Word: richfield
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Dates: during 1980-1989
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...ACSR also approved resolution by stockholders in the Atlantic Richfield company and the Exxon Corporation requesting an end to the companies' expansion in Chile. Harvard owns about $33 and $54 million in ARCO and Exxon stock, respectively...
...record low 66.3% of capacity. According to Daniel Lundberg, the Los Angeles-based consultant who tracks U.S. gasoline prices, the wholesale cost of gas has dropped by an average of nearly .8? per gal. in the past two weeks. As a sign of a softening market, Atlantic Richfield and Texaco are now offering selected dealers a 4?-per-gal. discount on wholesale prices...
...paying lower prices for crude or refusing to buy it. Standard Oil of California, which markets under the Chevron brand, Phillips Petroleum and Marathon Oil have all announced that they are cutting by $1 per bbl. the amount they will pay for certain grades of domestically produced crude. Atlantic Richfield has reduced purchases from Nigeria by 60,000 bbl. a day, and industry experts say that Ashland Oil has indefinitely suspended purchases of some 90,000 bbl. a day of crude from Mexico, along with another 17,000 bbl. daily from the African country of Cameroon. In the past...
...Crab Orchard Mountains of Cumberland County, Tenn., Ladd Petroleum has struck oil and gas at depths of up to 4,000 ft., and expects to keep searching for the next five years before the area's potential is firmly established. In Kentucky, Tennessee and Georgia, Atlantic Richfield and Gulf are planning to spend up to $26 million over the same period to drill on some 1.2 million leased acres...
...trendy, left-of-center Observer had been in danger of failing until it was bought in 1976 for the token price of ? 1-plus its outstanding debts-by Atlantic Richfield Co., the U.S.'s seventh largest oil company. Arco spent about $14 million to modernize production facilities, and under its ownership, circulation rose from 600,000 to nearly 1 million. Arco Chairman Robert O. Anderson had been eager to sell it, partly because he was finding it burdensome to oversee the paper's operations from his Los Angeles headquarters more than 5,000 miles distant. Said an Arco...