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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. After the U.S. Supreme Court’s dissolution of ...
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.
Robert Orville Anderson (April 12, 1917 – December 2, 2007) was an American businessman, art collector, and philanthropist who founded Atlantic Richfield Company (ARCO). Anderson also supported several cultural organizations, from the Los Angeles County Museum of Art to Harper's Magazine. He died December 2, 2007, at his home in Roswell, New ...
Sep 17, 2024 · The Atlantic Richfield Company, Arco, was founded in 1966 after Richfield Oil and Atlantic Refining Company merged. Atlantic Refining's history dates to the 1850s, making it one of the oldest oil companies on the East Coast. It was one of the many companies initially comprising the Standard Oil Trust monopoly.
Atlantic Richfield was founded in 1865 as the Atlantic Refining Company, and established the first refinery in the United States in Philadelphia, Pennsylvania that same year. Atlantic Refining was swallowed by the Standard Oil Company in 1874, but reemerged as an independent company in 1911, when the Standard Oil Trust was broken up by the U.S. Supreme Court under the Sherman Antitrust Act.
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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 west of the Mississippi, including the name ...
