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BP Amoco
- The acquisition of Atlantic Richfield by BP Amoco in 2000 for $27 billion doubled the British company’s share of natural gas in Prudhoe Bay and made BP the second largest oil company in the world.
www.britannica.com/money/Atlantic-Richfield-Company
Consolidated Oil Corporation (in 1943 renamed Sinclair Oil Corp), in 1932, offered to buy Richfield Oil. [7] While this offer was not accepted, Harry Ford Sinclair, president of Consolidated Oil, continued to pursue Richfield Oil [8] and prevented Standard Oil of California (now known as Chevron) from taking over the company.
The merger of the two oil companies took place in January 1966, forming Atlantic Richfield Company. Two years later, the biggest oil discovery in the Western Hemisphere was made in Prudhoe Bay, Alaska, with Atlantic Richfield the biggest federal leaseholder in the state.
6 days ago · 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 Petroleum was an oil company in the Eastern United States headquartered in Philadelphia, Pennsylvania, and a direct descendant of the Standard Oil Trust. [1] It was also one of the companies that merged with Richfield Oil Corporation to form the "AtlanticRichfield Co.", later known as ARCO.
Consolidated Oil Corp, in 1935, bought Richfield's eastern United States operations. This maneuver removed Standard Oil of California's interest in Richfield Oil. The east coast gas stations would later be rebranded as Sinclair stations.
Apr 1, 1999 · 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 energy giant capable of exploring all...
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In 1957, Richfield, which had become a major producer of high-octane aviation fuel during World War II, became the first company to strike oil in Alaska, and eventually acquired leases on 2.5 million acres of federal land.
