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Vol. 13, No. 30 Week of July 27, 2008
Providing coverage of Alaska and northern Canada's oil and gas industry


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

Petroleum News

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....

    [additional news subjects in this story]

Slight dips in production

Gas prices on the decline

Exploration costs down

No pipeline or Chukchi news


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