Is CITGO still owned by Venezuela?
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 economically benefit from Citgo)….Citgo.
| Type | Private |
|---|---|
| Website | www.citgo.com |
Who owns CITGO?
PDVSA
CITGO Holding, Inc.
Citgo/Parent organizations
Is CITGO owned by Russia?
Later that year, the Venezuelan government mortgaged the remaining 49.9 percent of Citgo’s shares to the Russian oil company, Rosneft, for a loan worth $1.5 billion.
Who is Exxon owned by?
As of March 2019, ExxonMobil’s largest shareholders include The Vanguard Group (8.15%), BlackRock (6.61%), and State Street Corporation (4.83%). ExxonMobil is one of the largest of the world’s Big Oil companies….ExxonMobil.
| Type | Public |
|---|---|
| Headquarters | Irving, Texas , U.S. |
| Area served | Worldwide |
| Key people | Darren Woods (chairman & CEO) |
Who makes CITGO oil?
Petróleos de Venezuela, S.A.
CITGO has 3,700 employees and is owned by CITGO Holding, Inc., an indirect, wholly owned subsidiary of Petróleos de Venezuela, S.A. (PDVSA), the national oil company of the Bolivarian Republic of Venezuela. CITGO owns and operates three highly complex crude oil refineries located in Lake Charles, La.
Who owns American oil refineries?
Largest petroleum refineries in the United States
| Rank | Refinery | Owner |
|---|---|---|
| 1 | Port Arthur Refinery | Motiva Enterprises |
| 2 | Galveston Bay Refinery | Marathon Petroleum |
| 3 | Baytown Refinery | Exxon Mobil |
| 4 | Garyville Refinery | Marathon Petroleum |
How is Citgo affiliated with the Venezuelan government?
Although CITGO entities are directly and indirectly owned by Petróleos de Venezuela S.A. (PDVSA), the Venezuelan national oil company, they no longer have any kind of connection with the Nicolás Maduro regime.