Arcerion Oil and Gas Company: Difference between revisions
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Latest revision as of 19:06, 19 July 2024
 Corporate logo of the Arcerion Oil and Gas Company | |
| Formerly | Arco Oil |
|---|---|
| Company type | Privately owned |
| Industry | Petroleum |
| Founded | 1965 |
| Founder | Taylor Yarborough |
| Headquarters | , |
Number of locations | Crona, Arctic Circle |
Area served | Worldwide |
| Products | Petroleum, Liquid Natural Gas, Crude Oil, Refinement and Fuel Processing |
| Revenue | £198 billion Arcer Pounds (2026) |
| Total assets | Port Northford Petroleum Complex, various drilling rigs and gas wells |
Number of employees | Approx. ~150,000 |
The Arcerion Oil and Gas Company, commonly known as Arco Oil, is an Arcer public petroleum and natural gas company based in Chester-on-Moore, Arcerion. As of 2025, it is one of the largest companies in Crona, and the second-largest petroleum company in Arcerion. It also has access to the largest proven reserves of crude oil and liquid natural gas (LNG) reserves in North Crona, estimated at more then seventy billion barrels.
It is also the largest daily oil and gas production company in North Crona. It is a significant contributor to global carbon emissions although recent efforts by the company to offset their carbon emissions have begun to prove effective.
Arco Oil is considered not only one of the most profitable companies in Crona by revenue, but also one of the largest by market cap.
The Arcerion Oil and Gas company also is part owner of the Crona's largest hydrocarbon network, which is centered at the Port Northford Petroleum Complex. It also is one of the principal managers of the Albion Sea Gas Fields, the largest proven natural gas and oil field in North Crona.
The company began being publicly traded in 1990, commencing trading on the Kinnaird Stock Exchange. As of 2020, it is in the top five largest publicly-traded companies in Crona. It has announced a recent 2-year slump in earnings due to renewable energy initiatives and a focus on global climate change, but executives stated they had moved to cut expenses in order to protect the company's profits and bottom line.