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.

More

Fri, 08/18/2017 - 11:03

A look at the borough assembly and mayor races

Kenai Peninsula Borough voters will have a hefty ballot to go through at the Oct. 3 regular election. Read more

Thu, 08/17/2017 - 21:45

Somewhere over the Kenai

Thu, 08/17/2017 - 21:44

Feds reconsidering lease rates for hydropower operators

Federal administrators of land beneath six of Alaska’s hydroelectricity plants — including the Kenai Peninsula’s Bradley Lake plant — are considering claims by hydropower operators... Read more