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BP Amoco PLC Oct 00
Standard & Poors, Oct 2000
Abstract
The ratings on BP Amoco PLC reflect the company's extremely strong and geographically diverse business portfolio, solid financial profile, and relatively conservative financial policy. BP Amoco's key competitive strengths include: A massive reserve base--14.9 billion barrels of oil equivalent (boe) after the Atlantic Richfield Co. (Arco) acquisition--especially in North America and the North Sea, with promising developments in the Gulf of Mexico. The reserve life is healthy, at about 12 years; replacement rates are strong; and finding and production costs are competitive. Robust medium-term production growth, based on promising prospects in South America, West Africa, and the Caspian Sea. Profitable, very large, and sophisticated refining and marketing (R&M) assets in Europe and the U.S. BP Amoco has made three acquisitions...
Companies mentioned in this report are: ARCO Pipeline Co.,Atlantic Richfield Co.,BP PLC,BP Corporation North America Inc.,Burmah Castrol PLC,Vastar Resources Inc.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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