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Citgo responded by offering to buy Mesa, which was the first use of what became known as the Pac-Man take-over defense; i.e., a counter-tender offer initiated by a takeover target. Cities Service also threatened to dissolve itself by incremental sales rather than being taken over by Mesa, stating that it believed that the pieces would sell for ...
Lyondell bought ARCO Chemical in 1998 for $5.6 billion including ARCO's entire 82.2% ownership stake. In 2004, Lyondell purchased Millennium Chemicals in a stock-swap deal at $2.3 billion. In August 2006, Lyondell acquired Citgo's interest in the Lyondell-Citgo Refinery for $2.1 billion, and renamed the facility Houston Refining.
On March 9, 2022, one of the Citgo Six was released following a meeting between US officials, including US Ambassador to Venezuela James B. Story, and Venezuelan President Nicolás Maduro. The families of the five remaining executives were a part of the Bring Our Families Home campaign which advocates to bring home wrongful detainees and ...
Venezuelan opposition presidential candidate Maria Corina Machado on Friday said she hoped the U.S. Treasury Department would extend its protection of Houston-based refiner Citgo Petroleum, saying ...
In 1986, PDVSA bought 50% of the United States gasoline brand Citgo from Southland Corporation and in 1990 the remaining half. With full ownership of Citgo, PDVSA at its peak controlled 10% of the US domestic oil market, creating a lucrative export chain from Venezuelan soil to American consumers, [18] as the two largest buyers of Venezuelan ...
ConocoPhillips (2002–2012) Tagline. We're on the driver's side [1] Website. 76.com. 76 (formerly Union 76) is a chain of gas stations located within the United States. The 76 brand is owned by Phillips 66. [2] Unocal, the original owner and creator of the 76 brand, merged with Chevron Corporation in 2005.
Enterprise Products Partners L.P. Crude oil, refined products and certain petrochemicals. Enterprise Products Partners L.P. ( NYSE : EPD) is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. [6] It acquired GulfTerra in September 2004.
Gulf Oil LP. Gulf Oil LP is an American oil company formed when Chevron Corporation acquired the naming rights to the Gulf Oil brand in the United States for $ 13 billion in 1985. [1] [5] By 2010, convenience store chain Cumberland Farms acquired all rights to the brand from Chevron, making it the sole owner and marketer in the country. [2]