Oil prices boost 2Q profits for Conoco
Year-over-year net income jumps 31 percent despite declining production and rising taxes; natural gas prices fell during quarter
By Eric Lidji
ConocoPhillips earned $700 million in Alaska in the second quarter of the year, a nearly 31 percent increase over the second quarter of 2007, the company announced on July 23.
The numbers follow a familiar story for producers in Alaska: higher commodities prices lifting profits year-over-year, d....
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Slight dips in production
Gas prices on the decline
Exploration costs down
No pipeline or Chukchi news
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