March 05, 2015 2:10 AM 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

Chairman, Chief Executive Officer and President
Vice President of Finance
Corporate Treasurer
Vice President of Human Resources
Corporate Controller
Compensation as of Fiscal Year 2014.

CITGO Petroleum Corporation Key Developments

Venezuela Cancels Sale of Citgo

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

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

Lazard Ltd (NYSE:LAZ) set a last date in late December for bidders to place offers for CITGO Petroleum Corporation.

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