AMOCO FINE TUNES EXPLORATION AND STRUCTURE

Amoco Corp. is sharpening its worldwide exploration focus and operating in the U.S. under a new organization structure designed to make the company more effective. Amoco's exploration strategy is to target spending to provide large resource additions at low costs. "We are channeling the bulk of our spending into basins we call emerging or established," H. Laurance Fuller, Amoco chairman and chief executive officer, told the Boston Society of Financial Analysts.

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