Phillips-ARCO deal clears path for BP Amoco

The oil industry learned earlier this month that Phillips Petroleum Co. had agreed to buy all of ARCO's Alaskan operations for about $7 billion in a move that will nearly double Phillips's total reserves and finally clear the way for ARCO's long-pending merger with BP Amoco PLC (OGJ, Mar. 20, 2000, Newsletter).But financial analysts say the political policies that forced that sale fly in the face of new economic pressures from investors who are pushing both majors and independents to improve "capital efficiency" by concentrating on the operations they do best.As originally planned, the BP Amo- co-ARCO merger would have gone a long way toward concentrating Alas- kan operations ...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected