Search results
Results from the WOW.Com Content Network
Amoco (/ ˈ æ m ə k oʊ / AM-ə-koh) is a brand of fuel stations operating in the United States and owned by British conglomerate BP since 1998. The Amoco Corporation was an American chemical and oil company, founded by Standard Oil Company in 1889 around a refinery in Whiting, Indiana, and was officially the Standard Oil Company of Indiana until 1985.
BP p.l.c. (formerly The British Petroleum Company p.l.c. and BP Amoco p.l.c.; stylised in all lowercase) is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas " supermajors " and one of the world's largest companies measured by revenues and profits. [ 3 ]
March 31: Arco agrees to be acquired by BP Amoco PLC for $26.6 billion in stock. If approved, the merger will create the largest oil producer in the United States and one of the largest energy companies in the world. The deal marks the fourth largest oil company merger since the onset of low oil prices in late 1997. (DJ), (WSJ)
January 1: British Petroleum Company and Amoco Corporation complete their $53 billion merger. Chicago-based Amoco is the United States' fifth-largest oil company with roughly 9,300 gasoline stations. London-based British Petroleum, the world's third largest oil company, sells its products through a network of about 17,900 stations. (DJ)
Retrieved from "https://en.wikipedia.org/w/index.php?title=Amoco_Oil_Company&oldid=372984058"
Burmah Oil became the largest oil company in the British Empire. The subsidiary was later renamed Anglo-Iranian Oil Company and eventually BP. [3] For about a century, the company played a major role in the oil industry, and in the discovery of oil in the Middle East through its significant influence over British Petroleum. [4]
The field was originally operated by Amoco (UK) Exploration Company. [2] [3] [4] Ownership of the Montrose field passed from Amoco to BP to Paladin Resources, until Talisman Energy took over in 2012 and most recently Repsol bought the assets in joint ownership with Sinopec. In late 2023 Sinopec sold their share and it is now owned solely by ...
The company developed serious problems as a result of the 1986 drop in world oil prices and substantial debts from past takeovers. In November 1987, after months of negotiation, an agreement in principle was reached that led to Amoco Canada Petroleum Co Ltd buying Dome for $5.5 billion. This purchase was completed on 1 September 1988.