From the gasoline that helps your family take vacations to the advanced medical equipment at your community hospital, CITGO is fueling good.
It’s amazing the difference petroleum-based products make in our everyday lives. Based in Houston, Texas, CITGO is a refiner and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. In addition to these products, there’s probably a CITGO in your neighborhood, a convenient place to fill up with gas and grab a quick snack.
The story of CITGO Petroleum Corporation as an enduring American success story began back in 1910 when pioneer oilman, Henry L. Doherty, created the Cities Service Company.
When Cities Service determined that it needed to change its marketing brand, it introduced the name CITGO in 1965, retaining the first syllable of its long-standing name and ending with “GO” to imply power, energy and progressiveness. The now familiar and enduring CITGO “trimark” logo was born.
Occidental Petroleum bought Cities Service in 1982, and CITGO was incorporated as a wholly owned refining, marketing and transportation subsidiary in the spring of the following year. Then, in August, 1983, CITGO was sold to The Southland Corporation to provide an assured supply of gasoline to Southland’s 7-Eleven convenience store chain.
In September, 1986, Southland sold a 50 percent interest in CITGO to Petróleos de Venezuela, S.A., (PDVSA), the national oil company of the Bolivarian Republic of Venezuela. PDVSA acquired the remaining half of CITGO in January, 1990 and the company is owned by CITGO Holding, Inc., an indirect, wholly owned subsidiary. With a secure and ample supply of crude oil, CITGO quickly became a major force in the energy arena.
Since 1985, CITGO has sold its various products through independent marketers. Our relationship with these individuals is really what makes CITGO different from other petroleum companies.
Welcome to CITGO.
CITGO, our vision, mission and values guide everything we do. These fundamentals keep us grounded, inspired and motivated to conduct our business in a way that makes everyone proud.
To be a World Benchmark Corporation based on our sound success in the energy industry and our social development programs.
We will create the maximum value for our Shareholder through the strength of our people. We will efficiently and reliably provide the energy that fuels societies' economies and improves our quality of life.
Safety, Health & Environment
We operate our businesses safely and as good stewards of the environment. If it is not safe, we will not do it. We will comply with environmental regulations and serve as guardians of our natural resources and environment. We recognize that safety, the health of our employees and environmental stewardship are every employee's responsibility.
Integrity
We are honest and open with each other, our customers and our stakeholders. We recognize that integrity in all that we do is essential to our long-term success.
Respect
We understand the value of people to our corporation's success. As such, we trust, respect and value the opinions of all employees, customers and stakeholders. This is critical to teamwork and collaborative efforts. We will work as a team, seamlessly and across departmental lines to achieve our corporate goals.
Fairness
We reward employees on the basis of their performance and contribution to the corporation. We recognize diversity as a key strength. We recognize the unique value of each employee and the varied perspective he or she provides. We foster an inclusive environment that enables each of us to fully participate and contribute.
Social Responsibility
We understand that we operate as a privilege in the communities where we serve, not as a right. We promote and participate in a wide variety of social development programs to improve the quality of life of people, especially those who feel the severe backlash of poverty. We also promote the spirit of volunteerism and encourage employees to take active roles in our communities.
Availability
We will ensure the availability of our operations by making sure work processes and equipment are always ready and capable of performing their assigned work. It is only by being available that we can continue to ensure the safety and health of our employees and our neighbors, the protection of our natural resources, the reliable supply of product to our customers and our commitment to social responsibility.
Competitiveness
We will be competitive through efficient and reliable operations, high quality products and superior customer service. We adopt best practices, seek innovation and share knowledge. We learn from our mistakes, from each other and from the best in our industry. We apply technology to our competitive advantage and are good stewards of our controllable costs.
| Company Details | |
|---|---|
| Company Name | CITGO Petroleum Corporation |
| Business Category | Oil & Gas |
| Address | P.O. Box 4689 Houston Texas United States ZIP: 77210-4689 |
| President | NA |
| Year Established | 1983 |
| Employees | 5000 |
| Memberships | NA |
| Hours of Operation | NA |
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