ARCO second quarter upCompany $100 million ahead in $500 million two-year cost reduction program announced last October Petroleum News Alaska Staff
ARCO said July 26 that it had second-quarter net income of $313 million, 95 cents per diluted share, compared to net income of $154 million in second quarter 1998, 47 cents per diluted share.
“The improved earnings picture in the second quarter reflects strengthening oil prices and another outstand....
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