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Encyclopedia > Citgo
Citgo Petroleum Corporation
Type Subsidiary of PDVSA (State-Owned Enterprise)
Founded 1965 Bartlesville, Oklahoma
Headquarters Houston, Texas
Key people Alejandro Granado, President, CEO & Director
Industry Oil and Gasoline
Products Petrochemical
Revenue $32.028 billion USD (2004)
Employees 4,000
Website www.citgo.com

Citgo Petroleum Corporation or Citgo, a subsidiary of Petróleos de Venezuela S.A., the Venezuelan state-owned petroleum company, is a United States-incorporated firm refiner and marketer of gasoline, lubricants, petrochemicals and other petroleum products. The Citgo gasoline brand was inaugurated in 1965 by the Cities Service Company, a United States based 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 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 has supplied 14,000 retailers, but in July 2006 announced plans to cease serving 14% of their independent retailers in the United States. Before relocating its headquarters to Houston, Citgo was headquartered in Tulsa, Oklahoma. (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.) Image File history File links Citgo. ... { { Infobox_Company|company_name = Devenezuela S.A Petr�leos. ... Price Tower, located in downtown Bartlesville, was designed by Frank Lloyd Wright, and is the only one of Wrights skyscraper plans ever constructed. ... “Houston” redirects here. ... This is a list of petroleum companies. ... Petrochemicals are chemical products made from raw materials of petroleum (hydrocarbon) origin. ... Look up revenue in Wiktionary, the free dictionary. ... Image File history File links No higher resolution available. ... The United States dollar is the official currency of the United States. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Petróleos de Venezuela, S.A. (PDVSA, pronounced Pedevesa, peh-deh-VEH-sah) is the Venezuelan privately owned petroleum company. ... Gasoline or petrol is a petroleum-derived liquid mixture consisting mostly of hydrocarbons and enhanced with benzene or iso-octane to increase octane ratings, primarily used as fuel in internal combustion engines. ... A petrochemical is any chemical derived from fossil fuel. ... Occidental Petroleum Corporation (Oxy) (NYSE: OXY) is an international petroleum exploration and development company headquartered in the Westwood district of Los Angeles. ... 7-Eleven is an international conglomerate which operates the largest chain of convenience stores in twenty countries including: the United States, Canada, Norway, Sweden, Denmark, South Korea, Japan, Australia, Republic of China (Taiwan), Peoples Republic of China, Hong Kong, Malaysia, Mexico, The Philippines, Thailand, Singapore, Puerto Rico, and South... For other uses, see 7-Eleven (disambiguation). ... This article does not cite any references or sources. ... { { Infobox_Company|company_name = Devenezuela S.A Petr�leos. ... “Houston” redirects here. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... Look up revenue in Wiktionary, the free dictionary. ... A drawing of a self-service store Retailing consists of the sale of goods/merchandise for personal or household consumption either from a fixed location such as a department store or kiosk, or away from a fixed location and related subordinated services (Definition of the WTO (last page). ... Nickname: Location in the state of Oklahoma Coordinates: , Country United States State Oklahoma Counties Tulsa, Osage, Wagoner, Rogers Government  - Mayor Kathy Taylor (D) Area  - City  186. ...

Contents

History

The company traces its heritage back to the early 1900s and an oil entrepreneur named Henry Latham Doherty. After quickly climbing the ladder of success in the manufactured gas and electric utility world, Doherty in 1910 created his own organization, Cities Service Company, to supply gas and electricity to small public utilities. He began by acquiring gas producing properties in the mid-continent and southwest. Lightning strikes during a night-time thunderstorm. ... In economics, utility is a measure of the relative happiness or satisfaction (gratification) gained. ...


The company then developed a pipeline system, tapping dozens of gas pools. To make this gas available to consumers, Doherty moved to acquire distributing companies and tied them into a common source of supply. Cities Service became the first company in the mid-continent to use the slack demand period of summer to refill depleted fields near its market areas. In this way, gas could be conveniently and inexpensively withdrawn during peak demand times. In 1931, Cities Service completed the nation's first long-distance high pressure natural gas transportation system, a 24-inch pipeline stretching some 1,000 miles from Amarillo, Texas, to Chicago, Illinois. Natural gas rig Oil and natural gas are produced by the same geological process: anaerobic decay of organic matter deep under the Earths surface. ... Nickname: Location within the state of Texas Coordinates: , Country State County Potter (and Randall) Government  - Mayor Debra McCartt Area  - City  90. ... Flag Seal Nickname: The Windy City Motto: Urbs In Horto (Latin: City in a Garden), I Will Location Location in Chicagoland and northern Illinois Coordinates , Government Country State Counties United States Illinois Cook, DuPage Mayor Richard M. Daley (D) Geographical characteristics Area     City 606. ...


A logical step in the company's program for finding and developing supplies of natural gas was its entry into the oil business. This move was marked by major discoveries at Augusta, Kansas, in 1914, and in El Dorado a year later. In 1928, a Cities Service subsidiary discovered the Oklahoma City field, one of the world's largest. Another participated in the discovery of the East Texas field, which, in its time, was the most sensational on the globe. HUGO CHAVEZ SUCKS ASS Augusta is a city located in Butler County, Kansas. ... Downtown Oklahoma City The State Capitol of Oklahoma From The South Motto: Nickname: Capital of the New Century Founded 1889 Incorporated County Oklahoma County Cleveland County Canadian County Borough {{{borough}}} Parrish {{{parrish}}} Mayor Mick Cornett Area  - Total  - Water 1,608. ...


At the height of Cities Service's growth, Congress passed the Public Utility Holding Company Act of 1935, which forced the company to divest itself of either its utility operations or its oil and gas holdings. In a difficult decision, Cities Service elected to remain in the petroleum business. The first steps to liquidate investments in its public utilities were taken in 1943 and affected over 250 different utility corporations. The Public Utility Holding Company Act of 1935 (PUHCA) was a law that was passed by the United States Congress to facilitate effective state regulation of electric utilities by limiting (with some exceptions) their operations to a single state. ...


At the same time, the government was nearing completion of a major refinery at Rose Bluff just outside of Lake Charles, Louisiana, that would eventually become the foundation of the company's manufacturing operation. Using designs developed by Cities Service and the Kellogg Co., the plant was dedicated only 18 months after the first concrete was poured. A month before Allied troops landed in France, it was turning out enough critically needed 100-octane aviation gasoline to fuel 1,000 daily bomber sorties from England to Germany. Government funding through the Defense Plant Corporation (DPC) also prompted Cities Service to build plants to manufacture butadiene, used to make synthetic rubber, and toluene, a fuel octane booster and solvent. This article is about the City of Lake Charles, La. ... Octane is an alkane with the chemical formula CH3(CH2)6CH3. ... An aviation fuel truck. ... Strategic bombing during World War II was greater in scale than any wartime attack the world had previously witnessed. ... For other uses, see England (disambiguation). ... Butadiene can refer to either one of two hydrocarbon chemical compounds which are alkenes that are isomers of each other. ... Synthetic rubber is any type of artificially made polymer material which acts as an elastomer. ... Toluene, also known as methylbenzene or phenylmethane is a clear, water-insoluble liquid with the typical smell of paint thinners, redolent of the sweet smell of the related compound benzene. ...


The years that followed saw Cities Service grow into a fully diversified oil and gas company with operations around the world. Its green, expanding circle marketing logo became a familiar sight across much of the nation.


In 1965, Cities Service first started using the "Citgo" brand (officially styled "CITGO") for its refining, marketing and retail petroleum businesses. Since 1990, it has been owned by corporations controlled by the government of Venezuela.


Venezuelan controversy

Sign on a 7-Eleven gas station pump
Sign on a 7-Eleven gas station pump

On 27 September 2006 the 7-Eleven chain of convenience stores announced its 20-year contract with Citgo was coming to an end and would not be renewed. 7-11 Spokeswoman Margaret Chabris said "Regardless of politics, we sympathize with many Americans' concern over derogatory comments about our country and its leadership recently made by Venezuela's president. Certainly Chavez's position and statements over the past year or so didn't tempt us to stay with Citgo." Later she said that "People are making it out to be more than it is."[1] Citgo's Chief Executive Felix Rodriquez accused 7-Eleven of exploiting the situation to score political points against Chavez by pointing out that the decision to terminate the contract had already been made back in July. Image File history File links 7-11_Citgo_message. ... Image File history File links 7-11_Citgo_message. ... is the 270th day of the year (271st in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... For other uses, see 7-Eleven (disambiguation). ... President Hugo Chávez Hugo Rafael Chávez Frías (born July 28, 1954) has been the President of Venezuela since 1999. ...


Chavez continued to make controversial statements despite his government's ownership of a firm which was heaviliy dependent on U.S. consumer support. In January 2007 he was quoted as saying "go to hell, gringos" in response to criticism from the U.S. government regarding his decisions as Venezuelan president.[2] Chavez has stated he will enact reforms to make Venezuela a socialist state, including nationalizing the telecom, electricity and natural gas sectors.[3] Citgo launched a national ad campaign in the fall of 2006 emphasizing the company's corporate social responsibility[4]. National television ads also aired through February 2007 featuring ordinary Americans thanking Citgo and Venezuela for providing discounted heating oil to low-income people.[5] An American woman reads the Gringo Gazette in Cabo San Lucas. ... Corporate Social Responsibility (CSR) is a concept which encourages organizations to consider the interests of society by taking responsibility for the impact of the organizations activities on customers, employees, shareholders, communities and the environment in all aspects of its operations. ... Heating oil, or burning oil, also known in the United States as No. ...


Refinery Locations

This article is about the City of Lake Charles, La. ... Nickname: Location in the state of Texas Counties Government  - Mayor Henry Garrett Area  - City 1,192. ... Incorporated Village in 1873. ... This section may require cleanup to meet Wikipedias quality standards. ... Asphalt is a sticky, black and highly viscous liquid or semi-solid that is present in most crude petroleums and in some natural deposits. ... Paulsboro highlighted in Gloucester County. ... Asphalt is a sticky, black and highly viscous liquid or semi-solid that is present in most crude petroleums and in some natural deposits. ... “Houston” redirects here. ... Lyondell Chemical Company is based in Houston, Texas. ... There are very few or no other articles that link to this one. ...

Sponsorships

Citgo was a sponsor of the Wood Brothers racing team in NASCAR for many years, winning races with drivers such as Kyle Petty, Neil Bonnett, Morgan Shepherd and Dale Jarrett. They also sponsored the Roush Racing team of Jeff Burton from late 2000 until pulling out of the sport in 2003. Jeff Burton (99), Elliott Sadler (38), Ricky Rudd (21), Dale Jarrett (88), Sterling Marlin (40), Jimmie Johnson (48), and Casey Mears (41) practice for the 2004 Daytona 500 The National Association for Stock Car Auto Racing (NASCAR) is the largest sanctioning body of motorsports in the United States. ... Kyle Eugene Petty (Born June 2, 1960 in Randleman, North Carolina) is an American NASCAR driver, the son and grandson of racing legends Richard Petty and Lee Petty, respectively. ... Neil Bonnett (July 30, 1946 - February 11, 1994) was a NASCAR driver who compiled 18 victories and 20 poles over his 18-year career. ... Clay Morgan Shepherd (born October 21, 1941) has been a NASCAR Nextel Cup driver since 1977. ... Dale Arnold Jarrett (born November 26, 1956 in Newton, North Carolina) is an American race car driver. ...


Currently, the company sponsors the Citgo Pontiac-Riley of Venezuelan Milka Duno in the Rolex Sports Car Series. Duno has three overall wins in the Rolex Series and finished second at the 2007 24 Hours of Daytona, becoming the highest-finishing female in the history of the famous race. Pontiac is a marque of automobile produced by General Motors and sold in the United States, Canada and Mexico from 1926 to the present. ... Look up Riley in Wiktionary, the free dictionary. ... Milka Duno (1972) is a Venezuelan race car driver born in Caracas. ... ... The Rolex 24 1/2 at Daytona (also frequently referred to as the 24 Hours of Daytona) is a 24-hour sports car endurance race held annually at Daytona International Speedway in Daytona Beach, Florida. ...


Citgo is now a major sponsor of the Bassmaster Fishing Tour, and is also the sponsor of a charity golf tournament benefiting the Muscular Dystrophy Association (MDA). The company's relationship with the MDA goes back to its 1983 purchase by Southland, an existing MDA sponsor. Citgo is currently MDA's biggest corporate sponsor, and its executives have appeared on the Jerry Lewis MDA Telethon.[6] This article is about the sport. ... Muscular Dystrophy Association (MDA) is a U.S. organization founded in 1950 which combats muscular dystrophy and diseases of the nervous system and muscular system in general by funding research, providing medical and community services, and educating health professionals and the general public. ... The Jerry Lewis MDA Telethon is hosted by Jerry Lewis for the Muscular Dystrophy Association. ...


Consistent with its former sponsorship of the Boston Marathon, CITGO has for the past few years sponsored an elite level multisport team that competes in both adventure racing and triathlon events throughout the United States.


The Boston Citgo sign

The famous Citgo sign as seen from Lansdowne St., Boston, Massachusetts
The famous Citgo sign as seen from Lansdowne St., Boston, Massachusetts

Citgo refers to its logo as the "trimark." A large, double-faced sign featuring this logo overlooks Fenway Park in Boston, Massachusetts and has become a landmark, partly because of its appearance in the background in televised baseball games. The current 60-foot by 60-foot incarnation, unveiled in March 2005 after a six-month restoration project, features thousands of light-emitting diodes (LEDs). LEDs were selected for their durability, energy efficiency, intensity, and ease of maintenance. Earlier versions featured neon lighting; the previous sign contained some 5,878 glass tubes with a total length of over five miles. ImageMetadata File history File links Download high resolution version (1024x768, 467 KB) Summary This is an image of the Citgo sign sitting on the Boston University Bookstore Mall. ... ImageMetadata File history File links Download high resolution version (1024x768, 467 KB) Summary This is an image of the Citgo sign sitting on the Boston University Bookstore Mall. ... “Fenway” redirects here. ... Nickname: Location in Massachusetts, USA Coordinates: , Country United States State Massachusetts County Suffolk County Settled 1630 Incorporated (city) 1822 Government  - Mayor Thomas M. Menino (D) Area  - City  89. ... This article is about the sport. ... Red, pure green, and blue LEDs. ... Lighting neon lamp, two 220/230 volt and 110 V neon lamps and a screwdriver with neon lamp inside A neon lamp is a gas discharge lamp containing primarily neon gas at low pressure. ...


The first sign, featuring the Cities Service green-and-white trefoil logo, was built in 1940, and replaced with the trimark in 1965. In 1979 Governor Edward J. King ordered it turned off as a symbol of energy conservation. Four years later, Citgo attempted to disassemble the weatherbeaten sign, and was surprised to be met with widespread public affection for the sign and protest at its threatened removal. The Boston Landmarks Commission ordered its disassembly postponed while the issue was debated. While never formally declared a landmark, it was refurbished and relit by Citgo in 1983 and has remained in operation ever since. A humorous interpretation of the name, given its location, is "See It Go" as in a home run. Architecture Architectural Trefoil (also a Christian symbol) Trefoil (from Latin trifolium, three-leaved plant, French trèfle, German Dreiblatt and Dreiblattbogen) is a term in Gothic architecture given to the ornamental foliation or cusping introduced in the heads of window-lights, tracery, panellings, etc. ... Edward Joseph King (born May 11, 1925) was the Governor of the U.S. state of Massachusetts from 1979 to 1983. ... For the physical concepts, see conservation of energy and energy efficiency. ...


It was highlighted in the short film Go, Go Citgo and the movie Field of Dreams. The sign was also featured in a 1983 Life Magazine photograph feature, as well as a 1987 animated film as Kenmore Square's "neon god." The association with Fenway and the Red Sox is so strong that some local little league fields often are decorated with replicas of the Citgo sign, as is Hadlock Field in Portland, Maine, home of the Boston Red Sox' AA affiliate Portland Sea Dogs. Recently, Citgo installed a similar (albeit smaller) sign high on the glass wall above left field in Minute Maid Park, the home of the Houston Astros. Short subject is an American film industry term that historically has referred to any film in the format of two reels, or approximately 20 minutes running time, or less. ... For other uses see film (disambiguation) Film refers to the celluliod media on which movies are printed Film — also called movies, the cinema, the silver screen, moving pictures, photoplays, picture shows, flicks, or motion pictures, — is a field that encompasses motion pictures as an art form or as... This article or section contains a plot summary that is overly long or excessively detailed compared to the rest of the article. ... A cover of Life Magazine from 1911 Life has been the name of two notable magazines published in the United States. ... This article or section does not adequately cite its references or sources. ... View of the Citgo sign in Kenmore Square Kenmore Square is a square in Boston, Massachusetts near Fenway Park, consisting of the intersection of several main avenues, (including Beacon Street and Commonwealth Avenue) as well as several other cross streets, and Kenmore Station, a T stop. ... Major league affiliations American League (1901–present) East Division (1969–present) Current uniform Retired Numbers 1, 4, 8, 9, 27, 42 Name Boston Red Sox (1908–present) Boston Americans (1901-1907) Other nicknames The BoSox, The Olde Towne Team, The Sox Ballpark Fenway Park (1912–present) Huntington Avenue Baseball Grounds... Little League Baseball - Logo Little League pitcher in Winesburg, Ohio Little League, Wayne, Michigan Little League Baseball is the name of a non-profit organization in the United States which organizes local childrens leagues of baseball and softball throughout the USA and the rest of the world. ... Hadlock Field is a Minor League baseball stadium in Portland, Maine. ... Nickname: Motto: Resurgam (Latin for I will rise again) Country United States State Maine County Cumberland Settled 1632 Incorporated 1786 Government  - Mayor Nicholas M. Mavodones, Jr Area  - City  52. ... Major league affiliations American League (1901–present) East Division (1969–present) Current uniform Retired Numbers 1, 4, 8, 9, 27, 42 Name Boston Red Sox (1908–present) Boston Americans (1901-1907) Other nicknames The BoSox, The Olde Towne Team, The Sox Ballpark Fenway Park (1912–present) Huntington Avenue Baseball Grounds... Class-Level AA Minor League affiliations Eastern League Northern Division Major League affiliation Boston Red Sox Florida Marlins Name Portland Sea Dogs (1994-present) Ballpark Hadlock Field Minor League titles League titles Division titles 1995, 1996, 1997, 2005 Owner(s)/Operated By: Dan Burke Manager: Arnie Beyeler General Manager: The... Minute Maid Park (formerly Enron Field and Astros Field) is a baseball stadium in Houston, Texas, that opened in 2000 to house the Houston Astros. ... Major league affiliations National League (1962–present) Central Division (1994–present) Current uniform Retired Numbers 5, 24, 25, 32, 33, 34, 40, 42, 49 Name Houston Astros (1965–present) Houston Colt . ...


Some in United States have criticized the prominence given to this symbol of a company closely associated with Venezuelan president Hugo Chavez. [1] President Hugo Chávez Hugo Rafael Chávez Frías (born July 28, 1954) has been the President of Venezuela since 1999. ...


See also

For other uses, see 7-Eleven (disambiguation). ... This is a list of automotive fuel brands (petrol or gasoline, diesel, etc. ... This article does not cite any references or sources. ... Modern gas station A filling station, gas station or petrol station is a facility that sells fuel for road motor vehicles – usually petrol (US: gas/gasoline), diesel fuel and LPG. The term gas station is mostly particular to the United States of America and Canada, where petrol is known... Petróleos de Venezuela, S.A. (PdVSA) is the Venezuelan nationally owned petroleum company. ...

References

  1. ^ 7-Eleven Drops Citgo As Gas Supplier, International Business Times, September 27, 2006.
  2. ^ Toothaker, Christopher. "Chavez to U.S.: 'Go to Hell, Gringos!'" 22 Jan. 2007. Associated Press.
  3. ^ Venezuela's Chavez tells U.S. 'Go to hell, gringos!', International Herald Tribune, January 21, 2007.
  4. ^ Citgo To Gush About Its Charitable Side, BrandWeek, Oct. 25, 2006
  5. ^ Is Citgo Program for Poor, or for Chávez?, Washington Post, Feb. 24, 2007
  6. ^ CITGO: On the Road to a Cure, MDA Quest Magazine, Jan./Feb. 2007

...

External links

  • Citgo
  • Petróleos de Venezuela (Spanish)
  • Citgo Logos
  • Citgo Boycott
  • Articles from CEOs of Citgo
    • David J. Tippeconnic: The Sustainability of Affordable Fuels in America - World Energy Magazine Vol. 3 No. 1
    • Félix M. Rodríguez: World-Class Reserves, Local Service - World Energy Magazine Vol. 8 No.3

  Results from FactBites:
 
Red Sox Connection - The Citgo Sign (677 words)
While many are familiar with most of the details that make these ballparks and their surrounding areas so great, the CITGO sign may be one of the sights of taking in a game at Fenway that many first-timers don't know much about.
CITGO decided to dismantle the deteriorating sign, but when the work crew arrived, defenders of the sign stopped the demolition.
In the end, CITGO, surprised by the uproar, reached an agreement with the commission and offered to refurbish the sign and illuminate it for three years.
  More results at FactBites »

 
 

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