BP/Amoco merger creates third 'supermajor'

08/17/1998
Anne Rhodes Associate Managing Editor-News Patrick Crow Energy Policies Editor How BP Amoco ranks among majors [98,463 bytes] BP Amoco operations vs. other majors [106,786 bytes] In a move characterized as the "largest ever industrial merger," British Petroleum Co. plc and Amoco Corp. have agreed to unite their businesses on a global and comprehensive basis. The combined firm, to be based in London, will be the U.K.'s biggest company. BP will hold a 60% equity interest, and Amoco 40%. Called BP Amoco plc, the firm will be "one of the most comprehensive and competitive energy and petrochemical enterprises in the world," according ...
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