What gas stations are owned by Venezuela?
Christopher Martinez
Published Jan 20, 2026
Headquartered in the Energy Corridor area of Houston, it is majority-owned by PDVSA, a state-owned company of the Venezuelan government (although due to U.S. sanctions, in 2019, they no longer economically benefit from Citgo)….Citgo.
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Which oil company is owned by Venezuela?
PDVSA
Petróleos de Venezuela S.A. Petróleos de Venezuela, S.A. (PDVSA, Spanish pronunciation: [peðeˈβesa]) (English: Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company.
Who does Valero get their gas from?
Valero Energy Corporation is formed as a spinoff of Coastal States Gas Corporation, specifically Coastal’s intrastate Texas gas-gathering pipeline; based in San Antonio, Valero moves into refining by acquiring an interest in Saber Energy, Inc., which operates a small refinery in Corpus Christi, Texas.
Who did Valero buy?
Ultramar Diamond Shamrock
Valero completes its largest transaction to date: merging with San Antonio-based Ultramar Diamond Shamrock, bringing six more refineries into Valero’s portfolio: Ardmore, Oklahoma; Wilmington, California; Denver, Colorado*; McKee (Sunray, Texas) and Three Rivers, Texas; and Lévis, Quebec (later named Jean Gaulin …
Does Venezuela refine its own oil?
Refining. Venezuela had 1.3 million b/d of domestic nameplate crude oil refining capacity in 2019, which PdVSA operated. However, actual refining throughput in 2019 was at an estimated 10% of its nameplate capacity, or 135,000 b/d, down from approximately 40% in 2017.
Why is Venezuela so poor?
According to Chosun Ilbo, Venezuela began to face economic difficulties due to Chávez’s populist policies. Venezuela’s economy faltered while poverty, inflation and shortages in Venezuela increased.
Is the oil from Venezuela going to Valero?
Valero is in no way connected with Venezuela, other than perhaps buying some of their crude oil to refine here in the states. If you have a problem with that, then don’t buy your gas at Chevron/Texaco or Conoco/Phillips because they buy crude from Venezuela as well.
Who is the owner of Valero gas stations?
Who owns Valero gas stations? Valero Energy was founded in 1980 as a corporate successor of Lo-Vaca Gathering Company—a natural gas pipeline subsidiary of Houston-based Coastal Corporation. In 1984, the company commissioned its first full-scale refinery.
Is the name Citgo and Valero the same?
Yes, Valero and CITGO are separate companies, but they benefit the same parties when the name Valero is on a gas station: Venezuela and Chavez. Valero is a Texas-based company with no connections to Venezuela.
Where is Valero Energy located in North America?
Valero Energy is the largest global independent petroleum refiner and the largest renewable fuels producer in North America. It’s headquartered in San Antonio. Valero Energy was founded in 1980.
