E&D GETS 61% OF ARCO 5 YEAR CAPITAL OUTLAYS

ARCO has outlined a 5 year capital spending plan that calls for increased worldwide oil and gas exploration and development. ARCO has earmarked $11.3 billion of its 5 year, $18.6 billion capital spending program for upstream activities. Of the total upstream outlays, 72% will go for U.S. operations and 28% for non-U.S. operations. On the downstream side, ARCO plans 5 year spending of $2.9 billion, or 16%, for refining/marketing and $2.4 billion, or 13% for ARCO Chemical Co. Included in the

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