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February 14, 2016 3:50 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Atlantic Richfield Company, Inc.

Company Overview

Atlantic Richfield Company, Inc. offers oil and gas extraction, exploration, and production services in the Midcontinent and offshore Gulf of Mexico in the United States, and internationally in the United Kingdom North Sea, Indonesia, China, and Algeria. It also offers exploration, production, refining, and marketing of petrochemicals. The company’s downstream refining and marketing operations include refineries on the west coast; branded retail gasoline outlets in western states and British Columbia; transportation operations that includes pipelines and terminals in California; and a marine fleet of ocean-going tankers and a polypropylene plant at the Los Angeles Refinery complex. Its petro...

333 South Hope Street

Los Angeles, CA 90071

United States

Founded in 1866

15,106 Employees

Phone:

213-486-3511

Fax:

213-486-2063

Key Executives for Atlantic Richfield Company, Inc.

Executive Vice President and Group Vice President of BP
Age: 66
Executive Vice President
Age: 59
Corporate Secretary
Executive Vice President
Corporate Medical Director
Age: 72
Compensation as of Fiscal Year 2015.

Atlantic Richfield Company, Inc. Key Developments

Department of Justice Lodges Proposes Consent Decree with United States District Court for the Central District of California, Western Division, in the Lawsuit against Multiple Companies

On December 29, 2015, the Department of Justice lodged a proposed Consent Decree with the United States District Court for the Central District of California, Western Division, in the lawsuit entitled United States and State of California Department of Toxic Substances Control v. AC Products, Inc., et al. Civil Action No. 2:15-cv-09931. The United States and the State of California filed this lawsuit under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) against the following defendants for recovery of response costs which each incurred to address environmental contamination at the Cooper Drum Company Superfund Site located in Los Angeles County, California (site): AC Products, Inc.; A. G. Layne, Inc.; Alpha Corporation of Tennessee Inc.; Ashland Inc.; Atlantic Richfield Company; Baker Petrolite LLC; Cargill, Incorporated; Castrol Industrial North America Inc.; Chemcentral Corp.; Chemical Waste Management, Inc.; Chevron U.S.A. Inc.; Coral Chemical Company; D.A. Stuart Company; Dunn-Edwards Corporation; Engineered Polymer Solutions, Inc.; ExxonMobil Oil Corporation. The complaint names the above-listed companies as defendants based on their business relationship with the Cooper Drum Company which operated a drum reconditioning business at the Site and which accepted drums from each defendant that contained residues of hazardous substances. The Complaint also seeks declaratory relief for all future costs to be incurred. The Consent Decree resolves these claims through the payment of $5,539,266 to the United States and $53,599 to the State of California in partial recovery of response costs. In addition, the defendants are obligated under the Consent Decree to reimburse the United States and the State of California for all future response costs and to perform the remedial action that EPA selected for the Site. In return, the United States and the State of California agree not to sue the defendants under sections 106 and 107 of CERCLA.

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