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
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Petroleum News for as low as $69 per year.
Subscribers log in here to read the entire newspaper (1998 to 06/24/2013)
Print this story | Email it to an associate.
Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.petroleumnews.com ---
S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.