The ConocoPhillips building is obscured by fog in downtown Anchorage on Friday, April 17, 2020. The Houston-based producer on Thursday posted full-year 2021 earnings of nearly $8.1 billion companywide and approximately $1.4 billion in Alaska.
The company generated $48.3 billion in total revenue last year, more than double 2020 and about a third more than the $36 billion generated in 2019 when it netted almost $7.2 billion.ConocoPhillips reported an average realized oil price of $67.64 per barrel for the year and $76.76 for the fourth quarter.
The strong earnings are a result of the “talent and dedication of our global workforce,” CEO Ryan Lance said during an investor call.The current energy market environment is evidence of how rocky the global move away from fossil fuels could be, according to Lance.
Too bad we didn’t vote to raise their taxes back to where they were in the 90’s. Good job Alaska!
tax reform in Alaska is needed - campaign funds need to be closed once politicians are elected While I am happy the company is doing well - they don't employ Alaskan Residents as much as they bring in employees from outside the state.