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Oil's big deals
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March 29, 1999: 5:52 a.m. ET
A BP Amoco-Arco deal would be the fourth big oil combination
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LONDON (CNNfn) - BP Amoco and Atlantic Richfield confirmed Monday they are discussing a possible combination.
The deal, if it comes to fruition, will be the fourth major combination in the industry's consolidation over the last year.
Here's a chronology:
December 1 - Fossil-fuel titans Exxon Corp. (XON) and Mobil Corp. (MOB) confirm their plans to merge in an $80-billion stock swap, creating the world's largest corporate oil producer in Wall Street's biggest deal ever.
December 1 - In another move toward consolidation in the oil industry, French oil group Total (PFP) announces its plans to acquire Belgium's PetroFina in a deal that values PetroFina at $12.9 billion and will create the world's sixth-largest oil company.
August 11 - British Petroleum PLC (BPA) announces its intention to acquire Amoco Corp. in a deal valued at approximately $48 billion. 
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