What does CPAX mean in RAILROADS
CPAX stands for CITGO Petroleum Corporation. This publicly traded US-based refining and marketing firm is a subsidiary of the Venezuelan government-owned PDVSA, the national oil company in Venezuela. The company is headquartered in Houston, Texas and operates five refineries located throughout the United States with a combined processing capacity of 749 thousand barrels per day. Additionally, it owns and operates more than 4,400 retail outlets located across the country. CITGO Petroleum specializes in production of crude oil and refined petroleum products such as gasoline, diesel fuel, jet fuel, lubricants, asphalt and petrochemicals.
CPAX meaning in Railroads in Regional
CPAX mostly used in an acronym Railroads in Category Regional that means CITGO Petroleum Corporation
Shorthand: CPAX,
Full Form: CITGO Petroleum Corporation
For more information of "CITGO Petroleum Corporation", see the section below.
Business Overview
CITGO Petroleum Corporation was founded in 1910 as Cities Service Oil Company before merging with PDVSA in 1990 to become its wholly owned subsidiary. Today, it is one of the largest independent refiners and marketers of petroleum products in the United States. Its products are marketed through CITGO branded gas stations which span 48 states including Washington D.C., Guam and Puerto Rico. In addition to refining and marketing activities, CITGO also participates in charitable giving initiatives that benefit local communities throughout the nation via its CITGO Fueling Good campaign and various other efforts which are aimed at improving quality of life on both local and national levels.
Refining & Marketing Activities
CITGO’s refining operations include five refineries located across the United States – 3 in Louisiana (Lake Charles), 1 in Illinois (Wood River) and 1 in Texas (Corpus Christi). These refineries produce a variety of refined petroleum products such as gasoline, diesel fuel, jet fuel (kerosene), asphalt base stock and specialty petrochemicals all derived from crude oil or condensates processed at these facilities. The company also engages in marketing activities to distribute these finished products either directly or through third-party wholesale distributors.
Retail Operations
Apart from its production activities CITGO also has expansive retail operations that encompass more than 4,400 branded gas stations which provide customers with fuels such as gasoline, diesel fuel etc., along with convenience store items like drinks snacks etc., making them one stop shopping environments for travelers looking for refueling options while on their trips.
Essential Questions and Answers on CITGO Petroleum Corporation in "REGIONAL»RAILROADS"
What is CITGO Petroleum Corporation?
CITGO Petroleum Corporation is an American-owned oil and petroleum refining company that operates three refineries in the United States. It markets transportation fuels, lubricants, petrochemical feedstocks, and other products in 26 states across the United States. The company has its headquarters in Houston, Texas.
Who owns CITGO Petroleum Corporation?
CITGO Petroleum Corporation is owned by PDV America Inc., a subsidiary of Petróleos de Venezuela S.A (PDVSA). PDVSA is a Venezuelan state-owned oil and natural gas company headquartered in Caracas, Venezuela.
What are some of the products offered by CITGO Petroleum Corporation?
CITGO offers a variety of products including fuel additives, lubricants, diesel fuel, gasoline, kerosene, marine oils, ethanol blends and specialty products such as motor oils and grease.
What services does CITGO provide?
CITGO provides several services for consumers and businesses alike such as fuel delivery services to retail sites or fleets; blending of commercial/industrial fuels; custom packaging solutions; Petro rewards program; fleet service programs for carriers; tanks installation; and convenience store services among others.
How many states does CITGO operate in?
CITGO operates in 26 states across the United States including Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky among many others.
What type of payment options are accepted by CITGO?
CITGO accepts various types of payment options for payment of products such as Visa debit cards along with cash or check payments.
Is there any loyalty program at Citgo?
Yes! The Citgo Rewards Program awards customers with points for every purchase made at their stations which can be redeemed online or at any participating location for discounts on future purchases. The more you use your card or phone number to pay at the pump or inside the store–the more points you earn! Plus you get exclusive deals too!
Does Citgo offer promotions to their customers?
Yes! Citgo offers customers promotional offers through its online portals like website and social media channels as well as its mobile app which helps customers save money on their fuel purchases.
Final Words:
In conclusion, CPAX stands for CITGO Petroleum Corporation which is a publicly traded US based refining and marketing firm that’s a subsidiary of PDVSA - Venezuelan government-owned National Oil Company. The company specializes in production of crude oil & refined petroleum products such as gasoline & diesel fuel among others plus it owns & operates over 4,400 branded gas stations across 48 states.