Aker BP ASA

AKRBP

Equity

ISIN NO0010345853 / Valor 2846723

Oslo Stock Exchange (2026-09-11)

NOK 360.40-0.55%

Aker BP ASA
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About company

Aker BP ASA is a Norwegian company primarily focused on exploration, field development, and production of oil and gas on the Norwegian continental shelf. The company operates several field centers, including Alvheim, Ivar Aasen, Skarv, Edvard Grieg, Ula, and Valhall, and is a partner in the Johan Sverdrup field. Aker BP recently published its integrated annual report for 2023, which includes financial, sustainability, and remuneration reporting. The company also released its annual statement of reserves for the same year. Aker BP's equity production for the first quarter of 2024 was 448.0 thousand barrels of oil equivalents per day, with a net volume sold of 428.9. The company's annual general meeting is scheduled for April 30, 2024, and shareholders can participate virtually. Aker BP ASA's shares were traded ex-dividend USD 0.60 per share as of February 13, 2024, with a payment date around February 21, 2024.

Summarized from source with an LLMView SourceSector: Energy

Production and guidance

Net production averaged 383.6 mboepd in Q2 2026. Full‑year production guidance was narrowed to 380–400 mboepd by raising the lower end of the range.

Financial performance

Operating cash flow was USD 3.1 billion (the highest quarterly operating cash flow in Aker BP’s history) and net profit was USD 521 million, supported by higher realised oil prices.

Liquidity and dividend

Available liquidity stood at USD 6.0 billion and the company announced a quarterly dividend of USD 0.6615 per share.

Major project progress

Major developments remain on track for first production in 2027. At Yggdrasil, the Hugin B topside was installed offshore (early July) and power‑from‑shore was commissioned (June). At Valhall PWP–Fenris, offshore hook‑up of the Fenris topside has started and the Valhall PWP topside is scheduled for sailaway in August; investment estimates have been updated to reflect higher activity and targeted execution measures.

Other project milestones

Skarv Satellites is on track for accelerated start‑up in August, and two Johan Sverdrup Phase 3 subsea templates were installed ahead of planned 2027 production start.

Strategic moves

A strategic collaboration with Equinor was established, including transactions in Ringvei Vest, Yggdrasil and Wisting, aimed at improving portfolio alignment and long‑term value creation on the Norwegian continental shelf.