RNS No 1081v
ATLANTIC RICHFIELD COMPANY
18th June 1998


              ARCO Confirms Negotiations For Sale of Its Entire
                       Interest in Chemical Unit

LOS ANGELES, June 18 /PRNewswire/-- ARCO (NYSE: ARC) said today in response to
a story appearing in the Wall Street Journal that it is in negotiations for the
sale of its 80 million shares of ARCO Chemical Company (NYSE: RCM) stock to
Lyondell Petrochemical Company (NYSE: LYO).  Lyondell has proposed making a
tender offer to all shareholders of ARCO Chemical.  The ARCO Chemical Board is
meeting today to consider the transaction.

NOTE TO EDITORS: For a menu of ARCO'S news releases or to retrieve a specific
release, visit our site at http://www.arco.com/ on the Web./

CONTACT: (media) Tom Goff 213-486-2456, or (investors) 
Dennis Schiffel 213-486-1511, both of ARCO/
 /Web site: http://www.arco.com/
 (ARC RCM LYO)

END

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