Alaska Escapes WorstAlaska largely spared in ARCO’s $500 million, two-year cost savings plan; Bowlin says can’t afford to cut costs in state Kay Cashman PNA Editor-in-Chief/Land & Leasing Reporter
Atlantic Richfield Co. will cut costs by $500 million over the next two years, ARCO said Oct. 16, a month after it announced it would be making worldwide budget reductions due to low oil prices. The price of oil is approximately 32 percent below its price a year ago.
The bad news is, the cost cuts w....
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