In 1915, Atlantic opens its first filling station on Baum Boulevard in Pittsburgh, Pennsylvania.It became part of the Standard Oil trust in 1874, but achieved independence again when Standard Oil was broken up in 1911. The Atlantic Petroleum Storage Company's heritage dates back to 1866.After its subsequent fracture in the late 1980s and early 90s, ARCO became a subsidiary of UK-based BP plc in 2000 through its BP West Coast Products LLC (BPWCP) affiliate. In the 1970s and 80s, ARCO was one of the largest companies in the world, consistently a top 20 company of the Fortune 500. A merger in 1969, brought in Sinclair Oil Corporation. History ĪRCO was formed by the merger of East Coast–based Atlantic Refining and California-based Richfield Oil Corporation in 1966 the company's name is an acronym of the two companies' names. īP has retained the Atlantic Richfield Company as a subsidiary to handle environmental claims against BP for the clean-up of former Anaconda mine properties. In 2012, BP sold its Carson refinery, 800 ARCO stations in California, Arizona and Nevada, and the ownership of the ARCO brand to Tesoro for $2.5 billion while paying Tesoro for an exclusive license for use of the ARCO brand on its stations in northern California, Oregon and Washington which will be continued to be supplied from BP's Cherry Point Refinery in Washington state. ARCO's retail and marketing operations were kept separate while the rest of the company was integrated into BP. In 2000, BP Amoco (now BP) acquired ARCO for $26.8 billion. After its acquisition of Anaconda Copper Mining Company in 1977, ARCO had owned hard rock mines in several western states, which has created environmental clean-up liabilities to the company to this day even after the mines were closed in the early 1980s. ĪRCO was established in 1966 as the Atlantic Richfield Company, an independent oil and gas company formed from the merger of Atlantic Petroleum and the Richfield Oil Corporation.įrom 1966 to 2000, the Atlantic Richfield Company, doing business as ARCO, was an independent American oil company with operations in the United States, Indonesia, the North Sea, the South China Sea and Mexico. BP, which formerly owned the brand, uses it in Northern California, Oregon and Washington, while Marathon has rights for the rest of the United States and Mexico. ARCO ( / ˈ ɑːr k oʊ/ AR-koh) is a brand of gasoline stations owned by Marathon Petroleum.
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