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Petróleos de Venezuela

Company namePetróleos de Venezuela S.A.
Company typeState-owned enterprise
IndustryOil and Gas
HeadquartersCaracas, Venezuela
Key peopleRafael Ramirez, President
Revenue(-) 91.18 billion (2009)
Net income(-)$ 1.61 billion (2009)
Total assets$ 137.2 billion (2009)
ParentVenezuelan government
SubsidiaryPDV Marina
PDV (Deltaven)
Electricidad de Caracas, C.A. (93.62%)
Citgo (100%)

     Home | Company | Petroleos de Venezuela

Petróleos de Venezuela, S.A. (PDVSA, -espeðeˈβesa) (Petroleum of Venezuela) is the Venezuelan state-owned petroleum company. It has activities in exploration, production, refining and exporting oil, as well as exploration and production of natural gas. Since its founding on 1 January 1976 with the nationalization of the Venezuelan oil industry, PDVSA has dominated the oil industry of Venezuela, the world's fifth largest oil exporter.

Between 2004 and 2010 PDVSA contributed $61.4 billion to social development funds. Around half of this went directly to various Bolivarian Missions, with the remainder distributed via the National Development Fund.

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