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BP expands American foothold through Sohio Sinclair deal
BP moves into the United States by acquiring 25 percent of Standard Oil Co of Ohio with option to rise to 54 percent after buying Sohio and Sinclair Oil. The Alaska North Slope play doubles BP’s U.S. assets, ending a 12 year search for market access and linking to the Rockefeller era legacy.
MENTIONED IN THIS ARTICLE
Northwest Passage
Alaska
Cathay
Sohio
Sinclair
John D. Rockefeller