BNET Industries
Last Fiscal Year Sales:$25.4B
- Private
- US
Dow Jones Description
From the gasoline that helps your family take vacations to the advanced medical equipment at your community hospital, CITGO is there at every turn. 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, refined waxes, asphalt 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 company is owned by PDV America, Inc., an indirect, wholly owned subsidiary of Petroleos de Venezuela, S.A., the national oil company of the Bolivarian Republic of Venezuela. Since 1985, CITGO has sold its various products through Independent marketers. Our relationship with these people is really what makes CITGO different from other petroleum companies.
Chief Executive Officer
Félix RodríguezNumber of Employees 4,000
Peer Companies
NAICS Code Crude Petroleum and Natural Gas Extraction: 211111
Recent Events
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Moody's cuts key Citgo loan rating to junk status
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Corporate Social Responsibility Weekly Recap (June 17 â€" June 24, 2009)
News & Analysis
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citgo petroleum corp. - All News and Analysis
BNP Paribas Corporate Finance U.S. Has Stand Out Year in Energy & Natural Resource Group
- 2008-01-07
NEW YORK -- 2007 was a milestone year for BNP Paribas Corporate Finance in the Americas. BNP Paribas' Energy & Natural Resources Group ("the Group") has been involved in eight significant transactions in the calendar 2007 period, acting as financial advisor to Zijin Consortium, EnCana, Groupe Delangis and on several...
Explorer Pipeline acquiring Citgo assets
- 2007-10-01
Citgo Petroleum Corp. has agreed to sell its Eagle pipeline and several terminals to Explorer Pipeline. According to The Wall Street Journal, the transaction is related to a market realignment initiative that the company announced last year when the Houston-based refiner said it would cut up to 2,000 of its...
CITGO Petroleum and Subsidiary Found Guilty of Environmental Crimes
- 2007-06-27
To: LEGAL AFFAIRS EDITORSContact: U.S. Department of Justice, +1-202-514-2007, TDD: +1-202- 514-1888 WASHINGTON, June 27 /PRNewswire-USNewswire/ -- A federal jury in Corpus Christi, Texas, found CITGO Petroleum Corp., and its subsidiary, CITGO Refining and Chemicals Co. collectively CITGO guilty of two felony criminal violations of the Clean Air Act, the...
At your service: adding a quick lube to a c-store site can pay dividends--if executed properly.(FUELS & FUELING)(adding lubricants section to a convenience store)
- 2007-02-01
IT'S JUST GOOD BUSINESS SENSE TO TAKE WHAT YOU already have, such as a good convenience-store location with a loyal customer base, and find ways to generate more income and profit. One way of doing that, which is becoming increasingly popular, is through the addition of a...
McDermott International Inc. will appeal $42.5M ruling against
- 2006-11-07
A $42.5-million jury verdict has been rendered against McDermott International Inc. subsidiary, The Babcock & Wilcox Co. The total awarded the plaintiffs is approximately $387 million. The case pitted Citgo Petroleum Corp. and PDV Midwest Refinery LLC versus McDermott International. The case, filed in Cook County,...
Fitch Affirms IDRs For Lyondell, Equistar & Millennium; Outlook Stable
- 2006-08-17
CHICAGO -- Fitch Ratings affirms and removes from Rating Watch Evolving the ratings for Lyondell Chemical Company Lyondell and Equistar Chemicals L.P. Equistar following Lyondell's announcement to acquire the remaining 41.25% interest held by Citgo Petroleum Corporation CITGO in Lyondell-Citgo Refinery LP LCR for $2.1 billion. The affirmed ratings are...
Refiners Scramble to Fill Citgo Void
- 2006-08-02
After Citgo Petroleum Corp.'s July announcement that it was pulling out of several major gasoline markets in the U.S., domestic refiners have been scrambling to grab a piece of the vacated market share, the face=+Italic; San Antonio Express-Newsface=-Italic; reported. Valero Energy emerged as a likely candidate to fill...
Fitch Ratings Comments on CITGO Petroleum Corporation
- 2006-07-21
CHICAGO -- The ratings of CITGO Petroleum Corporation CITGO are not expected to change due to the announcement that Lyondell Chemical Company (Issuer Default Rating IDR of 'BB-' on Rating Watch Evolving) and CITGO have discontinued the auction process for the LYONDELL-CITGO Refining L.P. LCR refinery in Houston, Texas. Although...
Fitch Lowers CITGO IDR to 'BB-'; Raises Sr Unsecured & Fixed-Rates IRBs to 'BB+'
- 2005-11-18
CHICAGO -- As anticipated, Fitch Ratings has raised the rating of CITGO Petroleum Corporation's fixed-rate industrial revenue bonds IRBs and senior unsecured notes to 'BB+' from 'BB'. With the completion of the company's refinancing, the fixed-rate IRBs and remaining senior unsecured notes have become secured and rank pari passu with...
Citgo Meets Detroit Diesel Specs
- 2005-03-01
Citgo Petroleum Corp.'s CITGARD 600 SAE 15W-40 and Mystik JT-8 SAE 15W-40 heavy-duty engine oils now meet the new Detroit Diesel Corp. Power Guard oil Specification 93K214, which means they can be used in 2002 and newer Detroit Diesel Series 50 and 60 engines. The engine lubricants are blended for...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Félix Rodríguez | Chief Executive Officer |
| Eddie R. Humphrey | CFO, Chief Admin Officer & Senior Vice President |
| Frank Gygax | Chief Operating Officer |
| Jerry E. Thompson | Chief Operating Officer |
| Bill Hatch | Vice President, Supply and Marketing |
| Bob Kostelnik | Vice President, Refining |
| Larry Krieg | Vice President, Finance |
| Phil Reedy | Vice President, Finance |
| Rafael Gomez Abreu | Vice President, Strategic Shareholder Relations, Government and Public Affairs |
| Randy Carbo | Vice President, Lake Charles Manufacturing Complex |
| Rixio Medina | Vice President Health, Safety, Security, Environmental Protection and Shared Services |
| Scott Rowe | Vice President of Marketing & General Manager |
| Calvin Quarles | Development Manager |
| Don Rucks | Manager, Advertising |
| Fernando Garay | Manager, Affairs |
| Jesus Arrieche | Marketing Manager |
| Jim Barlow | Southern Regional Sales Manager |
| Julie Anderson | Manager, Marketing, Communications & Strategy |
| Kate Robbins | Manager, Public Affairs |
| Rory Klinger | Northern Regional Sales Manager |
| Yvonne Hale | Manager, Marketing |
| Curtis Rowe | Controller |
| Wladimir Noriega | General Auditor |
| Asdrúbal Chávez | Director |
| Bernard Mommer | Director |
| Eudomario Carruyo | Director |
| Juan Carlos Boué | Director |
| Maritza Villanueva | Treasurer |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Alejandro Granado | Chairman |
| Asdrubal Chavez | Board of Directors |
| Felix Rodriguez | Board of Directors |
| Juan Carlos Boue | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Chief Executive Officer | Current |
| CITGO Petroleum Corporation | Director | Current |
| CITGO Petroleum Corporation | President | Former |
| Muscular Dystrophy Association | National Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | CFO, Chief Admin Officer & Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Chief Operating Officer | Current |
Jerry E. Thompson is President, Chief Executive Officer and a director of the General Partner, having been elected in April 2006. Mr. Thompson was previously chief operating officer of CITGO Petroleum Corporation ("CITGO") from 2003 to March 2006, when he retired. Mr. Thompson joined CITGO in 1971 and advanced from a process engineer to positions of increasing responsibilities in the operations, supply and logistics, business development, planning and financial aspects of CITGO. He was elected vice president of CITGO's refining business in 1987 and as its senior vice president in 1998. Mr. Thompson serves as the principal executive officer of the General Partner. Mr. Thompson serves as a director on the board of directors of Susser Holdings Corporation.
| Organization | Position | Status |
|---|---|---|
| Texas Eastern Products Pipeline Company, LLC | President, Chief Executive Officer and Director | Current |
| CITGO Petroleum Corporation | Chief Operating Officer | Current |
| Susser Holdings Corporation | Director of Susser Holdings Corporation and Manager | Current |
| Texas Eastern Products Pipeline Company, LLC | Board of Directors | Current |
| Susser Holdings Corporation | Board of Directors | Current |
| Susser Holdings Corporation | Member | Current |
| CITGO Petroleum Corporation | Senior Vice President | Former |
| Colorado School of Mines | Bachelor of Science Degree In Chemical and Petroleum Refining Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Lemont Refinery | Vice President Supply and Marketing | Current |
| Citgogear | Vice President Supply and Marketing | Current |
| CITGO Petroleum Corporation | Vice President, Supply and Marketing | Current |
| Tulane University | Master's | Former |
| McNeese State University | MBA | Former |
| Tulane University | Degree In Chemical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Vice President, Refining | Current |
| Citgogear | Vice President of Refining | Current |
| CITGO Petroleum Corporation | General Manager, Corpus Christi Refinery | Former |
| Missouri University of Science and Technology | Bachelor of Science In Mechanical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Vice President, Finance | Current |
| CITGO Petroleum Corporation | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Lemont Refinery | Vice President Finance | Current |
| Citgogear | Vice President Finance | Current |
| CITGO Petroleum Corporation | Vice President, Finance | Current |
| CITGO Petroleum Corporation | General Manager, Petrochemicals and Industrial Products | Former |
| CITGO Petroleum Corporation | Manager, Crude Oil Acquisition and Marine Transportation | Former |
| Southland Corporation | Manager, Cash Management | Former |
| CITGO Petroleum Corporation | Citgo's Treasurer | Former |
| CITGO Petroleum Corporation | Treasurer | Former |
| University of Miami | Master's In Finance | Former |
| The University of Tulsa | Bachelor's Degree In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Vice President, Strategic Shareholder Relations, Government and Public Affairs | Current |
| Pdvsa | Manager | Former |
| Universidad Central | Bachelor's Degree In Psychology | Former |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Vice President, Lake Charles Manufacturing Complex | Current |
| Citgogear | Vice President, Lake Charles Manufacturing Complex | Current |
| Lemont Refinery | Vice President | Current |
| Corpus Christi, Inc. | General Manager | Former |
| McNeese State University | Bba | Former |
| Louisiana State University | Bachelor's Degree In Chemical Engineering | Former |
| McNeese State University | Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Vice President Health, Safety, Security, Environmental Protection and Shared Services | Current |
| Lemont Refinery | Vice President Health, Safety, Security, Environmental Protection and Shared Services | Current |
| Citgogear | Vice President Health, Safety, Security, Environmental Protection and Shared Services | Current |
| Lemont Refinery | Manager | Former |
| CITGO Petroleum Corporation | Manager, Corporate Health, Safety and Security | Former |
| Central Missouri State University | Master's Degree In Industrial Security | Former |
| Oklahoma State University | Bachelor's Degree In Engineering Technology Fire Protection | Former |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Vice President of Marketing & General Manager | Current |
Pastor Calvin was ordained in 1987 at the Mt. Zion M. B. Church, in Joliet IL under the Pastorate of Dr. Isaac Singleton Sr. He served in many capacities at the Mt. Zion Church; Youth Worker, Sunday School teacher, Deacon and Youth Pastor for over fifteen years. He attended Moody Christian College in Chicago IL. and Lewis University in Romeoville IL. He is also the Training and Employee Development Manager for CITGO Petroleum Corporation, Lemont IL.
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Development Manager | Current |
| Bolingbrook Community Church | Religious Leader | Current |
| Lewis University | Former |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Manager, Advertising | Current |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Manager, Affairs | Current |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Marketing Manager | Current |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Southern Regional Sales Manager | Current |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Manager, Marketing, Communications & Strategy | Current |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Manager, Public Affairs | Current |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Northern Regional Sales Manager | Current |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Manager, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Controller | Current |
| Andersen Consulting | Director, Corporate Finance | Former |
| Andersen Consulting | Assistant Controller, Manufacturing and Operations | Former |
| The University of Tulsa | MBA | Former |
| The University of Oklahoma | Bachelor's Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Lemont Refinery | General Auditor | Current |
| CITGO Petroleum Corporation | General Auditor | Current |
| Citgogear | General Auditor | Current |
| Pdvsa | Audit Manager | Former |
| Pdvsa | Administrative | Former |
| Emporia State University | Master's Degree In Business Administration | Former |
| Emporia State University | Bachelor's Degree In Business | Former |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Chairman | Current |
| Pdvsa | Board of Directors | Current |
| Pdvsa | Vice President | Former |
| CITGO Petroleum Corporation | Technology Manager, Lemont Refinery | Former |
| CITGO Petroleum Corporation | Director | Former |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Director | Current |
Bernard Mommer holds a master's degree in mathematics and a doctorate in social science, both from the University of Tubingen, Germany. He worked as a university professor and researcher for many years at various Venezuelan universities. From 1991 to 1995 he was a senior advisor to Petroleos de Venezuela. From 1995 to 2001 he was a senior research fellow at the Oxford Institute for Energy Studies and St. Anthony's College, Oxford. He also acted as an advisor to the Venezuelan Minister of Energy and Mines from 1999 to 2000, and as a consultant to the Secretary General of OPEC in Vienna in 2002. Prior to his appointment to PDV UK, he was an advisor to the President of PDVSA. Dr. Mommer's publications include: Die Olfrage [The Petroleum Question] (1983: Institut fur Internationale Angelegenheiten der Universitat Hamburg, Nomos Verlagsgesellschaft Baden-Baden), "El petroleo en el pensamiento economico venezolano - Un ensayo" [Oil in the Economic Thought of Venezuela - An Essay] (Co-author Asdrubal Baptista; Prologue by Arturo Uslar Pietri. Ediciones IESA, Caracas, 1987); and The New Governance of Venezuelan Oil (1998: Oxford Institute for Energy Studies). He just finished a book on Global Oil and the Nation State that was published by Oxford University Press, on behalf of the Oxford Institute for Energy Studies, in 2002.
| Organization | Position | Status |
|---|---|---|
| Opec Corp. | Secretary | Current |
| CITGO Petroleum Corporation | Director | Current |
| Opec Corp. | Consultant | Former |
| University of Tubingen | Doctorate In Social Science, Both | Former |
| University of Oxford | Former |
| Organization | Position | Status |
|---|---|---|
| Palmaven, S.A. | Director, Admin Manager | Current |
| CITGO Petroleum Corporation | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Petroleos de Venezuela S.A. | Vice President | Current |
| CITGO Petroleum Corporation | Board of Directors | Current |
| CITGO Petroleum Corporation | President and Chief Executive Officer | Former |
| Muscular Dystrophy Association | Vice President | Former |
| Harvard Corporation | Graduate, System Analysis and Management Programs | Former |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Director | Current |
| Organization | Position | Status |
|---|---|---|
| CITGO Petroleum Corporation | Treasurer | Current |
| CITGO Petroleum Corporation | Manager, Financial Operations | Former |
| Petroleos de Venezuela S.A. | Former |
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