August 27, 2014 9:27 PM ET

Oil, Gas and Consumable Fuels

Company Overview of ConocoPhillips Alaska, Inc.

Company Overview

ConocoPhillips Alaska, Inc., an energy company, explores, produces, and transports oil and gas. The company owns and operates natural gas facilities in South-central Alaska and Kuparuk and Alpine fields on the North Slope, Alaska. Additionally, the company holds interest in the Prudhoe Bay field and the Trans-Alaska Pipeline System. The company transports oil and natural gas using pipelines, tankers, trucks, and rail. ConocoPhillips Alaska, Inc. was formerly known as Phillips Alaska, Inc. and changed its name to ConocoPhillips Alaska, Inc. in September, 2002. ConocoPhillips Alaska, Inc. was incorporated in 1980 and is based in Anchorage, Alaska. ConocoPhillips Alaska, Inc. operates as a subs...

700 G Street

P. O. Box 100360

Anchorage, AK 99510

United States

Founded in 1980

Phone:

907-276-1215

Fax:

907-263-4731

Key Executives for ConocoPhillips Alaska, Inc.

Chairman
Age: 68
Chief Information Officer and Senior Vice President of Services
Age: 67
Chief Counsel and Vice President
General Manager of Investor Relations
Age: 57
Compensation as of Fiscal Year 2014.

ConocoPhillips Alaska, Inc. Key Developments

ConocoPhillips Alaska Announces Earnings and Production Results for the Fourth Quarter and Earnings Results for the Full Year 2013

ConocoPhillips Alaska announced earnings and production results for the fourth quarter and earnings results for the full year 2013. For the quarter, the company reported earnings of $555 million, up about $60 million from the previous quarter due to higher oil production. The company ended the year with about $2.2 billion in adjusted earnings, down from $2.3 billion in 2012. For the quarter, the company attributed the increase of about 27,000 barrels of oil equivalent a day primarily to less downtime and seasonality. The increases were partially offset by normal field decline.

Alaska Department of Environmental Conservation Reaches an Agreement with Conocophillips Alaska, Inc

Alaska Department of Environmental Conservation has reached an agreement with Conocophillips Alaska, Inc. settling state environmental claims stemming from oil releases that occurred in the Kuparuk River oil field in March 2006 and December 2007. Both releases involved the corrosion of flow lines. These lines carry a mixture of crude oil, water, gas and solids that come out of production wells and to processing centers. In addition to reimbursing the State's investigation and spill oversight costs of $112,273, ConocoPhillips has agreed to pay the state $78,283 in civil assessments for the spill in March 2006 and $77,009 for the spill in December 2007.

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