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Amoco (/ ˈ æ m ə k oʊ / AM-ə-koh) is a brand of fuel stations operating in the United States and owned by British conglomerate BP since 1998. The Amoco Corporation was an American chemical and oil company, founded by Standard Oil Company in 1889 around a refinery in Whiting, Indiana, and was officially the Standard Oil Company of Indiana until 1985.
BP merged with Amoco in 1998, becoming BP Amoco p.l.c., and acquired ARCO, Burmah Castrol and Aral AG shortly thereafter. The company's name was shortened to BP p.l.c. in 2001. As of 2018 [update] , BP had operations in nearly 80 countries, produced around 3.7 million barrels per day (590,000 m 3 /d) of oil equivalent , and had total proven ...
Three supermajor companies now own the rights to the Standard name in the United States: ExxonMobil, Chevron Corp., and BP. BP acquired its rights through acquiring Standard Oil of Ohio and merging with Amoco and has a small handful of stations in the Midwestern United States using the Standard name. Likewise, BP continues to sell marine fuel ...
Exxon stock is down 3.2% in response, followed by BP at a 3.5% decline, with Conoco bringing up the rear with a 3.7% loss. ... Call me an Anglophile if you like, but I like BP stock better than ...
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BP (BP) shares rose on Tuesday after the oil giant said it won't issue new stock, allaying fears of possible dilution, Reuters reports. BP shares have lost some 50% of their value following the ...
In 1998, British Petroleum acquired Amoco and rebranded as BP Amoco. At the time, the merger was the largest in the oil industry and the largest acquisition of an American corporation by a foreign one, and BP Amoco would become, at the time, the third largest oil company in the world, trailing only Exxon and Royal Dutch Shell. In 2001, however ...
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