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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.
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 ...
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). [1] A Richfield service station located in Tucson, Arizona, July 1939.
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 ...
1936: Rio Grande Oil merges with other companies to become the Richfield Oil Corporation. 1938. Richfield embarked on a new era, marked by a significant oil discovery in California in 1938. 1948. By 1948, according to Jones, Richfield had developed into a highly successful, well-balanced oil company. 1956.
Richfield Oil Company, which opened its first gas station in 1917 in Los Angeles, California. The two companies merged in 1966, and bought Sinclair Oil Corporation in 1969. In 1978, ARCO opened its first ampm convenience store. Between 1970 and 2000, ARCO had a complicated corporate history. By 1985, it sold its Eastern US business to a new ...
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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.