Venezuela & CITGO

Our Corporate Structure

Petróleos de Venezuela (PDVSA), the Venezuelan state oil company, owns 100% of the stock of PDV Holding.

Given the current political situation in Venezuela, the PDV Holding board was elected by the ad hoc Board of Directors of PDVSA, which was appointed by, and now accountable to, Venezuelas interim government and the 2015 National Assembly, which are recognized by the United States.

U.S.-based PDV Holding, a holding company incorporated in Delaware and headquartered in Texas, is the indirect sole stockholder of CITGO Petroleum Corporation, through ownership of 100% of the shares of its direct subsidiary CITGO Holding, Inc.

CITGO Holding, Inc. is the sole stockholder of CITGO Petroleum Corp.

CITGO Petroleum Corporation is the indirect subsidiary of PDV Holding.

CITGO, CITGO Holding, and its parent entity PDV Holding work closely with the U.S. government and other governmental authorities to ensure all legal standards are met.

The Boards of Directors of the three companies work to ensure operational stability, strengthen corporate governance and safeguard the assets of the CITGO business.

Meet the Board of Directors

"We take seriously our responsibility to CITGO's ultimate shareholder, the Venezuelan nation. That means safeguarding CITGO assets and operating the company safely, efficiently and profitably for Venezuela's future."

Message from The Board of Directors

Frequently Asked Questions

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Who controls CITGO entities?

How does the current situation affect the relationship between CITGO and Venezuela?

What is CITGO doing with its profits in the meantime?

What actions has CITGO taken to ensure good corporate governance?

What is the Board of Directors doing to ensure regulatory compliance?

How is the CITGO Board of Directors handling investigations into the practices of the previous administration?