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  • Rank
    39
  • Previous Rank
    41
  • CEO
    Eulogio Del Pino
  • Address
    Av. Libertador, La Campiña, Apdo. 169, Caracas 1050-A
  • Website
  • Industry
    Petroleum Refining

Venezuela’s state oil company is suffering from many problems beyond the recent slump in crude prices. The company’s revenues have long been used to finance national social programs and development schemes, but PDVSA is now in arrears. Oil production for the firm, which holds the world’s largest proven reserves, has fallen, in part due to accidents and poor infrastructure. Morale among PDVSA’s bloated workforce — whose pay has been rendered a mere pittance due to hyperinflation in the country — is dangerously low. New management is doing what it can to lure foreign oil partners.

Company Information

Figures prepared in accordance with International Accounting Standards. Government owned 50% or more.
CEO
Eulogio Del Pino
Industry
Petroleum Refining
Sector
Energy
HQ Location
Caracas, Venezuela
Websitehttp://www.pdvsa.com
Years on List17

Key Financials (last fiscal year)

($ Millions)% change
Revenues128,439-4.4%
Profits7,386-48.2%
Assets226,760-
Employees152,072-

Profits as a % of

Profit as % of Revenues5.8%
Profits as % of Assets3.3%
Profits as % of Stockholder Equity10.9%