ARCO
| File:ARCO.svg | |||
| Type | Private (subsidiary of Tesoro Corporation) | ||
|---|---|---|---|
| Industry | Oil & Gas Extraction | ||
| When it was created | 1966 | ||
| Headquarters | La Palma, California, United States | ||
| Number of locations | 1,200 | ||
| Area served | United States | ||
| Parent | British Petroleum (2000-2013) Tesoro Corporation (2013-present)</td></tr> | ||
| Website | ARCO.com</td></tr></table>
File:Arcostation, LA.jpg An ARCO filling station in Los Angeles, California 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] 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 discoveryIn 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] Related pagesReferences
Other websites
|
||
