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ConocoPhillips Alaska

ConocoPhillips Alaska (ConocoPhillips, COP) is the oil company that operates the state's largest North Slope oil fields. It runs the Kuparuk and Alpine fields and is developing the Willow project in the National Petroleum Reserve-Alaska. The company is headquartered in Anchorage.

Cover image for article: ConocoPhillips' Alaska earnings more than triple to $423 million on higher oil prices

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ConocoPhillips' Alaska earnings more than triple to $423 million on higher oil prices

by Cale Green · draft by Walter AlaskaNews(1w ago)
2 min readNorth Slope, Alaska

ConocoPhillips reported Thursday that it earned $423 million in Alaska in the third quarter, more than three times the $130 million it earned there a year earlier, mostly because oil prices were higher.

The company got an average of $96.52 a barrel for its Alaska crude from July through September, up from $72.72 a year earlier, according to its quarterly filing with the U.S. Securities and Exchange Commission. The filing says higher prices added $302 million to earnings and higher production added $25 million.

ConocoPhillips reports Alaska as its own business segment, so its filings show what it earns in the state. Those earnings were $1.8 billion in 2023, $1.3 billion in 2024 and $730 million in 2025, according to its annual filings and its 2025 year-end review. Through September this year, they totaled $1.24 billion.

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Cover image for article: ConocoPhillips seeks five more years of North Slope off-road travel; comments due Friday

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September 2026

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Cover image for article: Alpine pipeline seeks nearly double metering capacity for Willow-era output

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Cover image for article: ConocoPhillips asks Alaska regulators to set Willow drilling and injection rules

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July 2026

On the North Slope, the oil field grows a few thousand cubic yards at a time

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ConocoPhillips is finding new oil in the Kuparuk field, in rock decades of drilling missed

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June 2026

ConocoPhillips seeks North Slope road upgrades for Willow haul

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May 2026

Federal appeals court clears Alaska to release NPR-A drilling data

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About ConocoPhillips Alaska

ConocoPhillips Alaska

alaska.conocophillips.com ↗700 G St, Anchorage, AK 99501, USA

ConocoPhillips Alaska (ConocoPhillips, COP) is the oil company that operates the state's largest North Slope oil fields, headquartered in Anchorage. It runs the Kuparuk and Alpine fields and is developing the Willow project in the National Petroleum Reserve in Alaska.

Its work on the North Slope runs through permits: gravel for pads and roads, ice roads and off-road travel on state land, easements for infrastructure such as Meltwater, and drilling and injection rules set by state regulators for Willow. It also explores for more oil, both in the petroleum reserve and in reservoirs within Kuparuk that older drilling missed.

Its operations tie it to the Bureau of Land Management, to state agencies and to the pipelines that carry North Slope oil and gas, and it pays royalties on its federal leases. Communities near its fields, Nuiqsut among them, weigh in on how development proceeds.

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