Conoco profits fall in Alaska in 3Q
Lower production, volatile prices and higher taxes end a run of increasingly profitable quarters
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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