RNS No 9571p
ATLANTIC RICHFIELD COMPANY
4th May 1998


ARCO DECLARES REGULAR QUARTERLY
DIVIDEND ON THREE CLASSES OF STOCK

LOS ANGELES -- ARCO's Board of Directors (NYSE:ARC) today declared regular
quarterly dividends on three classes of the company's stock.

A dividend of 71.25 cents a share was declared on Common Stock payable on June
15 to stockholders of record at the close of business on May 15.

A dividend of 75 cents a share was declared on #3.00 Cumulative Convertible
Preference Stock payable June 19 to stockholders of record at the close of
business on May 15.

A dividend of 70 cents a share was declared on #2.80 Cumulative Convertible
Preference Stock payable June 19 to stockholders of record at the close of
business on May 15.

For information, contact Albert Greenstein (213) 486-3384.  For a menu of ARCO's
news releases or to retrieve a specific release, visit our Website at
http://www.arco.com on the Internet.

END

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