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The merger of BP and Atlantic Richfield, commonly known as ARCO, was completed on April 30, 2000. This acquisition allowed BP to significantly expand its presence in the United States and enhance its operations in the oil and gas industry. The merger was valued at approximately $26 billion, making it one of the largest in the energy sector at the time.
What else can I help you with?
What was the stock symbol for Atlantic Richfield?
Atlantic Richfield was acquired by British Petroleum and now trades under the symbol BP on the NYSE.
Who handles Atlantic Richfield company pension plans?
It's BP
What is bp's merger partner?
Amoco
How do I Get in touch with the company that handles Atlantic Richfield retirement?
To get in touch with the company that handles Atlantic Richfield retirement benefits, you should contact the HR or benefits department of the company, as they can provide the most accurate information. You can also visit the official website of BP (British Petroleum), the parent company of Atlantic Richfield, where you may find resources related to employee benefits and retirement services. Additionally, consider reaching out to any employee assistance programs or retirement plan administrators mentioned in your retirement documentation.
What is the ticker symbol for AMOCO?
AMOCO became part of BP (formerly known as British Petroleum) when they merged in 1998. Its ticker symbol was AN prior to the merger. BP continues to market products under the AMOCO brand. The ticker symbol of BP is BP.
What does Amoco oil have to do with BP?
Amoco is a brand owned by BP. BP bought Amoco Corporation in 1998. The merged company was known as "BP Amoco" until 2001, then changed its name to BP p.l.c. The letters BP do not stand for British Petroleum any more. The company is a global supermajor, headquartered in London, traded in New York and London, with operations on all continents. Most of its U.S. workforce are former employees or Amoco and Arco (Atlantic Richfield). Under CEO Sir John Browne, BP used the slogan 'Beyond Petroleum', implying an effort to become an "energy company" rather than strictly an oil and gas company. Other brands owned by BP include Castrol (engine oils), Aral (German network of gas stations), ARCO.
How did BP Oil get its start?
BP was a result of a merger in 1998, the world's largest between industrial companies. William Knox D'Arcy founded BP in the early 1900s. D'Arcy was convinced (and eventually proven right) that there were large oil deposits in Iran (then Persia).
What do the letters BP mean after a date?
The letters BP after a date stand for "Before Present." This term is typically used in archaeological or historical contexts to denote time periods before the year AD 1950.
What BP date corresponds to 2450 BCE?
2450BCE would have a BP (Before Present) date of 4400BP.BP is set at the 1st January 1950.
When did bp merge with amoco?
BP merged with Amoco in 1998. The merger was officially completed on December 11, 1998, creating one of the world's largest oil and gas companies. This strategic move was aimed at increasing BP's presence in the U.S. market and enhancing its global operations.
When is bp dividend paid?
According to BP web site, ex-divdend date is 2/9/11 and pay date is 3/28/11 for 42 cents per share of BP stock ADS ( U.S. ).
What does date bp mean?
BP is a way of expressing the age of an object, as compared to BC or AD. BP is based on the disintegration of carbon. A rough formula for finding BP age from an AD is today's year minus 1950 = a number to subtract from the AD date. For example, an object is dated at 1,000 AD. It is now 2008, therefore 2008 - 1950 = 58. The object date 1,000 AD - 58 = 942 BP. Basically BP is approximately the BC date plus 1950 and the AD date minus today's year minus 1950.
