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Vol. 13, No. 43 Week of October 26, 2008
Providing coverage of Alaska and northern Canada's oil and gas industry


Conoco profits fall in Alaska in 3Q

Lower production, volatile prices and higher taxes end a run of increasingly profitable quarters

Eric Lidji

Petroleum News

Planned maintenance and an increased tax burden significantly decreased profits for ConocoPhillips Alaska in the third quarter of the year, according to data released Oct. 22. The largest producer in the state earned $556 million over the three months ending Sept. 30, down 27 percent from the $765 m....

    [additional news subjects in this story]

Summer production drops

Tax impact year-over-year

Exploration spending down


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