State Revenue

$3.1 Billion

Alaska’s oil and gas industry contributed $3.1 billion to state and local governments in FY19

Oil and gas revenues support a significant percentage of the State of Alaska’s budget:

38%

Of General Fund Revenue
(FY19)

90%

Of State Revenue from Business
(FY19)

80%

Of General Fund Revenue
(Avg Since 1977)

State Oil and Gas Revenue Tracks with Oil Price

$180 Billion

Since statehood, over $180 billion in state revenue has come from oil and gas production in Alaska

Alaska Permanent Fund

Established in 1976 with future generations in mind, the Alaska Permanent Fund is unique to the state. The fund was created with revenues from the oil and gas industry, starting with the first royalty deposit of $734,000 on February 28, 1977. Now worth approximately $65 billion, the Fund distributes an annual Permanent Fund Dividend (PFD) to every eligible Alaskan.

Since the dividend program started in 1982, a family of four has received $181,637. Continued industry contribution to the State’s fund, in combination with a successful investment strategy, make the dividend possible.

Learn More About the Alaska Permanent Fund

$370 M

Contributed to the Fund
(FY19)

25%

Of All O&G Royalties
(Deposited Annually)

$19 B

Total Contributed
(Since 1977)

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DOR Revenue Sources Book – Fall 2020