Aspects of BP Amoco's Acquisition of ARCO

Background

On April 1, 1999, the Wall Street Journal reported that BP Amoco and ARCO agreed to merge in a $26.8 billion transaction. The following tables show EIA, National Petroleum News, and company data for the BP Amoco-ARCO merger. These tables are similar to data presentations that have been previously requested from EIA for other significant energy company mergers and/or corporate alliances.

U.S. Petroleum Refining

U.S. Motor Gasoline Marketing

ARCO's subsequent agreement to sell its ARCO Long Beach operations is not accounted for in the following chart. For further information about that transaction, see Occidental Petroleum’s Purchases of Altura Energy and ARCO Long Beach

U.S. Oil and Gas Production

Financial Analysis Team, Office of Energy Markets and End Use, Energy Information Administration, May 27, 1999

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