Citgo Petroleum Company Profile
Citgo Petroleum, founded in 1910 and now an acquired subsidiary of Petroleos de Venezuela with 3,600 employees, operates crude oil refineries refining and marketing petroleum products across North America, holds 117 patent documents including active patents on online coke removal technology, competes with firms like Rosneft Deutschland and Imperial Oil, and recently merged with Big Run Golf Club as part of its corporate activities.
Overview
Citgo Petroleum is an operator of crude oil refineries, aiming to be a benchmark in the energy industry. The company refines, markets, and transports gasoline, diesel fuel, jet fuel, lubricants, petrochemicals, and other petroleum-based industrial products. These products are sold through various independent marketers in North America.
- Year Founded: 1910
- Status: Acquired/Merged
- Employees: 3,600
- Latest Deal Type: Buyout/LBO (Announced)
- Financing Rounds: 26
- Investments: 3
- Ownership Status: Acquired/Merged (Operating Subsidiary)
- Financing Status: Corporate Backed or Acquired
- Parent Company: Petroleos de Venezuela
- Primary Industry: Energy Refining
- Other Industries: Energy Transportation, Energy Marketing
- Corporate Office: PO Box 4689, Houston, TX 77210-4689, United States
- Website: www.citgo.com
Competitors
Some of Citgo Petroleum’s competitors include:
- Rosneft Deutschland (Berlin, Germany)
- CVR Refining (Sugar Land, TX)
- Imperial Oil (Calgary, Canada)
- Delek US Holdings (Brentwood, TN)
- Gazprom neftekhim Salavat (Salavat, Russia)
Patents
- Total Documents (Applications and Grants): 117
- Total Patent Families: Not specified
- Granted: 4
- Pending: 1 (expiring in next 12 months)
Recent Patent Activity
- US-10968399-B2: Online coke removal in a heater pass (Active, filed 07-Apr-2017)
- US-20180291283-A1: Online coke removal in a heater pass (Active, filed 07-Apr-2017)
- US-D691053-S1: Bottle (Active, filed 13-May-2011)
- US-20090325829-A1: Reduced molybdenum grease formulation (Inactive, filed 27-Jun-2008)
- US-7574981-B1: Apparatus and method for improving the durability of a cooling tube in a fire tube boiler (Inactive, filed 05-Oct-2006)
Investments & Acquisitions
Citgo Petroleum’s most recent deal was a merger/acquisition with Big Run Golf Club on 15-Aug-2024.
- Big Run Golf Club: Merger/Acquisition (15-Aug-2024, Leisure Facilities)
- UNO-VEN Company (Lemont Refinery): Corporate Asset Purchase (01-Jan-1997, Other Energy)
- LyondellBasell Industries Holdings (Houston Refinery): Joint Venture (01-Jan-1993, Other Energy)
Exits
- LyondellBasell Industries Holdings (Houston Refinery): Exit on 01-Jan-1993 (Completed, 2 buyers)
Affiliates (Subsidiaries)
- Citgo Investment Company (Tulsa, OK, founded 1996)
- Vphi Midwest (Houston, TX, founded 1989)
- CITGO Petroleum Corporation Employees Retirement and Savings Plan (Houston, TX, founded 1987)
- Big Run Golf Club (Lockport, IL, founded 1930)
- CITGO Petroleum Defined Benefit Master Trust (Houston, TX)
FAQs
When was Citgo Petroleum founded?
Citgo Petroleum was founded in 1910.
Where is Citgo Petroleum headquartered?
Citgo Petroleum is headquartered in Houston, TX.
What is the size of Citgo Petroleum?
Citgo Petroleum has 3,600 total employees.
What industry is Citgo Petroleum in?
Citgo Petroleum’s primary industry is Energy Refining.
Is Citgo Petroleum a private or public company?
Citgo Petroleum is a private company.
What is the current valuation of Citgo Petroleum?
The current valuation of Citgo Petroleum is not specified.
What is Citgo Petroleum’s current revenue?
The current revenue for Citgo Petroleum is not specified.
How much funding has Citgo Petroleum raised over time?
Citgo Petroleum has raised $9.8B.
Who are Citgo Petroleum’s investors?
7-Eleven has invested in Citgo Petroleum.
Who are Citgo Petroleum’s competitors?
Rosneft Deutschland, CVR Refining, Imperial Oil, Delek US Holdings, and Gazprom neftekhim Salavat are some of the 14 competitors of Citgo Petroleum.
When was Citgo Petroleum acquired?
Citgo Petroleum was acquired on 25-Nov-2025.