In 1998 British Petroleum acquired Amoco for $43.2 billion. Starting in 2000, BP replaced the Amoco brand at service stations. Service station owners can now choose Amoco branding when purchasing fuel from BP in selected US areas.
In 2001, the company rebranded as just "BP".
In 1978, the Amoco Cadiz oil tanker suffered steering failure and ran aground off the French coast, spilling about 730,000 gallons. The spill cost $75 million to clean and damaged tourism and ecosystems. The French government sued Amoco for $300 million, winning a $281 million judgment after appeal. Amoco paid $243 million to the government and $38 million to affected communities.
The Amoco Cadiz spill resulted in no injuries or fatalities as the crew was rescued. The captain was criminally convicted for his role.
Standard Oil of Indiana acquired Pan American in 1925, beginning John Rockefeller’s association with the Amoco name. In 1998, Amoco sold its headquarters building to The Blackstone Group for $430-440 million. Last year, BP brought back the Amoco brand to grow its US fuel and convenience business.