Cities Service Co. - $5,000 Specimen Bond - Also Known as Citgo Petroleum Corporation

$5,000 6 5/8% Specimen Bond printed by Security-Columbian Banknote Company. Citgo Petroleum Corporation, commonly referred to as Citgo (stylized as CITGO), operates as a refiner, transporter, and marketer of transportation fuels, lubricants, petrochemicals, and various industrial products within the United States. The company is headquartered in the Energy Corridor of Houston and is primarily owned by PDVSA, a state-owned entity of the Venezuelan government. However, due to U.S. sanctions imposed in 2019, PDVSA no longer derives economic benefits from Citgo. The origins of the company can be traced back to the early 20th century and the endeavors of oil magnate Henry Latham Doherty. After achieving significant success in the manufactured gas and electric utility sectors, Doherty established Cities Service Company in 1910, aiming to provide gas and electricity to smaller public utilities. His initial efforts involved acquiring gas-producing assets in the mid-continent and southwestern regions.