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Arco Arena

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Arco Arena
Arco Arena
Arco Arena
Arco Arena
Arco Arena
Arco Arena
Arco Arena
Arco Arena
Arco Arena
Arco Arena
Arco Arena
Arco Arena
Arco Arena
Arco Arena
Arco Arena
Phone:
(916) 928-0000

Address:
1 Sports Pkwy, Sacramento, CA 95834-2300

Atlantic Richfield Company is an American oil company with operations in the United States, Indonesia, the North Sea, the South China Sea, and Mexico. It has more than 1,300 gas stations in the western part of the United States, and recently five gas stations at northwestern Mexico. ARCO was formed by the merger of East Coast–based Atlantic Refining and California-based Richfield Oil Corporation in 1966. A merger in 1969 brought in Sinclair Oil Corporation. It became a subsidiary of UK-based BP plc in 2000 through its BP West Coast Products LLC affiliate. On August 13, 2012, it was announced that Tesoro would purchase ARCO and its refinery for $2.5 billion. However, the deal came under fire due to increasing fuel prices. Many activists urged state and federal regulators to block the sale due to concerns that it would reduce competition and could lead to higher fuel prices at ARCO stations . On June 3, 2013, BP sold ARCO and the Carson Refinery to Tesoro for $2.5 billion. BP sold its Southern California terminals to Tesoro Logistics LP, including the Carson Storage Facility. BP will continue to own the ampm brand and sell it to Tesoro for Southern California, Arizona, and Nevada. BP exclusively licensed the ARCO rights from Tesoro for Northern California, Oregon, and Washington. ARCO is known for its low-priced gasoline compared to other national brands, mainly due to an early 1980s decision to emphasize cost cutting and alternative sources of income . ARCO is headquartered in La Palma, California.Tesoro was renamed Andeavor in 2017, and was acquired by Marathon Petroleum in 2018. Following the acquisition, Marathon hinted at keeping the ARCO brand name in Mexico as well as select US markets will rebranding the rest either as standard Marathon stations or Speedway locations ; it is not known what will happen to the stations still owned by BP.
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