PROFILE |
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Whether they know it or not, American motorists rely on Petróleos de Venezuela S.A. (better known as PDVSA), one of the leading exporters of oil to the US. The government-owned company boasts proved reserves of 76.9 billion barrels of oil -- the most outside the Middle East -- and 146.8 trillion cu. ft. of natural gas. Although PDVSA's exploration and production take place in Venezuela, the company has refining and marketing operations in the Caribbean, Europe, and the US, as well as at home. Subsidiary CITGO Petroleum operates 14,000 gas stations in the US. PDVSA also makes Orimulsion, a patented fuel made from bitumen, and markets it to electricity generators as an alternative to coal.
COMPETITION |
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Exxon Mobil Corporation (XOM)
Petróleos Mexicanos (dossier)
Saudi Arabian Oil Company (dossier)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 53,234.00
1-Yr. Sales Growth: 63.1%
Employees: 50,821
Revenue per employee: $1,047,480.37
KEY PEOPLE |
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Guaicaipuro Lameda Montero
CEO
Luis Dávila
CFO
CONTACT INFO |
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Edificio Petroleos de Venezuela
Caracas 1010-A, Venezuela
Phone: 58-2-708-4111
Fax: 58-2-708-4661
Online: Web Site
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