According to the official BP website, the company BP merged with the company Amoco on 1998. According to the New York Times, the BP bought the site for 48.2 billion dollars.
on April 6, 1999, BP Amoco bought Solarex, making BP Amoco the world's largest solar power company.
AMOCO became part of BP (formerly known as British Petroleum) when they merged in 1998. Its ticker symbol was AN prior to the merger. BP continues to market products under the AMOCO brand. The ticker symbol of BP is BP.
Amoco
Amoco
BP Amoco Arco Aral Castrol am/pm
Partially British and partly American, I think the shares stand at 40% British, 39% American. The CEO is British but the chairman is a Swede, BP have ditched the name British Petroleum after the merge with American oil company AMOCO.
0.6617 Share
Amoco is a brand owned by BP. BP bought Amoco Corporation in 1998. The merged company was known as "BP Amoco" until 2001, then changed its name to BP p.l.c. The letters BP do not stand for British Petroleum any more. The company is a global supermajor, headquartered in London, traded in New York and London, with operations on all continents. Most of its U.S. workforce are former employees or Amoco and Arco (Atlantic Richfield). Under CEO Sir John Browne, BP used the slogan 'Beyond Petroleum', implying an effort to become an "energy company" rather than strictly an oil and gas company. Other brands owned by BP include Castrol (engine oils), Aral (German network of gas stations), ARCO.
Amoco was a real company that started as Standard Oil, then became the American Oil Company, then Amoco. It merged with BP in 1998.
arco and amoco
In August 1998 British Petroleum purchased Amoco for $57 billion, and British Petroleum renamed itself BP Amoco. On December 31, 1998, Browne's title became group CEO.