies that made bids in December include HollyFrontier Corporation (NYSE:HFC), Valero Energy Corporation (NYSE:VLO), Marathon Petroleum Corporation (NYSE:MPC) and a consortium of TPG Capital, L.P. and Riverstone Holdings LLC, the people familiar with the matter said. Lazard Ltd (LAZ.N), the investment bank hired by Venezuela's state-run Petróleos de Venezuela S.A. to explore a sale of Citgo, has not told bidders if there will be an additional round of bids, the people familiar with the matter said.
Lazard Set Last Date For CITGO Bidders
Nov 26 14
Lazard Ltd (NYSE:LAZ) set a last date in late December for bidders to place offers for CITGO Petroleum Corporation.
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