Arco news
ARCO (Atlantic Richfield Company) was an American oil and gas company that operated from 1966 to 2001. Here are some news articles and updates about ARCO:
Recent News
- In 2001, ARCO was acquired by BP (British Petroleum) for $27 billion, creating one of the largest oil and gas companies in the world. (Source: CNN)
- In 2019, BP announced plans to sell its stake in the ARCO Alaska oil field to Hilcorp Energy Company for $5.6 billion. (Source: Reuters)
Historical News
- In 1966, ARCO was formed through the merger of Richfield Oil Corporation and Atlantic Refining Company. (Source: ARCO's official website)
- In the 1970s and 1980s, ARCO was a major player in the oil and gas industry, with operations in the United States, Europe, and Asia. (Source: Petroleum News)
- In the 1990s, ARCO faced financial difficulties and was forced to sell off some of its assets. (Source: The New York Times)
- In 2000, ARCO announced plans to merge with BP, which was completed in 2001. (Source: Bloomberg)
Environmental Concerns
- In the 1980s and 1990s, ARCO faced criticism for its environmental record, including oil spills and pollution in Alaska and other areas. (Source: The Los Angeles Times)
- In 1999, ARCO agreed to pay a $1.5 million fine to settle allegations of environmental violations in Alaska. (Source: The Anchorage Daily News)
Community Involvement
- ARCO was known for its community involvement and philanthropic efforts, particularly in the areas where it operated. (Source: ARCO's official website)
- In 2000, ARCO donated $1 million to the United Way of Alaska to support local charities and community programs. (Source: The Anchorage Daily News)
I hope this information is helpful!