Spending & Investment

$4.4 Billion
Alaska’s oil and gas industry spent $4.4 billion with 1,000 local businesses in 2018

$55 Billion
The oil and gas industry has invested over $55 billion in North Slope and Cook Inlet infrastructure since the 1950s

Economic Impact of Oil and Gas Industry Spending in Alaska’s Economy

In addition to its direct impact, oil and gas spending filters through the state’s economy in the form of spending on goods and services (indirect impact), payroll to Alaskan employees in companies that do business with the primary oil and gas companies (induced impacts), taxes paid to local governments, and taxes and royalties paid to state government (indirect and induced impacts).

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