ConocoPhillips Reports $1.5 Billion Net Income Through Third Quarter

ConocoPhillips’ is reporting $1.5 billion in net income through the third quarter from its exploration and production activities in Alaska.

ConocoPhillips reported $1.7 billion in net income related to Alaska activities for all of 2010.

Net income from Alaska totaled $501 million for the most recent July-September quarter.

ConocoPhillips said production for the quarter in Alaska was down from a year earlier. It cited unplanned downtime.

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