JUNEAU – Friday, Senator Wielechowski (D-Anchorage) released the findings of a research report he requested reviewing profit data recently released by ConocoPhillips. The legislature’s non-partisan research division determined that, “On a barrel of oil equivalent (BOE), Alaska is the most profitable region for the company by a wide margin” in the first quarter of 2018. ConocoPhillips netted $26.18 per barrel of oil produced in Alaska, more than twice the next most profitable region, Asia Pacific/Middle East, at $13.01. Alaska earned ConocoPhillips $445 million of its $1.14 billion profits during that quarter. Alaska was also the most profitable area in the world for ConocoPhillips in 2017.