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Apr 1, 1999 · BP Amoco's $26.8B deal. April 1, 1999: 4:57 p.m. ET. U.K. giant buys Arco; to create world's second-largest oil group. LONDON (CNNfn) - BP Amoco announced Thursday it would buy Atlantic Richfield ...
Apr 1, 1999 · April 1, 1999 12 AM PT. TIMES STAFF WRITER. BP Amoco has agreed to buy Atlantic Richfield Co. in a stock swap worth about $27 billion that will fold the Los Angeles oil company into a new global ...
- NANCY RIVERA BROOKS
Apr 1, 1999 · BP Amoco will take a restructuring charge of $1 billion and will cut 2,000 jobs, with 15 to 20 percent being axed in Alaska. The company said another 200 jobs will go in Southern England.
- CBS News
Nov 15, 2024 · Los Angeles. Atlantic Richfield Company (ARCO), former American petroleum corporation that was headquartered in Los Angeles and was bought in 2000 by the giant BP Amoco (later BP PLC). The Atlantic Richfield Company was created in 1966 by the merger of Richfield Oil Corporation and Atlantic Refining Company. Atlantic Refining, whose predecessor ...
Apr 13, 2000 · BP Amoco-Arco deal OK'd. April 13, 2000: 2:59 p.m. ET. FTC approves $27B merger creating world's third-largest oil company. NEW YORK (CNNfn) - The U.S. Federal Trade Commission has given final ...
Sep 29, 2005 · American Depositary Shares of BP Amoco were at $95.81\, down $5.18} while shares of Arco fell 68} cents to $72.81\, also on the Big Board. BP Amoco plans to sell about $3-billion in overlapping ...
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1957: Richfield is the first to discover oil in Alaska. 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.
