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Who founded Citgo?

Updated: 10/26/2022
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15y ago

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The story of CITGO Petroleum Corporation as an enduring American success story began back in 1910 when pioneer oilman, Henry L. Dougherty, 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. With a secure and ample supply of crude oil, CITGO quickly became a major force in the energy arena.

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Q: Who founded Citgo?
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The PDV America owned Citgo Gas Station was first founded in 1910. They have their headquarters in Houston, Texas and mainly sell petrochemical products.


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Citgo was created in 1910.


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Where can you use a citgo gas card in California?

On four trips to CA 1993-2007 I found a single CITGO station in Norwalk, at the intersection of Imperial Hwy and Shoemaker. I was able to use my CITGO card there. Updated as of January 2008: Last year, I was able to use my Citgo card at a few different stations in Southern California - one in Glenale and one in the Van Nuys/Pacoima area. However, in the last 6 months, at LEAST the following locations (a couple of them combined with 7-11 convenient stores), no longer accept citgo gas cards. I still haven't been in the area of Van Nuys/Pacoima stores and needed gas, so I can't confirm whether or not they still take Citgo cards, but a search of the Citgo website location finder offered me 0 results for locations in the entire state of California. I can't confirm whether or not the above mentione Norwalk location still accepts Citgo cards.


What is the ticker for citgo?

There isn't one. It isn't traded on the NYSE or NASDAQ exchanges. Citgo Petroleum is the operating subsidiary of PDV America, itself a subsidiary of Venezuela's PDVSA.