The Atlantic Richfield Company (ARCO) is a petroleum company that has been an influential force in the oil industry since its establishment in 1966. Today, ARCO provides a diverse range of energy-related products and services, including crude oil and natural gas exploration, production, refining, and distribution.
As a teacher, it is important to educate your students about influential companies like ARCO, as it not only helps them to understand the role that corporations play in society but also provides them with insight into the development of the oil industry.
To introduce students to ARCO, providing a brief history of the company’s founding and development can be a good starting point. From there, you can explore the company’s key strengths – including its oil exploration and production capabilities – as well as the different products and services that it provides.
It is also essential to highlight the challenges that ARCO has faced over the years, including price fluctuations, competition from other companies, and environmental and safety concerns. You can discuss how ARCO has overcome these challenges by adapting and evolving its business model to remain competitive within the industry.
Aside from providing a basic introduction to the company, it can also help to engage students by exploring ARCO’s impact on the local community. This includes the company’s contributions to regional economies, job creation and its role in providing vital resources like energy to the public.
Finally, exploring ARCO’s role in the larger socio-political landscape provides students with valuable insight into the complex relationship between big businesses, governments, and society. This could include an examination of political and environmental issues that arise from fossil fuel use, or an overview of the legal actions taken against the company in the past.
