Business
Energy: $5.6-billion purchase includes Atlantic Richfield’s entire 82.2% ownership stake.
June 19, 1998
Chemical giant mulls bankruptcy
Jan. 1, 2009
Houston Firm Named Most Profitable: A little known Houston specialty chemicals company, Lyondell Petrochemical Co., is America’s most profitable company, Forbes magazine said in its annual survey of the 50 most profitable companies.
Dec. 21, 1992
Occidental Petroleum Corp. said fourth-quarter profit was 12% higher than previously reported because of the increased value of its stake in Lyondell Chemical Co., according to a statement issued Tuesday.
Feb. 9, 2005
California
A jury has found three companies responsible for poisoning South Lake Tahoe’s drinking water supply with a possible carcinogen found in gasoline--and found that two of the firms knew the chemical’s dangers for years but failed to warn water officials.
April 17, 2002
Occidental Petroleum Corp. said it will add its petrochemical business to a joint venture between Lyondell Petrochemical Co. and Millennium Chemicals Inc.
March 21, 1998
Several of the nation’s leading oil companies reported better-than-expected quarterly earnings Monday, citing help from booming chemical operations and widespread cost cutting. * Atlantic Richfield Co. reported greatly improved fourth-quarter results, crediting higher crude oil prices, savings from its cost-reduction program, increased earnings at Arco Chemical Co. and Lyondell Petrochemical Co., and increased natural gas production in the United States and Indonesia.
Jan. 24, 1995
Buoyed largely by proceeds from the sale of a half interest in its petrochemical subsidiary, Atlantic Richfield reported Monday a 76% increase in first-quarter earnings.
May 2, 1989
Occidental to Sell Plastics Resin Manufacturer: Los Angeles-based Occidental Petroleum Corp. will sell its Texas high-density polyethylene plants to Houston-based Lyondell Petrochemical Corp. for $400 million.
April 18, 1995
Atlantic Richfield announced that it was boosting its quarterly dividend by 12.5% Monday after recording another sizable rise in profit for the fourth quarter.
Jan. 24, 1989