M&A Deal Summary

BP Acquires Amoco

On August 11, 1998, BP acquired oil/gas exploration company Amoco for 48.2B USD

Acquisition Highlights
  • This is BP’s 1st transaction in the Oil/Gas Exploration sector.
  • This is BP’s largest (disclosed) transaction.
  • This is BP’s 1st transaction in the United States.
  • This is BP’s 1st transaction in Illinois.

M&A Deal Summary
Date 1998-08-11
Target Amoco
Sector Oil/Gas Exploration
Buyer(s) BP
Deal Type Merger
Deal Value 48.2B USD

Target

Amoco

Chicago, Illinois, United States
Amoco signage near Forest Park in St. Louis, Missouri.
Amoco signage near Forest Park in St. Louis, Missouri.
Amoco Corporation was a global chemical and oil/gas exploration company that was originally established in 1889.

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Buyer(S) 1

Buyer

BP

London, United Kingdom
Category Company
Founded 1908
Sector Oil/Gas Exploration
Employees87,800
Revenue 210.1B USD (2023)
DESCRIPTION
BP fuel station in Duluth, Minnesota.
BP fuel station in Duluth, Minnesota.

BP is an integrated oil and gas company with operations in Europe, the US, Canada, Russia, South America, Australasia, Asia and parts of Africa. BP provides customers with fuel for transportation, energy for heat and light, lubricants, and petrochemicals products used to make items as diverse as paints, clothes and packaging. BP was founded in 1908 and is based in London, England.

DEAL STATS #
Overall 1 of 9
Sector (Oil/Gas Exploration) 1 of 2
Type (Merger) 1 of 2
State (Illinois) 1 of 1
Country (United States) 1 of 6
Year (1998) 1 of 1
Size (of disclosed) 1 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-01 Atlantic Richfield Company

La Palma, California, United States

Atlantic Richfield Company (ARCO) is an American oil/gas company serving the Western United States.

Buy $27.0B
Mergr

Product

Company

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