One of Alaska's leading oil producers, ConocoPhillips has recorded healthy earnings from its investments in Alaska.
In 2015, the oil giant earned $482 million from oil and gas production in Alaska and is now looking to keep capital spending in the state at a relatively high level. This year, the state will remain as a hot spot for ConocoPhillips as the company is forecasted to invest close to $1 billion on Alaskan projects.
The Houston-based company also reported $1.1 billion in adjusted earnings from Asia Pacific and Middle East oil fields in 2015.
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