SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
dated February 4, 2000
BP AMOCO p.l.c.
(Translation of registrant's name into English)
BRITANNIC HOUSE, 1 FINSBURY CIRCUS, LONDON, EC2M 7BA, ENGLAND
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F
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Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes No x
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THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE
PROXY STATEMENT/PROSPECTUS INCLUDED IN THE REGISTRATION STATEMENT ON FORM F-4
(FILE NO. 333-10588) OF BP AMOCO p.l.c., THE PROSPECTUS INCLUDED IN THE
REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 333-9790) OF BP AMOCO p.l.c., THE
PROSPECTUS INCLUDED IN THE REGISTRATION STATEMENT ON FORM F-3 (FILE NO.
33-39075) OF BP AMERICA INC. AND BP AMOCO p.l.c., THE PROSPECTUS INCLUDED IN THE
REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 33-20338) OF BP AMERICA INC. AND BP
AMOCO p.l.c., THE PROSPECTUS INCLUDED IN THE REGISTRATION STATEMENT ON FORM F-3
(FILE NO. 33-29102) OF THE STANDARD OIL COMPANY AND BP AMOCO p.l.c., THE
PROSPECTUS INCLUDED IN THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO.
33-21868) OF BP AMOCO p.l.c., THE PROSPECTUS INCLUDED IN THE REGISTRATION
STATEMENT ON FORM S-8 (FILE NO. 333-9020) OF BP AMOCO p.l.c., THE PROSPECTUS
INCLUDED IN THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-9798) OF BP
AMOCO p.l.c., AND THE PROSPECTUS INCLUDED IN THE REGISTRATION STATEMENT ON FORM
S-8 (FILE NO. 333-79399) OF BP AMOCO p.l.c., AND TO BE A PART THEREOF FROM THE
DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY
DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.
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The following document (bearing the exhibit number listed below) is furnished
herewith and made part of this Report pursuant to the General Instructions for
Form 6-K.
Exhibit
1. Press Release dated February 2, 2000, entitled 'BP Amoco and Arco Prepare
for Litigation'.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
BP AMOCO p.l.c.
(Registrant)
Dated: February 4, 2000 By: /s/ P.J. CLAYTON
Deputy Company Secretary
BP AMOCO AND ARCO PREPARE FOR LITIGATION
Following the decision of the US Federal Trade Commission (FTC) to oppose the
proposed combination of BP Amoco and ARCO, the two companies today reaffirmed
their intention to pursue the issue in court.
The companies said in a joint statement: "We are surprised and disappointed that
the FTC has rejected all efforts for a positive resolution. We have consistently
been open to improvement of our original proposal. We have addressed the
concerns of the State of Alaska. We have been, and remain, willing to discuss
any reasonable options that might lead to a negotiated settlement.
"We regret that the only course now open to us is to resolve the issue through
litigation but we believe we have a compelling case in support of our
combination which we will argue vigorously in court."
The statement added: "Any suggestion that there is a special West Coast market
for Alaskan crude oil that functions independently of world crude prices is
without foundation. In fact, the proposed combination of our companies will
drive down Alaskan production costs, making Alaskan crude oil more competitive
in the world market.
"This fact was recognised in the charter agreement reached between the companies
and the State of Alaska last December. West Coast consumers will benefit because
BP Amoco has undertaken to continue ARCO's low-price, high-volume marketing
strategy. Since there is no refining or marketing overlap between the two
companies there should be no adverse competition issues concerning gasoline
prices.
"Unfortunately, litigation will add needless time and cost to the combination
process," the companies said. "The losers from this delay and uncertainty are
the people and communities who are relying on the combination for future
projects, jobs and commitments."
The proposed combination of BP Amoco and ARCO was announced on April 1, 1999 and
was subsequently approved by the European Union and shareholders of both
companies. An agreement was also reached with the State of Alaska committing the
combined company to reduce its ownership of Alaska North Slope crude oil
production as well as exploration acreage and interests in the Trans-Alaska
Pipeline system and marine tankers.
In addition, BP Amoco assured California Governor Gray Davis that it would
maintain ARCO's low-price gasoline marketing strategy, remove MTBE from gasoline
a year ahead of the state's December 2002 deadline and substantially increase
ARCO's contribution to $100 million over ten years to charitable and community
causes in the state.
