ConocoPhillips records big profits, expects to start work at $8 billion Alaska oil project early next year

ConocoPhillips records big profits, expects to start work at $8 billion Alaska oil project early next year

11/7/22

ConocoPhillips reported making huge profits in the latest quarter amid growing criticism that oil companies are benefiting as gas prices soar, and as President Joe Biden threatens to pursue a windfall profits tax on the industry.

A top official with the oil giant also said on Thursday the company expects to start working early next year on the $8 billion Willow oil prospect in Alaska, an effort that could lead to more than 2,000 construction jobs in the coming years.

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