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Trying to establish a national presence, Atlantic merged with West Coast oil company Richfield Oil in 1966. The combined company became known as the Atlantic Richfield Company, eventually being better known by its acronym ARCO. [4]
6 days ago · The Atlantic Richfield Company was created in 1966 by the merger of Richfield Oil Corporation and Atlantic Refining Company. Atlantic Refining, whose predecessor firms date back to the 1850s, was incorporated in 1870 and, after 1892, became one of the eastern companies of the Standard Oil Trust.
1966: Atlantic Refining and Richfield merge to form the Atlantic Richfield Company. 1977: The Alaskan pipeline opens with Atlantic Richfield as 21 percent owner. 1989: Net income reaches a record high of $1.95 billion. 1992: ARCO completes a deal to pipe gas from China to Hong Kong.
Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation’s largest refining system with more than 3 million barrels per calendar day (bpcd) of crude oil capacity across 16 refineries.
Atlantic merged with West Coast Oil company Richfield Oil in 1966. The combined company became known as the Atlantic Richfield Company, better known by its acronym as ARCO. While the merger with Richfield and eventual rebranding of the stations to ARCO was successful.
Sinclair put out a distress signal; Atlantic Richfield Company (ARCO) answered. The two came together in what was, at the time, the largest merger in the history of the industry. This naturally caught the attention of the U.S. Justice Department, but they eventually reached an agreement in 1969: ARCO would divest themselves of certain assets ...
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Commercial oil exploration started in Prudhoe Bay, Alaska in the 1960s and the Prudhoe Bay Oil Field, North America's largest oil field, was discovered on March 12, 1968, by Atlantic Richfield Company (ARCO) and Exxon with the well Prudhoe Bay State #1.
