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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.
Richfield Oil Corporation was an American petroleum company based in California from 1905 to 1966. In 1966, it merged with Atlantic Refining Company to form the Atlantic Richfield Company (later renamed ARCO).
In 1865, six years after Drake's Folly, the world's first oil derrick, went into operation, Charles Lockhart and his partners established the Atlantic Refining Company in Philadelphia, the first refinery in the United States.
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]
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 ...
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.
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Richfield Oil Corporation merged with the Atlantic Refining Company to form Atlantic Richfield Company in 1966. In 1999 BP Amoco purchased ARCO for $26.8 billion in stock, making BP Amoco the world’s second-largest petroleum company.
