ARCO

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Atlantic Richfield Company (ARCO)
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)
Website ARCO.com
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 discovery[change | change source]

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]

Related pages[change | change source]

References[change | change source]

Other websites[change | change source]