Citgo

Citgo Petroleum Corporation or Citgo is a United States oil refiner and marketer of gasoline, lubricants, petrochemicals and other petroleum products controlled by a Venzulean company controlled by Hugo Chavez. more...

The Citgo gasoline brand was inaugurated in 1965 by the Cities Service Company, an energy company that first rose to prominence in the early 1900s. Cities Service Company was acquired by Occidental Petroleum Corporation in 1982. That same year, Cities Service Company transferred all of the assets of its Refining, Marketing and Transportation division (which comprised its refining and retail petroleum business) into the newly formed Citgo Petroleum Corporation subsidiary, to ease the divestiture of the division. In 1983, Citgo and the Citgo brand was sold by Occidental to Southland Corporation, owners of the 7-Eleven chain of convenience stores; 50% was sold to Petróleos de Venezuela, the national oil company of Venezuela, in 1986, and the remainder in 1990. As of 2004, it is headquartered in Houston, Texas, with over 4,000 employees and annual revenue in excess of $32 billion. Citgo also supplies 14,000 independent retailers. Citgo was headquartered in Tulsa, Oklahoma before its headquarters moved to Houston. (Cities Service Company continued on under various Occidental names as a part of OXY's domestic exploration and production business, but all Cities Service trademarks are now owned by Citgo.)

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