Atlantic Richfield Company - ARC- Profile

Atlantic Richfield Company is a global oil and gas enterprise. The company operates in two segments namely exploration and production segment and refining and marketing segment. The exploration and production segment includes worldwide exploration, development, production and transportation of petroleum and petroleum liquids. The refining and marketing segment includes refining and transportation of petroleum and petroleum products. The company conducts operations in the United Kingdom, Indonesia, Venezuela, China and Algeria. The company incurred $30,000,000 towards attaining year 2000 compliance. Refining and marketing accounted for 56% of 1999 revenues; exploration and production, 44% and transportation and storage, nominal.