ARCO

ARCO (short for Atlantic Richfield Company, the original name) is a United States oil company. It has operationsn 2 in the United States, Indonesia, the North Sea, and the South China Sea.[1] As of July 2011, it had more than 1,300 gas stations in the western part of the United States.[2]

Atlantic Richfield Company (ARCO)
Company typePrivate (subsidiary of Tesoro Corporation)
HeadquartersLa Palma, California, United States
Number of locations
1,200
Area served
United States
ParentBritish Petroleum (2000-2013)
Tesoro Corporation (2013-present)
WebsiteARCO.com
An ARCO filling station in Los Angeles, California

ARCO's original parent companies included:

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 Atlantic Petroleum. In 2000, the remaining Western US business was bought by British Petroleum (BP). Finally, in 2013,[3] BP sold ARCO and the Carson Refinery to Tesoro for $2.5 billion.

Oil discovery

In 1957, Richfield was the first to drill for oil in Alaska.[4] On July 15 of that year they struck oil with their first well. It was the first major oil discovery in Alaska and tested at 900 barrels a day.[5] In 1968 they partnered with Exxon for Alaska North Slope oil production.[6] In 1980, they were the seventh largest oil company in the United States.[7]

ARCO Media

Related pages

References

  1. ↑ Atlantic Richfield Chemical and Oil (ARCO) (American oil company) - Britannica Online EncyclopediaBritannica.com. Retrieved 9 October 2015.
  2. ↑ Official About ARCO PageARCO. Retrieved 2011-07-07.
  3. ↑ "Tesoro Corporation Closes the Purchase of BP's Southern California Refining and Marketing Business". The Wall Street Journal. June 3, 2013. http://online.wsj.com/article/HUG1706471.djm.html?mod=googlenews_wsj. 
  4. ↑ Oil Discovery and Development in AlaskaAlaska Humanities Forum. Retrieved 24 May 2016.
  5. ↑ Richfield Oil Corporation (12 September 2013). Retrieved 24 May 2016.
  6. ↑ A Brief History of Major Oil Companies in The Gulf RegionUniversity of Virginia. Retrieved 24 May 2016.
  7. ↑ Atlantic Richfield Co., the nation's seventh largest oil company,... (27 October 1980)United Press International, Inc. Retrieved 24 May 2016.

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