CITGO Petroleum Corporation · Houston, TX United States
Company Description
More Companies in: Houston, Texas
More Companies in These Related Industries: General Freight Trucking, Petroleum Refineries, Crude Oil Pipelines, Petroleum Wholesalers
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This link will open in a new window From the get-go CITGO Petroleum has been refining and marketing petroleum products, including jet fuel, diesel fuel, heating oils, and lubricants. It markets CITGO branded gasoline through about 8,000 independent retail outlets in the US, mainly east of the Rockies. CITGO Petroleum owns oil refineries in Illinois, Louisiana, and Texas. The company has refining capacity of 749,000 barrels per day and access to a total of more than 1.1 million barrels per day of refining capacity. Petroleum is the operating subsidiary of PDV America , itself a subsidiary of Venezuela's PDVSA . To read the full description, subscribe now.
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Key CITGO Petroleum Corporation Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 4,000 |
CITGO Petroleum Corporation Executives
33 executives listed for CITGO Petroleum Corporation's Houston, TX location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | Alejandro Granado | |
| VP Finance | Brian O'Kelly | |
| VP and General Manager, Corpus Christi Refinery | Kevin Ferrall |
Competition
Competitive Landscape for CITGO Petroleum Corporation
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top CITGO Petroleum Corporation Competitors
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