CITGO Declares $400 Million Dividend
Dec 8, 2004
HOUSTON, Dec. 8, 2004 --- CITGO Petroleum Corporation, an indirect wholly owned subsidiary of Petróleos de Venezuela, S.A. (PDVSA), today declared a dividend of $400 million payable to its parent.
“Our results this year have been outstanding,” stated CITGO President and CEO Luis Marín, “allowing us to pay this dividend. Clearly, CITGO is a solid investment for PDVSA.”
CITGO, based in Houston, is a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals, refined waxes, asphalt and other industrial products. The company is owned by PDV America, Inc., an indirect wholly owned subsidiary of Petróleos de Venezuela, S.A., the national oil company of the Bolivarian Republic of Venezuela."