Arco Needs A Fill Up

By major oil company standards, Arco was a latecomer. Formed by the 1966 merger of Atlantic Refining Co. and Richfield Oil Corp., it became the envy of the industry by aggressively developing the massive Alaskan fields discovered by Richfield nine years earlier. Eventually, its huge cache of cheap Alaskan crude made it the largest seller of gasoline in the car-crazed Western states.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.