BP Amoco Co. in Venezuela and MERCOSUR
By Brian Fiorentino
American Intercontinental University
Professor Sunil Kulkarni
BUS230-0602A-15 International Business
On December 30, 1998, BP and Amoco confirmed that the US Federal Trade Commission (FTC) has granted regulatory approval for the merger of the two companies and that completion of the deal will take place at year-end. Both companies agreed to intend to close the transaction shortly after 2100 hours London time on December 31, 1998, when Amoco's stock will leave the Standard & Poor 500 and the shares of the merged group, BP Amoco p.l.c., will be listed on the London Stock Exchange. With a market capitalization of more than $140 billion, BP Amoco p.l.c. is the Britain's biggest company and one of the world's top three oil majors.
"We aim to play a leading role in meeting the world's needs for oil, gas, solar power and petrochemicals without damaging the environment."
BP AMOCO'S WORLD
The BP Amoco group stands out as a complete provider of energy and petrochemicals. Every day they serve millions of customers with products to the quality of their lives ? fuel for transport, energy for heat and light, solar power, and petrochemicals for plastics, fibers and fabrics. Explorers from Amoco and BP have led the way in finding the world's giant oil and gas fields and getting energy to the world's marketplace. According to Larry Fuller and Peter Sutherland, co-chairmen, the meeting the demand of energy calls for a blend of outstanding human and technical skills, sophisticated global organization and two-way relationships with local communities, customers, contractors, partners, government and employees. BP Amoco's aim is to be successful in everything they do by deliv ...