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Vol. 8, No. 5 Week of February 02, 2003
Providing coverage of Alaska and northern Canada's oil and gas industry


ConocoPhillips posts $410 million loss as company changes focus

Huge special charges revalue downstream assets that are up for sale

Allen Baker

PNA Contributing Writer

ConocoPhillips reported a loss of $410 million for the fourth quarter as the company took $1.2 billion in special charges as it prepares to sell downstream assets. Without the charges, the company made a profit of $747 million. It was the first full quarter of operations for the new company, and re....

    [additional news subjects in this story]

Upstream profitable

Alaska flows decline percent

Downstream improvement

Loss in chemicals


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