He’ll Alaska still sends all their residents checks every year because of the oil revenues they collect taxes on. It may not be great last year or this but they still get them
Technically, the oil money goes into a giant ($54B) investment fund and the dividends from that, based on a five-year average, are what gets distributed to people that live in Alaska. So it’s much more dependent on the stock market than oil price. Last year was actually the highest dividend ever.