ConocoPhillips Alaska reports $627M 2Q earnings

JUNEAU, Alaska (AP) — ConocoPhillips Alaska, one of the North Slope’s major players, reported adjusted second-quarter earnings of $627 million.

That compares to adjusted earnings of $585 million during the second quarter of 2013, a figure that does not include a one-time, $97 million settlement.

The company reported earnings of $598 million for the first quarter of 2014.

In a release, the company attributed higher prices and, to a lesser degree, the startup of liquefied natural gas exports from its Kenai plant for the higher earnings, relative to the first quarter of the year.

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Photo: Nothing gold can stay