ConocoPhillips Alaska reports 4Q earnings of $555M

ConocoPhillips Alaska reported fourth quarter earnings of $555 million, up about $60 million from the previous quarter due to higher oil production.

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by Associated Press

JUNEAU- ConocoPhillips Alaska reported fourth quarter earnings of $555 million, up about $60 million from the previous quarter due to higher oil production.

The company attributed the increase of about 27,000 barrels of oil equivalent a day primarily to less downtime and seasonality. It said the increases were partially offset by normal field decline.
The company ended the year with about $2.2 billion in adjusted earnings, down from $2.3 billion in 2012.
ConocoPhillips Alaska is one of the North Slope's major players.

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