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Amoco E&P Divestment Nearly Complete

Amoco’s $1.9 Billion North American exploration and productiondivestment to focus on top producing areas is nearly complete.”These divestments allow us to focus our resources on the mostpromising producing areas in our exploration and productionportfolio, which has given us a higher quality asset position inNorth America,” said L. Richard Flury, executive vice president forexploration and production. “We believe this rationalized assetposition is a step toward reaching our corporate goal of 15% returnon capital employed by 2001.”

April 15, 1998
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