Natalie Lowman says last year alone, ConocoPhillips earned nearly $2 billion in Alaska but paid an estimated $4 billion in state taxes and royalties.
ConocoPhillips executives testified in favor of a production tax cut during a Senate hearing this week.
The tax structure features a 25 percent base tax rate and progressive surcharge triggered when a company's production tax value hits $30 a barrel.
The industry has said this eats too deeply into profits at times of high oil prices and discourages new investment.
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