Houston-based independent Burlington Resources Inc. last week said it would reallocate some of its overseas capital into North American operations this year, with 7% more in U.S. operations and 5% more in Canada. The company also created an Office of the Chairman, which will include its current CEO along with the COO and CFO.
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BP-Amoco-Arco Deal Closely Screened by States
Three West Coast states are coordinating their efforts with theFederal Trade Commission to resolve the antitrust problemsassociated with BP-Amoco’s acquisition of Atlantic Richfield. Inthe event the issues can’t be worked out, the states said they willbring a lawsuit to block the $26 billion marriage.
November 30, 1999