Is Valero Petroleum Company owned by Hugo Chavez?

Question

I know that Hugo Chavez has changed the Citco name to Petro Express since real Americans stopped using his fuel. This week someone told me he owned Valero Oil. Were I live Valero has bought out all the BP & Shamrock Diamond quick stop convenience stores. I would like to know if this is true or false.

Answer 1

Technically Valero Petroleum Company doesn’t exist. As of February 7, 2007 the only two companies sporting the name Valero, is Valero Energy Corporation (a refining company) and Valero L.P. (a pipeline, terminal, and oil storage company). Both of these Companies are American Corporations (corporate headquarters are located in San Antonio, TX), and do not currently operate in Venezuela, or the Middle East.

For more information you can go to sec.gov and look at financial statements filed by Valero Energy Corporation and Valero L.P.

Answer 2

This Site Might Help You.

RE:
Is Valero Petroleum Company owned by Hugo Chavez?
I know that Hugo Chavez has changed the Citco name to Petro Express since real Americans stopped using his fuel. This week someone told me he owned Valero Oil. Were I live Valero has bought out all the BP & Shamrock Diamond quick stop convenience stores. I would like to know if this is true or...

Answer 3

Valero Gasoline

Answer 4

Valero is public company listed on the NYSE(New York Stock Exchange). Ticker symbol being VLO. 70% of the shares are owned by institutions i.e. mutual funds, brokerage houses, private investors

While Hugo might own some stock in the company, nor he or Venezuela own 100% of VLO.

Answer 5

This is all I could find....I hope it helps


Valero L.P., a limited partnership, through its wholly owned subsidiary, Valero Logistics Operations, L.P., engages in the ownership and operation of crude oil and refined product pipeline and terminalling assets. The pipeline, terminalling, and storage tank assets provide transportation of crude oil and other feedstocks to the refineries and the transportation of refined products from the refineries to terminals or third-party pipelines for further distribution. The partnership also owns and operates crude oil storage tanks. Riverwalk Logistics, L.P. operates as the general partner to Valero L.P. The partnership, formerly known as Shamrock Logistics, L.P., was formed in 1999 and changed its name to Valero L.P. in 2002. Valero is based in San Antonio, Texas.

Answer 6

Valero might be an American based corporation, but they offshore most of their profits to avoid paying taxes. US citizens should be more concerned about corporate bailouts than Hugo.

Answer 7

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I saw a documentary on Hugo that was c/o PBS's Frontline. He does have a variety show where he sings, dances, tells jokes and talks trash. I watched it with my little brother about a year ago. He said, "when this sack of garbage Obama is elected, he is going to have a show like this." I couldn't help but agree. I think that he will on his third term as Dictator of the North American Union (this will happen if the liberals get their way).