Up and down for BP in 2008Alaska revenues and taxes rise while profits and production fall Eric Lidji Petroleum News
BP Exploration (Alaska) Inc. earned $1.95 billion last year, down 21 percent from 2007 even as revenues increased 15 percent, the result of a progressive production tax paired against record high oil prices and declining production from aging North Slope oil fields.
In year-end financial documents f....
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Oil price critical factor Production declining
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