Return to the main index

 [PART 32] (Note: ATLANTIC RICHFIELD CO., also known as ARCO, is the 7th
largest Petroleum/Chemical company in America, and part of the so- called
"7-Sisters" Oil cartels -- in this case owned and run by the Rockefellers.
On a hunch that there may be a connection between Atlantic Richfield [ARCO]
and Standard Oil [EXXON], being that both of the companies are involved in
the Oil Business, both have apparent connections to fascist
political-economic agendas, and both have large facilities in New Jersey --
I began to "surf" the Internet in hopes of finding other possible
connections. The following "history" was taken from the ARCO website, and
may be very enlightening in tying certain loose ends together... - Wol.)
may be very enlightening in tying certain loose ends together... - Wol.)
may be very enlightening in tying certain loose ends together... - Wol.)
may be very enlightening in tying certain loose ends together... - Wol.)

 ARCO: A Time to Remember              [Image]

 1866 Atlantic Petroleum Storage
 Company is founded.                   [Image] [Image]harles Lockhart and
                                       his partners founded the Atlantic
 1874 Atlantic is sold to John D.      Petroleum Storage Company in
 ROCKEFELLER'S Standard Oil Trust.     Philadelphia in 1865. At the time,
 (Later to become EXXON. - Wol.)       Atlantic's business was simply to
                                       store and ship crude and refined
 1911 Standard Oil Trust is            oils. In 1870 the company built a
 dissolved under Sherman Antitrust     refinery that could process a
 Act, and Atlantic is independent      record 3,000 barrels a day. Only
 again.                                four years later it was sold to
                                       John D. Rockefeller's vast Standard
 1914-1918 Atlantic "fighting grade"   Oil Trust, where it remained until
 gasoline powers Allied aviators in    1911 when the Trust was dissolved
 World War I.                          by a federal court, leaving
                                       Atlantic on its own with no crude
 1915 Atlantic opens first service     oil, pipelines or tankers. This
 station on Baum Boulevard in          prompted Atlantic's concerned
 Pittsburgh.                           president John Wesley Van Dyke to
                                       tell his people: "Go find the
 1917 First Richfield station at       company some crude," which they
 Slauson and Central Avenues in Los    did, making significant discoveries
 Angeles sports new Eagle trademark.   in the American Southwest. During
                                       the next few decades, Atlantic
 1921 Sinclair opens first modern      acquired a fleet of oil tankers,
 service station in Chicago,           built a network of pipelines, and
 "Greasing Palace No. 1".              established a system of service
                                       stations throughout the eastern
 1922 Atlantic opens Dallas office     part of the nation.
 in that city's first sky- scraper
 the Magnolia Building.                In 1963 Atlantic purchased the
                                       Hondo Oil & Gas Company .... a
 1929 Richfield builds new landmark    small oil producer in the Western
 12-story office tower at 6th and      states .... from Robert O.
 Flower Streets in Los Angeles.        Anderson, who took a seat on
                                       Atlantic's Board of Directors. Two
 1931 Hit by the depression,           years later, Anderson was elected
 Richfield slides into receivership.   chairman. A visionary business-
                                       man, Anderson, along with President
 Sinclair merges with Rio Grande Oil   Thornton F. Bradshaw, guided the
 and Prairie Pipeline and Prairie      company through two significant
 Oil and Gas Companies, and now has    mergers.
 largest U.S. pipeline network.
                                       The first was with         [Image]
 1932 Last horse is retired from       Richfield Oil
 Atlantic delivery fleet.              Corporation. Founded in 1905,
                                       Richfield grew quickly into one of
 1942-1945 Atlantic produces 20        the West Coast's leading gasoline
 percent of Allies' World War II       marketers, with its own refineries
 aviation fuel. Richfield emerges as   and production properties. Gas wars
 a leading producer of high- octane    and financial setbacks pushed
 fuels.                                Richfield into receivership in the
                                       early 1930s. The firm was
 1942 February 23, Richfield's         reorganized in 1936 and once again
 Elwood Field near Santa Barbara is    captured an important share of the
 shelled by Japanese submarine,        gasoline market. In its merger with
 making Richfield first victim of      Atlantic Refining Company on
 attack by foreign power on U.S.       January 3, 1966, Richfield brought
 soil since War of 1812.               along its Alaskan leases and
                                       Prudhoe Bay exploration program,
 1945 Atlantic discovers Block 31      providing the new Atlantic
 Field in Crane County, Texas, using   Richfield Company with a promising
 highly accurate, company-developed    blend of exploration and producing
 seismic technology.                   properties.

 1948 Richfield discovers Cuyama and   In 1968, Atlantic Richfield (along
 Russell Ranch Fields, completing 60   with its partner, EXXON) discovered
 wells in 180 days.                    Alaska's Prudhoe Bay field, the
                                       biggest oil strike ever in the
 1952 Atlantic begins offshore Gulf    Western Hemisphere. Now company
 Coast production.                     management realized that the
                                       organiza- tion needed expanded
 1963 Atlantic acquires Hondo Oil      marketing capabilities and
 and Gas Company, with its newly       strategically located refineries in
 discovered Empire Abo field in New    order to smoothly handle the huge
 Mexico.                               volume of crude expected from
                                       Alaska. Soon, plans were in the
 1966 Atlantic merges with Richfield   works for a new 100,000-barrel-a-
 to form Atlantic Richfield. The       day refinery at Cherry Point,
 company boasts a new symbol -- the    Washington.
 ARCO Spark.
                                        [Image] Merger talks heated up
 1968 March 13, Prudhoe Bay No. 1               again in the late '60s,
 discovers 10-billion-barrel field     this time with the SINCLAIR Oil
 on Alaska's North Slope.              Corporation, founded by Harry F.
                                       Sinclair in 1916. ARCO was
 Corporate headquarters moves from     attracted by Sin- clair's chemical
 Philadelphia to New York.             and refining operations as well as
                                       its network of crude and product
 1969 Atlantic Richfield acquires      pipelines. The merger was completed
 Sinclair, adding 300,000 barrels a    in 1969. Although federal
 day to the company's crude oil        intervention eventually required
 production.                           the company to sell off certain
                                       Sinclair assets, ARCO had acquired
 1972 Atlantic Richfield moves         its largest refinery (Lyondell in
 corporate headquarters into new       Houston), taken its first step into
 building on site of earlier           petrochemicals, and added valuable
 Richfield building in Los Angeles.    acreage on the North Slope.

 1973 ARCO's Cherry Point refinery     In 1968, ARCO and its partner EXXON
 on Puget Sound in Blaine,             struck oil at Prudhoe Bay on the
 Washington, goes onstream -- one of   North Slope of Alaska, the biggest
 the last major refineries in the      oil strike ever in the Western
 United States to be built from the    Hemisphere. At the time,
 ground up.                            recoverable reserves were estimated
                                       at 9.6 billion barrels, a figure
 1977 Atlantic Richfield merges with   that has since increased to almost
 Anaconda to become broad-based        13 billion barrels. To prepare for
 "earth resources" company.            the huge volume of oil that would
                                       move through the proposed Trans
 Trans Alaska Pipeline goes on         Alaska Pipeline, ARCO began
 stream. First tanker load of North    expansion of refining and marketing
 Slope crude arrives at Cherry         capability on the West Coast,
 Point.                                including construction of a new
                                       refinery at Ferndale, Washington,
 1979 The am/pm mini market            and the retrofitting of the Los
 franchise is introduced.              Angeles Refinery in the city of
                                       Carson. In 1972, acknowledging its
 1982 ARCO ends credit card sales.     new Western focus, the company
                                       moved its headquarters from New
 1983 ARCO International makes first   York City to Los Angeles.
 commercial offshore discovery of
 gas in China near Hainan Island.      The company grew through   [Image]
                                       a number of major
 1984 ARCO becomes leading gasoline    acquisitions. In 1977,
 marketer in the West.                 ARCO acquired the Anaconda Company,
                                       a large copper and aluminum
 1985 ARCO restructures, reducing      operator with interests in metals
 workforce and divesting most of       manufacturing. ARCO Coal Company's
 Anaconda operations.                  domestic assets were acquired
                                       beginning in the mid-1960's and
 1987 ARCO Chemical stock is issued    there have been several important
 in a successful initial public        additions since then. ARCO now has
 offering in October.                  coal holdings in Wyoming, Colorado
                                       and Australia. In 1995, worldwide
 1988 Tricentrol acquired; expands     coal shipments totaled a record
 ARCO's North Sea prospects.           57.6 million tons. The Black
                                       Thunder mine in Wyoming's Powder
 1989 ARCO introduces EC-1 Regular,    River Basin is the largest surface
 the nation's first environ-           mine in the Western Hemisphere,
 mentally engineered fuel. The         while the new Gordonstone longwall
 initial public offering of Lyondell   mine became Australia's most
 Petro- chemical Company was           productive coal mine in 1994.
 completed in January.
                                       The Arab oil embargo of 1973-74
 1990 ARCO's net earnings top $2       marked another turning point for
 BILLION for the first time. ARCO      the company because it led Congress
 introduced another emission-control   to approve construction of the
 gasoline, EC-Premium, in Southern     800-mile Trans Alaska Pipeline
 California.                           System (TAPS), the largest
                                       privately financed construction
 1991 ARCO's emission-control          project ever undertaken. ARCO is a
 gasolines are credited with having    21.3 percent owner of TAPS, which
 removed over 100 million pounds of    in 1995 carried an average of 1.52
 pollutants from entering the          million barrels of crude oil and
 Southern California air. Quarterly    liquids per day...almost a quarter
 dividends are increased to $1.375     of all U.S. the
 per share ($5.50 per share annual     port of Valdez for loading aboard
 rate). A restructure of the           tankers and delivery to the Lower
 company's Lower 48 oil and gas        48 states. ARCO owns 21.7 percent
 operations begins, including          of the Prudhoe Bay field and
 property sales.                       operates the field's eastern half.
                                       The company also owns 55 percent of
 1992 Sales agreement completed for    the Kuparuk River field, America's
 the South China Sea gas to be piped   second largest oil field 30 miles
 to Hong Kong for electric power       west of Prudhoe Bay, and has a 30.1
 generation. Natural gas field         percent working interest in the
 developments also underway in         Point McIntyre field which began
 Indonesia.                            production in 1993. Point McIntyre
                                       has approximately 340 million
 ARCO's West Elk underground coal      barrels of gross reserves.
 mine in Colorado starts up a new
 long-wall mining system, one of the   Over the years, ARCO has made giant
 largest longwall units in the U.S.    strides in a number of areas.
                                       Domestically, ARCO's gasoline
 1993 Natural gas from ARCO's          marketing operation is the envy of
 facilities in the Java Sea began      the industry. During the 1980s,
 moving to power plants serving        ARCO Products Company, ARCO's
 Jakarta in September. Production      refining and marketing division,
 began from ARCO's Gordonstone coal    inaugurated a high-volume,
 mine in Australia.                    low-price marketing strategy that
                                       increased the company's gasoline
 Lower 48 oil and gas business is      market share in California from
 restructured and divided into four    about 10 percent to 20 percent in
 discrete business units -- ARCO       1992, an unprecedented gain in the
 Permian, ARCO Western Energy, ARCO    retail gasoline market.
 Long Beach, Inc., and Vastar
 Resources, Inc. With the               [Image] ARCO is now the number
 reorganization, ARCO eliminated                ONE gasoline retailer in
 1,300 jobs and the downtown Dallas    its five-state marketing area
 headquarters for Lower 48             (California, Nevada, Oregon,
 operations.                           Washington and Arizona). The
                                       centerpiece of ARCO's strategy was
 In Alaska, the Point McIntyre field   the 1982 decision to eliminate the
 started up as did West Beach and      ARCO credit card and pass along the
 North Prudhoe Bay State. All three    savings to customers. ARCO's am/pm
 fields use the Lisburne Production    mini market franchise, begun in
 Center and together they are called   1980, has also proved highly
 the Point McIntyre Area fields. The   successful with its combination of
 first phase of a major gas handling   quality food and convenience store
 expansion (GHX-2) is completed at     items. Am/pm's can now be found in
 Prudhoe Bay.                          nine countries around the  [Image]
                                       globe. In 1986, the
 1994 Pagerungan natural gas field     company introduced the
 begins sales to customers on East     PayPoint Network, allowing
 Java, including the power plant       customers to buy gasoline and food
 that serves Surabaya, Indonesia's     store items with ATM debit cards.
 second largest city.
                                       In 1989 ARCO took a bold step into
 Vastar Resources, Inc. completed a    the future, becoming the first oil
 public offering of 17 million         company to market a clean-burning
 shares of its common stock. The       reformulated gasoline, EC-1
 second phase of GHX-2 was completed   Regular, aimed at reducing
 at Prudhoe Bay.                       pollution from older cars and
                                       trucks in the Southern California
 ARCO's Los Angeles refinery           area. The following year ARCO
 completed modifications to meet        [Image] enhanced its clean-fuel
 federal Clean Air Act requirements             leader- ship by
 for gasoline and stationary                    introducing a
 emissions. ARCO's Southern            reformulated premium gasoline. An
 California stations introduce         even cleaner- burning gasoline will
 mid-grade unleaded gasolines, along   be marketed in California in 1996.
 with meeting the federal standards.
                                       When oil prices plummeted in 1986,
 ARCO cost reduction program           the company was prepared for the
 announced with $400 million in        worst, thanks to far-sighted
 annual savings (compared to 1993)     decisions made a year earlier. With
 by 1996. Workforce reductions         much of its metals and minerals
 extended to Alaska, coal, refining    holdings from the Anaconda
 and marketing, corporate and          acquisition already divested, ARCO
 transportation units.                 underwent a massive restructur- ing
                                       in 1985 that included a $4 billion
 1995 Yacheng 13-1 natural gas field   stock buy-back program, a $700
 development completed. Testing of     million reduction in operating
 480-mile subsea pipeline from the     costs, and the sale of more than
 South China Sea to Hong Kong          $3.2 billion in assets, including
 started in October. The               ARCO's entire petroleum refining
 ARCO-discovered and developed field   and marketing operation east of the
 is China's largest offshore energy    Rockies and hundreds of domestic
 development and the pipeline to       oil and gas producing properties
 Hong Kong is the second longest in    that were not contributing
 the world.                            adequately to profits.

 1996 Official startup of the          Leading the company through this
 Yacheng 13-1 gas field takes place    transformation was Lodwrick M. Cook
 in January with celebratory events    who succeeded William F.
 in Beijing, Hainan Island and Hong    Kieschnick, who had assumed the
 Kong.                                 presidency in 1981 following the
                                       retirement of Thornton F. Bradshaw.
 ARCO signs Production Sharing         In January 1986 Cook became
 Contract with Sonatrach, the          chairman and CEO upon the
 Algerian state oil company, to        retirement of Robert O. Anderson.
 undertake a major Enhanced Oil        In June 1993, Mike R. Bowlin became
 Recovery project in Algeria's         president and COO, then CEO on July
 second largest oil field, Rhourde     1, 1994, and chairman on July 1,
 El Baguel.                            1995, following Cook's retirement.

                                       Today, ARCO stands poised for major
                                       expansion overseas through an
                                       aggressive exploration program
                                       underway in several countries. ARCO
                                       is a major gas producer in China,
                                       the United Kingdom North Sea and a
                                       major oil and gas producer in
                                       Indonesia. In 1992, the company
                                       signed an agreement with the
                                       People's Republic of China to
                                       develop a South China Sea natural
                                       gas field with an estimated 3
                                       trillion gross cubic feet of gas
                                       reserves discovered by ARCO nine
                                       years earlier. ARCO is operator and
                                       34.3 percent partner in the China
                                       project. A 480-mile pipeline to
                                       Hong Kong was completed in late
                                       1995, and start-up of the field
                                       took place in January 1996.

                                       In another milestone development
                                       (February 1996), ARCO signed a
                                       production sharing contract with
                                       Sonatrach, the Algerian state oil
                                       company, to undertake a major
                                       Enhanced Oil Recovery project at
                                       Rhourde El Baguel, Algeria's second
                                       largest oil field. In addition to a
                                       $225 million bonus payment to
                                       Sonatrach, ARCO will invest over
                                       $1.3 billion in the project. EOR
                                       efforts should yield over 500
                                       million total barrels of crude oil
                                       equivalent. ARCO will receive up to
                                       49% of the project's annual

                                       ARCO has clearly identified itself
                                       as a hydrocarbon-based company,
                                       focusing on crude oil, natural gas,
                                       chemicals and coal. ARCO's
                                       corporate philosophy is one that
                                       demands quality performance with an
                                       emphasis on a strong bottom line.

                                       ARCO's resources operations include
                                       ARCO Alaska, Inc., ARCO
                                       International Oil and Gas Company,
                                       Vastar Resources, Inc. (in which
                                       ARCO has an 82.3 percent interest),
                                       ARCO Permian, ARCO Western Energy,
                                       ARCO Long Beach, Inc., ARCO Coal
                                       Company, and ARCO Exploration and
                                       Production Technology.

                                       Downstream operations include ARCO
                                       Products Company and ARCO
                                       Transporta- tion Company. ARCO also
                                       has a 49.9 percent ownership
                                       interest in Lyondell Petrochemical
                                       Company, an 82.9 percent ownership
                                       interest in ARCO Chemical Company,
                                       a world leader in the manufacture
                                       of propylene oxide and MTBE, an
                                       octane- enhancing oxygenate widely
                                       used in cleaner burning gasolines,
                                       a 9.9 percent ownership interest in
                                       Zhenhai Refining and Chemical
                                       Company in the People's Republic of
                                       China, and a 6 percent interest in
                                       LUKoil, Russia's largest petroleum

                                       ARCO is the seventh largest oil
                                       company in the United States
                                       (Fortune 500) with total revenues
                                       in 1995 of $18.2 billion and assets
                                       of $24 billion. In 1995, the
                                       company reported earnings of $1.376
                                       billion and earnings per share of

                                       For a printed copy please call

                         [Image]  [Image] [Image]

    Copyrightę 1995 - ARCO, the Atlantic Richfield Company -- All Rights
  ARCO 515 South Flower Street, Los Angeles, CA 90071-2256 (213) 486-3511

Return to the main index