We can all agree that Hilcorp saves about $100 million per year in taxes because Hilcorp is an S corporation and not taxed like BP was as a C corporation. Jeff Hildebrand’s net worth has risen from $2 billion to $14 billion since Hilcorp purchased BP’s Alaska stake. I believe very few agree this is fair, and this has nothing to do with SB 21.
— Frank Rast
Anchorage
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