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Author	Topic: ARCO, several refineries up for sale, says BP	Post a Reply Back to Topics

PD Moderator	Message Posted: Feb 7, 2011 8:17:21 AM Ignore PD Report Abuse Last week in a call with analysts, BP CEO Bob Dudley said 2011 will be "a year of consolidation for BP", saying the new year will be a time for the company "to get back on its feet." As part of this consolidation, BP plans to sell ARCO and several refineries. Many motorists west of the Rockies have known ARCO for quality fuel and their cash only approach, which the discount chain is proud of. According to GasBuddy numbers, ARCO has over 1,300 branded stations in five states- California, Oregon, Nevada, Arizona, and Washington. While BP plans to sell ARCO branded stations and stores, they will retain rights in Northern California, Oregon, and Washington. According to news reports, BP will lease back the rights to stations... Visit GasBuddy Blog for full article

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Message Posted: Feb 7, 2011 8:17:21 AM

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Last week in a call with analysts, BP CEO Bob Dudley said 2011 will be "a year of consolidation for BP", saying the new year will be a time for the company "to get back on its feet." As part of this consolidation, BP plans to sell ARCO and several refineries.

Many motorists west of the Rockies have known ARCO for quality fuel and their cash only approach, which the discount chain is proud of. According to GasBuddy numbers, ARCO has over 1,300 branded stations in five states- California, Oregon, Nevada, Arizona, and Washington.

While BP plans to sell ARCO branded stations and stores, they will retain rights in Northern California, Oregon, and Washington. According to news reports, BP will lease back the rights to stations...

Visit GasBuddy Blog for full article

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lawsuitdelivery Rookie Author Detroit Posts:18 Points:300 Joined:Mar 2011	Message Posted: Mar 4, 2011 2:15:40 AM Ignore lawsuitdelivery Report Abuse unbeknownst to me I just read the U.S. Geological Survey which follows: 3.0 to 4.5 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana's Baaken Formation - 25 Times More Than 1995 Estimate Released 04/10/2008 2:25:36 PM Contact Information U.S. Department of the Interior, U.S. Geological Survey /newsroom/article.asp?ID=1911
E-Squirrel Champion Author Orange County Posts:3,015 Points:820,970 Joined:Feb 2005	Message Posted: Feb 19, 2011 10:14:00 PM Ignore E-Squirrel Report Abuse sugarbabyTN frets: 'Bp is trying to get rich quick on the American People' Actually, ARCO, BP's brand here in California sells gas for less than virtually all of the others. Their departure is likely to raise prices here, not lower them.
sugarbabyTN Rookie Author Tennessee Posts:2 Points:445 Joined:Feb 2011	Message Posted: Feb 10, 2011 7:17:54 PM Ignore sugarbabyTN Report Abuse these gas prices are killing the American People .Bp is trying to get rich quick on the American People.
albert2008 Champion Author Winnipeg Posts:7,357 Points:1,481,985 Joined:Sep 2008	Message Posted: Feb 9, 2011 9:10:36 AM Ignore albert2008 Report Abuse get rid of dead weight
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Feb 8, 2011 9:49:21 PM Ignore honda0105 Report Abuse boutmuet: if things continue the way they have, we may still see that happen.
boutmuet Champion Author Orange County Posts:3,598 Points:913,140 Joined:Apr 2009	Message Posted: Feb 8, 2011 4:41:29 AM Ignore boutmuet Report Abuse "Seize ALL BP assets and properties !!! " What is this Cuba or Venezuela?
Amplion Champion Author Oregon Posts:6,772 Points:1,866,035 Joined:Sep 2005	Message Posted: Feb 8, 2011 3:29:22 AM Ignore Amplion Report Abuse Kick BP out of the USA !!!
Amplion Champion Author Oregon Posts:6,772 Points:1,866,035 Joined:Sep 2005	Message Posted: Feb 8, 2011 3:27:09 AM Ignore Amplion Report Abuse Seize ALL BP assets and properties !!!
Eichhornchen Champion Author Detroit Posts:3,787 Points:750,470 Joined:Feb 2009	Message Posted: Feb 8, 2011 1:30:37 AM Ignore Eichhornchen Report Abuse The artificial oil shortage is leaving everybody broke.
comprof Champion Author Houston Posts:6,870 Points:1,358,700 Joined:Jul 2009	Message Posted: Feb 8, 2011 1:20:11 AM Ignore comprof Report Abuse I guess China will buy it. A friend of mine in the state department, just back for Egypt, informed me that China won all three bids of the three largest oil reservoirs in southern Iraq and are building three military bases associated with each. Just great.
Saturn93 Champion Author Salt Lake City Posts:7,292 Points:1,640,885 Joined:Oct 2006	Message Posted: Feb 8, 2011 1:06:54 AM Ignore Saturn93 Report Abuse Too many regulations to even expand existing, aging refineries. We need to build new refineries and update our old ones.
N5EXY Champion Author Austin Posts:5,502 Points:1,511,580 Joined:Jul 2004	Message Posted: Feb 8, 2011 1:04:44 AM Ignore N5EXY Report Abuse We need to build more refining capacity. Gore the greenies and drill also.
jim27106 All-Star Author North Carolina Posts:771 Points:783,755 Joined:Feb 2009	Message Posted: Feb 8, 2011 12:59:46 AM Ignore jim27106 Report Abuse Too bad they can't spin it off. We need more refinery companies and retailers to enhance competition.
PetroScopper Champion Author Houston Posts:6,632 Points:1,551,925 Joined:Aug 2008	Message Posted: Feb 8, 2011 12:58:19 AM Ignore PetroScopper Report Abuse BP is trying to unload some property. I guess they could probably use the cash.
AKmailman Champion Author Alaska Posts:5,638 Points:1,559,290 Joined:Jul 2004	Message Posted: Feb 8, 2011 12:52:01 AM Ignore AKmailman Report Abuse selling ARCO will help pay for their oil spill lawsuits
TBONE3 Champion Author Pennsylvania Posts:8,756 Points:1,978,600 Joined:Mar 2005	Message Posted: Feb 8, 2011 12:41:09 AM Ignore TBONE3 Report Abuse ARCO (Atlantic Richfield) has been out of PA for quite a few years. Used to use Atlantic exclusively "back in the day".
MidNJ Champion Author New Jersey Posts:7,559 Points:1,173,100 Joined:Sep 2009	Message Posted: Feb 8, 2011 12:39:34 AM Ignore MidNJ Report Abuse Nice to see that the latest GasBuddy article is at the top of the list again. Congratulations GB!!!!
Matt G Champion Author Boston Posts:4,543 Points:2,774,990 Joined:Jun 2004	Message Posted: Feb 8, 2011 12:38:08 AM Ignore Matt G Report Abuse Arco has good gas prices
REDFINGER Champion Author Montreal Posts:1,380 Points:282,750 Joined:Dec 2010	Message Posted: Feb 8, 2011 12:37:03 AM Ignore REDFINGER Report Abuse Going to the highest bidder...
BobD2009 Champion Author Long Island Posts:6,999 Points:1,241,735 Joined:Apr 2009	Message Posted: Feb 8, 2011 12:36:31 AM Ignore BobD2009 Report Abuse Obama mat have milked the golden goose to death.
applejoe Champion Author Twin Cities Posts:3,630 Points:766,420 Joined:May 2001	Message Posted: Feb 8, 2011 12:36:09 AM Ignore applejoe Report Abuse Never heard of ARCO in Minnesota.
2tone1 Champion Author Ontario Posts:4,338 Points:1,158,105 Joined:Dec 2009	Message Posted: Feb 8, 2011 12:35:16 AM Ignore 2tone1 Report Abuse With every gas station sale, BP is throwing in a plastic model of an oil drenched bird and a large sponge for easy clean ups.
Rageagainsttm Champion Author Tampa Posts:8,313 Points:1,904,930 Joined:Jul 2007	Message Posted: Feb 8, 2011 12:32:05 AM Ignore Rageagainsttm Report Abuse No Arco's in Florida that I know of.
BBHybrid Champion Author Pittsburgh Posts:6,474 Points:1,296,000 Joined:Aug 2008	Message Posted: Feb 8, 2011 12:27:48 AM Ignore BBHybrid Report Abuse many BP stations are becoming Easy Trip stations (too rid the stigma).
LoneGuy Champion Author Lansing Posts:8,485 Points:2,318,970 Joined:Aug 2005	Message Posted: Feb 8, 2011 12:22:13 AM Ignore LoneGuy Report Abuse We have no arco in Michigan that I know of. We have regular BP stations however.
jkpsr Champion Author New Jersey Posts:4,089 Points:1,103,855 Joined:Jun 2005	Message Posted: Feb 8, 2011 12:17:03 AM Ignore jkpsr Report Abuse BP needs to pay for their damage.
CardinalRed5 Veteran Author Illinois Posts:335 Points:67,300 Joined:Jan 2011	Message Posted: Feb 8, 2011 12:16:35 AM Ignore CardinalRed5 Report Abuse IT'S A FIRE SALE!
traindude Champion Author Virginia Beach Posts:5,624 Points:1,496,605 Joined:Jun 2007	Message Posted: Feb 8, 2011 12:15:50 AM Ignore traindude Report Abuse just another reason to jump the pump prices
granitestater Champion Author New Hampshire Posts:8,836 Points:1,432,700 Joined:Oct 2008	Message Posted: Feb 8, 2011 12:14:16 AM Ignore granitestater Report Abuse ARCO stands for Atlantic Richfield Corporation. Funny that it only remains in Pacific area states...
jcurley Champion Author California Posts:7,908 Points:1,776,220 Joined:Dec 2007	Message Posted: Feb 8, 2011 12:13:58 AM Ignore jcurley Report Abuse As others has already stated -- China will be interested.
cv Champion Author Raleigh Posts:15,211 Points:3,267,555 Joined:Oct 2003	Message Posted: Feb 8, 2011 12:10:49 AM Ignore cv Report Abuse We used to see an ARCO station around here, but no more.
GasholeMI Champion Author Lansing Posts:10,149 Points:1,719,790 Joined:Jul 2008	Message Posted: Feb 8, 2011 12:10:21 AM Ignore GasholeMI Report Abuse Maybe congress will buy them to shut them down.
Geo4564 Champion Author Nevada Posts:6,927 Points:1,570,495 Joined:Aug 2007	Message Posted: Feb 8, 2011 12:05:58 AM Ignore Geo4564 Report Abuse They'll make plenty screwing dealers on their leases.
rxman1 Champion Author Toledo Posts:9,552 Points:1,862,870 Joined:Nov 2007	Message Posted: Feb 8, 2011 12:04:58 AM Ignore rxman1 Report Abuse Maybe China will buy them.
Maintroll Champion Author Lexington Posts:8,639 Points:1,704,110 Joined:Aug 2008	Message Posted: Feb 8, 2011 12:04:42 AM Ignore Maintroll Report Abuse They will probably have to sell off a lot of stuff in order to pay their lawsuits and bills.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Feb 8, 2011 12:02:57 AM Ignore tedjm1 Report Abuse Foreign investors love the U.S. They will all take a share & rip it apart like some buyers do. SAVE OUR COUNTRY, SOMEONE.
bababooey2 Champion Author Hartford Posts:6,357 Points:1,303,815 Joined:Sep 2009	Message Posted: Feb 8, 2011 12:01:55 AM Ignore bababooey2 Report Abuse Not surprised at that, no Arco's here.
Nicoalbum Champion Author Ottawa Posts:6,027 Points:1,190,000 Joined:Jan 2010	Message Posted: Feb 8, 2011 12:00:12 AM Ignore Nicoalbum Report Abuse Could be worse.
Ray_10589 Champion Author New York Posts:4,956 Points:1,184,935 Joined:May 2009	Message Posted: Feb 7, 2011 11:57:33 PM Ignore Ray_10589 Report Abuse not good ...
humancry Champion Author Michigan Posts:4,618 Points:1,002,455 Joined:Nov 2006	Message Posted: Feb 7, 2011 11:52:57 PM Ignore humancry Report Abuse china will buy them
Chris46 Champion Author Dayton Posts:23,683 Points:2,083,290 Joined:Sep 2005	Message Posted: Feb 7, 2011 11:47:53 PM Ignore Chris46 Report Abuse No Arco here in Ohio, so it doesn't affect me.
skybiker Champion Author South Carolina Posts:7,303 Points:1,561,240 Joined:Jul 2008	Message Posted: Feb 7, 2011 11:47:37 PM Ignore skybiker Report Abuse More stuff for the Chinese to own....
FrankTA2 Champion Author New York Posts:4,298 Points:1,096,285 Joined:Jun 2007	Message Posted: Feb 7, 2011 11:47:13 PM Ignore FrankTA2 Report Abuse No Arco here in New York, so it doesn't affect me.
HiGramma Champion Author Michigan Posts:1,815 Points:445,690 Joined:Oct 2008	Message Posted: Feb 7, 2011 11:44:18 PM Ignore HiGramma Report Abuse no suprise there
judgemobile Champion Author Ohio Posts:7,575 Points:2,446,110 Joined:Nov 2005	Message Posted: Feb 7, 2011 11:41:56 PM Ignore judgemobile Report Abuse since I am TOO BIG TO FAIL, I have requested a check from the stimulus program so I may buy this business.
99flyer Champion Author Sacramento Posts:11,351 Points:2,571,960 Joined:Nov 2004	Message Posted: Feb 7, 2011 11:40:46 PM Ignore 99flyer Report Abuse I agree Jarod13, and being on the left coast ARCO has been a great benifit with its lower prices. My hats off to BP, they always find a way to mess thing up.
travelzonecente Champion Author Riverside Posts:3,842 Points:1,090,195 Joined:Jun 2008	Message Posted: Feb 7, 2011 11:39:09 PM Ignore travelzonecente Report Abuse By the way that was $ 5,400,000,000 dollars in profit just in one quarter...90 days for those who dont know what a quarter is
travelzonecente Champion Author Riverside Posts:3,842 Points:1,090,195 Joined:Jun 2008	Message Posted: Feb 7, 2011 11:36:01 PM Ignore travelzonecente Report Abuse In the last quarter they made 5.4 billion...I gues that is not enough money in one quarter.
Jarod13 Champion Author Virginia Posts:3,493 Points:1,411,720 Joined:Oct 2008	Message Posted: Feb 7, 2011 11:25:06 PM Ignore Jarod13 Report Abuse TheSnowStorm -- you might be onto something...and it ain't pretty. We consumers will once again be the one's paying the bulk of any price increases, all to the greedy oil companies, refineries and the oil traders. But this is nothing new for us is it, since we've then the patsies for years and years!
Hunter114 Champion Author Chicago Posts:9,106 Points:1,450,710 Joined:Apr 2009	Message Posted: Feb 7, 2011 11:21:35 PM Ignore Hunter114 Report Abuse Less Mompetition = Higher Gas Prices.