Arco Financial

Founded in 1870 as Atlantic Refining Company, Arco (Atlantic Richfield Co.), Arco is known as an integrated company which means that it conducts exploration, production, refining, and marketing crude oil, natural gas and natural gas liquids. It has had operations in Indonesia, the North Sea, Russia, Venezuela, China, Pakistan, China, Algeria, and Alaska. However, most of Arco's productive operations are in Alaska.

Presently, Arco advertises as a customer-friendly operation and has this simple philosophy for business: "High volume equals low cost." Basically, Arco states that its intention is to discover ways of saving money and, thus, pass this savings on to the customer. It is a recognized and leading gasoline brand name in the western United States, from the Rocky Mountains to the Pacific Ocean. In most of the markets there, it is the leading gasoline seller and sells more than any other brand. Arco denotes itself as the "preferred supplier" of oil and fuel products as it states its committal to improving its products, processes, and services. Therefore, Arco Financial growth rate is thriving, with over 24 million customers monthly, with an estimated that 800,000 people stopping at an Arco station every day to fill their vehicles with Arco fuels

In 2000 Arco had joined the Britain Petroleum America group and has become BP West Coast Products LLC., although it still has kept its original name--Arco. Arco has approximately 750 branded franchises which consist of gasoline and "ampm" convenience stores with almost 2,200 different products. Competitive in pricing and brand quality, it serves throughout twelve marketing areas across five states with an additional 500 sites in California, Arizona, Nevada, Washington, and Oregon, besides another 150 Arco and "ampm" minimarket stores.

In becoming part of the Britain Petroleum America group, Atlantic Richfield Company (Arco) had resulted in the loss of jobs for 2,000 employees. Also, the terms of the deal called for shareholders of ARCO to receive 0.82 American depository share of BP Amoco for each of their shares. The deal itself was valued at $26.8 billion, or $78.57/share. In February of 2008 Atlantic Richfield Co. agreed to pay $187 million in order to finance the cleanup of 120 miles of the Clark Fork River and other areas in Southwestern Montana. This was a settlement which had been announced by the Justice Department and Environmental Protection agency. Although this had been somewhat a setback, Arco Financial future remains positive since it has flourished as a vital part of the British Petroleum Company, which has benefitted both groups.

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