CPAI profits fall in 1st quarter
Company earns $244 million in Alaska, down 60 percent from 2008; taxes lower on prices
ConocoPhillips earned $244 million in Alaska in the first three months of the year, down nearly 60 percent from the $603 million the company earned in the first quarter last year.
The drop reflects lower oil prices, but those lower prices also meant lower taxes in Alaska, helping the company turn a....
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