Arctic Slope Regional Corporation (ASRC) is owned by and represents the interests of the Arctic Slope Iñupiat. Corporate headquarters are based in Barrow, Alaska, with administrative and subsidiary offices located in Anchorage as well as across the nation. Since opening enrollment in 1989 to Alaska Natives born after the 1971 passing of the Alaska Native Claims Settlement Act, the corporation’s shareholder base has tripled from the original 3,700 to more than 11,900 today.
Along with its family of companies, ASRC is the largest Alaskan-owned company, employing approximately 10,000 people worldwide. ASRC has five major business segments:
- Petroleum refining and marketing
- Energy support services
- Government services
- Resource development
ASRC’s mission is to actively manage our businesses, our lands and resources, our investments, and our relationships to enhance Inupiaq cultural and economic freedom – with continuity, responsibility, and integrity.
- ASRC is the largest locally owned and operated business in Alaska, with approximately 10,000 employees on its payroll, including more than 3,000 Alaskans.
- ASRC has distributed more than $483 million in dividends to shareholders since its incorporation in 1972.
- Seventy-five percent of ASRC’s senior executives are Iñupiat, including the company’s president and chief executive officer.
- ASRC has more than 11,900 shareholders, 70% of which were born after 1971.
- In 1990, ASRC became the first of only four Alaska Native corporations to enroll shareholders born after 1971. Today, nearly 70 percent of ASRC shareholders were born after 1971.