ConocoPhillips still struggling globally, but profitable in Alaska

ConocoPhillips’ Alpine facility on the North Slope. (Photo by Elizabeth Harball/Alaska’s Energy Desk)ConocoPhillips on Thursday announced it netted $115 million in Alaska last quarter — almost double what it earned in the third quarter. But the Houston-based company is still grappling with a multi-billion dollar global loss.
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The increase in Alaska was largely due to rising oil prices and increased production, according to company spokeswoman Natalie Lowman.
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