Petróleos de Venezuela Company Description
American motorists rely on Petróleos de Venezuela S.A. (PDVSA), one of the top exporters of oil to the US. The state-owned company is a global oil giant. It has proved reserves of more than 78 billion barrels of oil -- the most outside the Middle East -- and about 4.7 trillion cu. meters of natural gas. PDVSA's exploration and production take place in Venezuela, but the company also has refining and marketing operations in the Caribbean, Europe, and the US. Subsidiary CITGO Petroleum supplies gasoline to some 8,000 US retail outlets. PDVSA also makes Orimulsión, a heavy fuel alternative made from bitumen.
View the Comprehensive Company Description for Petróleos de Venezuela
The Company Description provides a historical perspective of Petróleos de Venezuela's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Petróleos de Venezuela's evolution in the marketplace.
