February 20, 1998 |
The Justice Department said Thursday that it is joining a suit accusing Amoco Oil Co., Burlington Resources Inc., Conoco Inc. and Shell Oil Co. of undervaluing oil taken from public and Native American lands to lessen the amount of royalties paid to the federal government and the tribes. The suit, filed by three private parties on behalf of the government under the False Claims Act, alleges that 14 oil-producing companies violated federal mineral contracts by knowingly engaging in this practice.
March 31, 1999 |
Can Los Angeles and, by extension, Southern California become the capital of the 21st century if all the major corporate headquarters leave town? That's a question many people are asking as Atlantic Richfield Co. is about to be acquired by London-based BP Amoco, seemingly reinforcing this region's image as a branch office economy. "We're becoming the suburban capital of the world," says Linda Griego, local entrepreneur and former leader of Rebuild L.A.
February 1, 1988
Negotiators for Amoco Oil Co. and the Oil, Chemical and Atomic Workers International Union reached tentative agreement in Denver on a new contract that the union hopes to use as a pattern for 60 other companies. The agreement averted a Sunday midnight deadline for a strike that could have spread to 44,000 OCAW workers. Most of the union's 300 contracts had been scheduled to expire. Ratification votes were set for today. Terms call for a 2-year contract to expire Jan.