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Texaco sold some Citgo gas stations in the southeast when Chevron gained exclusive rights to the Texaco brand name in the U. 7-Eleven spokeswoman Margaret Chabris said "Regardless of politics, we sympathize with many Americans' concern over derogatory comments about our country and its leadership recently made by Venezuela's president.
Certainly Chavez' position and statements over the past year or so didn't tempt us to stay with Citgo." During the 2000s, Citgo faced several legal actions over the operation of its Corpus Christi, Texas oil refinery.
In 1964, the company moved its headquarters from Bartlesville, Oklahoma, to Tulsa.
At the height of Cities Service's growth, Congress passed the Public Utility Holding Company Act of 1935, which forced the company to divest itself of either its utility operations or its oil and gas holdings.
The minimum sale price was set at 10 billion US dollars; however, PDVSA has been unable to find a buyer at that price.
Citgo also has a much earlier connection to Venezuela, dating to the turn of the 20th Century.
Late in the summer of 1982, Gulf Oil terminated the merger agreement claiming that Cities Service's reserve estimates were over-stated. (For a more detailed discussion of the Cities Service vs.
Gulf Oil litigation, see Gulf Oil#Demise.) Ironically, two years later, Gulf Oil itself would collapse as a result of a Pickens-initiated takeover attempt.
In 1944, it was retitled Highways in Melody, and later the series was known as The Cities Service Band of America.In 2007, it was convicted of a violation of the Clean Air Act for operating an oil-water separator without proper pollution-control equipment.It was found not guilty of a charge of emitting illegal levels of benzene into the environment.In 1931, Cities Service completed the nation's first long-distance high pressure natural gas transportation system, a 24-inch pipeline 1,000 miles long from Amarillo, Texas to Chicago, Illinois.A logical step in the company's program for finding and developing supplies of natural gas was its entry into the oil business.