October 22, 2014 3:04 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Atlantic Richfield Company

Company Overview

Atlantic Richfield Company offers oil and gas 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 provides refining and marketing services. 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 petroleum refineries include the Los Angeles Refinery in ...

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

President
Age: 62
Chief Financial Officer and Vice President
Age: 56
Executive Vice President and Group Vice President of BP
Age: 65
Executive Vice President
Age: 58
Corporate Secretary
Compensation as of Fiscal Year 2014.

Atlantic Richfield Company 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

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

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.

Alameda County Joins State Attorney General in Lawsuit Against BP West Coast Products LLC, BP Products North America, Inc. and ARCO over Environmental Violations

Alameda County District Attorney Nancy O'Malley joined state Attorney General Kamala Harris and six other California district attorneys in filing a civil lawsuit against BP West Coast Products, BP Products North America Inc., and Atlantic Richfield Company for allegedly violating state laws governing hazardous materials and hazardous waste. The suit claims that the companies failed to properly inspect and maintain underground tanks used to store gasoline for retail sale at more than 780 ARCO gas stations in California. The complaint filed in Alameda County Superior Court alleges that since October 2006 the BP companies and ARCO have improperly monitored, inspected and maintained underground storage tanks used to store gasoline for retail sale. The complaint alleges that the defendants tampered with or disabled leak detection devices, and failed to test secondary containment systems, conduct monthly inspections, train employees in proper protocol, and maintain operational alarm systems, among other violations.

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