Aker BP ASA
AKRBP
ISIN NO0010345853 / Valor 2846723
Aker BP ASA
UMushroom community rating:
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: EnergyLatest Results (18.12.2024):
Efficient Operations
In the third quarter of 2024, Aker BP ASA reported an average oil and gas production of 415 thousand barrels of oil equivalent per day (mboepd). This performance reflects the company's high production efficiency, which has led to an increase in their full-year production guidance to 430-440 mboepd.
Strong Financial Performance
Aker BP ASA achieved a robust financial performance in Q3 2024, with an EBITDA of USD 2.6 billion. Despite a decrease in net profit to USD 173 million, the company recorded a record-high cash flow from operations amounting to USD 2.8 billion, showcasing its strong cash generation capabilities.
Cost and Emissions Management
The company maintained low production costs at USD 6.6 per barrel in the third quarter of 2024, with a revised full-year guidance of approximately USD 6.5 per barrel. Additionally, Aker BP ASA reported a greenhouse gas emission intensity of 2.4 kg CO2e per boe, positioning it among the lowest in the global oil and gas sector.
Project Developments
All field development projects at Aker BP ASA are progressing on schedule and within budget. Notably, the Tyrving field in the Alvheim area commenced production five months ahead of the original plan, highlighting the company's efficient project execution capabilities.
Returning Value to Shareholders
Aker BP ASA continues to return value to its shareholders, declaring a quarterly dividend of USD 0.60 per share for the third quarter of 2024. This commitment to shareholder returns is supported by the company's strong financial position and strategic investments in growth.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
11842 M
Market cap (USD)
2,175,415
Daily traded volume (Shares)
214.9 / 211.8
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
