Oil, Gas and Consumable Fuels
Company Overview of Atlantic Richfield Company, Inc.
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
Founded in 1866
Key Executives for Atlantic Richfield Company, Inc.
Executive Vice President and Group Vice President of BP
Corporate Medical Director
Compensation as of Fiscal Year 2014.
Atlantic Richfield Company, Inc. Key Developments
Judge Orders Atlantic Richfield Company and E.I. Du Pont De Nemours and Company to Pay $1.1 Billion to Remove Lead Affecting Children from Homes in 10 Calif. Cities and Counties
Dec 17 13
San Francisco Judge in Santa Clara County, California, has ordered Atlantic Richfield Company and E.I. Du Pont de Nemours and Company to pay $1.1 billion into a fund to be used to remove the lead potentially dangerous to children in hundreds of thousands of homes in ten cities and counties in California. Verdict came after 13 years of litigation and 5 weeks of trial. Judge said that lead in paint, for which there is no safe level of exposure for children, results in 'thousands of children presently and potentially victimized by this chemical'. The counties are San Francisco, Alameda, San Mateo, Santa Clara, Los Angeles, Monterey, Solano, Ventura, and the cities are Oakland and San Diego.
BP and Arco to Pay $19.5 Million Settlement to Nevadans in Decade-Old Yerington Mine Pollution Battle
Nov 7 13
Rural neighbours of an abandoned World War II-era copper mine that has leaked toxic chemicals in northern Nevada for decades have won up to a $19.5 million settlement from companies they accused of covering up the contamination. Atlantic Richfield Co. and its parent BP America Inc. acknowledged no wrongdoing under the agreement, which also calls for them to pay $2.6 million in attorney fees to the legal team that represented about 700 past and present neighbours of the old Anaconda mine built in 1941 on the edge of Yerington about 65 miles southeast of Reno. Residents said in a class-action suit filed in 2011 that the companies had "intentionally and negligently" concealed the extent of uranium, arsenic and other pollutants leaking into their drinking water wells from the mine covering 6 square miles - an area equal to 3,000 football fields. The companies agreed to pay $7 million in property damages and $900,000 to a medical monitoring fund. The final damages will depend on the cost of extending city water supplies to about 200 residents, estimated between $6.5 million and $12.5 million.
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