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BUSINESS
May 5, 1993 | From Times Staff and Wire Reports
Arco Settles Environmental Suit: Arco Alaska Inc. said it has settled a lawsuit filed by an environmental group by agreeing to pay $1 million and to develop more ecologically sensitive methods for oil-field waste disposal on Alaska's North Slope. The agreement between the Atlantic Richfield Corp. unit and the Natural Resources Defense Council was approved by federal Judge Russell Holland, Arco said.
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BUSINESS
August 22, 1996 | Times Staff and Wire Reports
Arco, Corpoven Sign Oil Agreement: Los Angeles-based Atlantic Richfield Corp. and the Venezuelan firm agreed to create a joint venture to produce and upgrade heavy oil, company representatives said. Investment in the venture, which would seek to produce 181,000 barrels a day of upgraded heavy oil, is expected to top $3.5 billion, executives said in discussing the letter of intent.
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BUSINESS
July 26, 1988
Exxon Corp., the nation's biggest oil company, said Monday its that net income rose 4% in the second quarter from a year ago, while Mobil Corp., the No. 2 company, reported a 60% surge in earnings. Atlantic Richfield Co., Occidental Petroleum Corp., Unocal Corp., all based in Los Angeles, and Ashland Oil Inc. also reported gains. Exxon said higher earnings in its refining and chemical operations offset lower results from crude oil exploration and production.
BUSINESS
July 26, 1988
Exxon Corp., the nation's biggest oil company, said Monday its that net income rose 4% in the second quarter from a year ago, while Mobil Corp., the No. 2 company, reported a 60% surge in earnings. Atlantic Richfield Co., Occidental Petroleum Corp., Unocal Corp., all based in Los Angeles, and Ashland Oil Inc. also reported gains. Exxon said higher earnings in its refining and chemical operations offset lower results from crude oil exploration and production.
BUSINESS
November 10, 1998
Los Angeles-based Atlantic Richfield Corp. Chairman and Chief Executive Michael Bowlin was elected chairman of the American Petroleum Institute, the powerful industry trade group. Bowlin will replace Laurance Fuller, Amoco Corp.'s chairman and CEO, as the head of Washington-based API on Jan. 1. Bowlin has been Arco's chief executive since 1994, and chairman since 1995. He was elected to the API board in 1993 and served as chairman of the budget advisory committee this year.
BUSINESS
July 2, 1992 | From Times Staff and Wire Reports
Changes Requested in AQMD Smog-Credit Trading Plan: Calling the South Coast Air Quality Management District's proposed smog-credit trading plan "simplistic," Atlantic Richfield Corp. suggested changes at an AQMD workshop that would make the program easier for businesses to comply with. George H.
NEWS
March 22, 1988 | Associated Press
Republican presidential candidate Pat Robertson canceled a Monday night appearance in Riverside, Calif., to go to Dallas ahead of schedule for unstated reasons, a campaign spokeswoman said. Robertson attended a late-morning private forum sponsored by Atlantic Richfield Corp. in Los Angeles and was to have attended the Full Gospel Businessman's Fellowship Dinner at the Rain Cross Square Convention Center in Riverside.
NEWS
September 19, 1985
An Arco service station and mini-market at 1002 Manhattan Beach Blvd. lost its bid to remain open 24 hours a day after the City Council this week upheld the Board of Zoning Adjustment's denial of a conditional-use permit. The zoning board's denial in July said lighting, traffic and noise from a 24-hour operation would have an adverse impact on nearby residences. Although an acoustical engineer retained by the Atlantic Richfield Corp.
BUSINESS
February 9, 1999
* Atlantic Richfield Corp.'s unit in Indonesia said it will slash its work force in half, to 900 workers, within six months because of low oil prices and sluggish economic growth. Arco Indonesia warned that though the current round of reductions would be voluntary, it might have to implement involuntary cuts. The unit of Los Angeles-based Arco is Indonesia's largest natural gas producer for the domestic market. * Royal Dutch/Shell Group said it's in talks with Nigeria to invest $1.
NEWS
July 21, 2000 | From Associated Press
An agreement on a new cleanup at an abandoned Sierra sulfur mine that has polluted nearby streams for years was announced Thursday by the federal Environmental Protection Agency. Keith Takata, head of the EPA's Superfund program for the Pacific Southwest, said his agency reached the Leviathan Mine agreement with California's Lahontan Regional Water Quality Control Board.
BUSINESS
August 9, 2000 | Associated Press
BP Amoco posted a 164% jump in second-quarter profit to $3.6 billion, or 17 cents a share, thanks to higher oil and gas prices, better refining margins and continued cost savings. Earnings from Atlantic Richfield Corp., which BP Amoco acquired in April, also contributed to the performance. London-based BP Amoco said it trimmed costs by $1 billion by merging with Arco, achieving half of its annual target for cost savings. It spent $2.4 billion on capital expenditures, up 35% from last year.
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