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Aker BP ASA

AKERBP.OL

Latest Trade

179.80NOK

Change

0.80(+0.45%)

Volume

708,724

Today's Range

173.70

 - 

181.45

52 Week Range

89.42

 - 

297.90

As of on the Oslo Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
179.00
Open
176.00
Volume
708,724
3M AVG Volume
35.59
Today's High
181.45
Today's Low
173.70
52 Week High
297.90
52 Week Low
89.42
Shares Out (MIL)
360.01
Market Cap (MIL)
65,072.92
Forward P/E
32.36
Dividend (Yield %)
10.40

Next Event

Q2 2020 Aker BP ASA Earnings Release

Latest Developments

More

Aker BP Q2 Net Production At 209.8 Thousand Barrels Of Oil Equivalents Per Day (MBOEPD)

Aker BP and Equinor Agreement On Way Forward For Krafla, Fulla And North Of Alvheim (Noaka)

Aker BP To Launch HOD Development In Valhall Area

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About Aker BP ASA

Aker BP ASA, formerly Det norske Oljeselskap ASA, is a Norway-based oil company engaged in the exploration, development and production of petroleum resources on the Norwegian continental shelf, including the North Sea, the Norwegian Sea and the Barents Sea. The Company has production assets in Alvheim, Hod, Vilje, Boyla, Volund, Valhall, Ula, Tambar, Atla, Enoch, Varg, Skarv, Jotun, Jette, among others. The Company works on various development projects, such as Ivar Aasen, Gina Krog and Johan Sverdrup. The Company operates domestically through number of branch offices in Trondheim, Stavanger, Harstad and Sandnessjoen. The Company operates primarily in the mature areas of the North Sea. The remaining resources are invested primarily in the Barents Sea and in the more immature areas in the North Sea.

Industry

Oil & Gas Operations

Contact Info

Fornebuporten

Building B, Oksenoyveien 10

1366

Norway

+47.51.353000

https://www.akerbp.com/

Executive Leadership

Oyvind Eriksen

Chairman of the Board

Karl Johnny Hersvik

Chief Executive Officer

Anne Marie Cannon

Independent Deputy Chairman of the Board

David Torvik Tonne

Chief Financial Officer

Kjetel Digre

Senior Vice President - Operations & Asset Development

Key Stats

1.92 mean rating - 25 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2017

2.6K

2018

3.8K

2019

3.3K

2020(E)

2.8K
EPS (USD)

2017

0.960

2018

1.380

2019

0.800

2020(E)

0.997
Price To Earnings (TTM)
--
Price To Sales (TTM)
2.03
Price To Book (MRQ)
3.79
Price To Cash Flow (TTM)
8.79
Total Debt To Equity (MRQ)
213.47
LT Debt To Equity (MRQ)
197.46
Return on Investment (TTM)
-2.05
Return on Equity (TTM)
-1.79

Latest News

Latest News

Aker BP sees second-quarter pretax profit, to reverse impairments

Aker BP <AKERBP.OL> swung to a pretax profit in the second quarter from a loss in the first three months of the year, the Norwegian oil company said in a preliminary update on Tuesday.

UPDATE 1-Norway's Hod oilfield revamp to cost $596 mln, Aker BP says

Aker BP will invest an estimated 5.7 billion crowns ($596 million) to redevelop the Hod oilfield in the North Sea, with output to resume in the first quarter of 2022, the Oslo-listed company said on Wednesday.

UPDATE 2-Norwegian oil firms finally agree offshore development plan

Equinor and Aker BP have struck a deal to bring one of Norway's largest remaining offshore oil and gas fields online after years of wrangling over the development strategy and costs.

Aker BP cuts dividend by two-thirds as oil slumps

Norway's Aker BP slashed its dividend by two-thirds on Wednesday, making it the latest oil firm to curtail payments to shareholders as crude prices fell sharply amid the coronavirus pandemic.

Aker BP cuts quarterly dividend by two-thirds as oil price drops

Aker BP will cut its quarterly dividend payments by two-thirds due to the COVID-19 pandemic and the fall in crude prices, the Norwegian oil firm said on Wednesday after reporting first-quarter profits that beat expectations.

Aker BP to report pre-tax loss due to oil price crash impairments

Norwegian independent oil company Aker BP said on Friday it expected to report a pre-tax loss due to impairments worth $500 million-$700 million related to the oil price crash.

Aker BP postpones oil developments amid market turmoil

Aker BP has suspended work on all oil and gas development projects yet to be approved by its board due to the coronavirus-related crash in crude prices, the Norwegian energy firm said on Wednesday.

UPDATE 1-Aker BP eyes layoffs amid oil price crash, coronavirus

Norway's independent oil firm Aker BP will lay off some employees and contractors after deciding to postpone some projects and exploration wells due to the oil price crash and coronavirus-related disruptions.

Aker BP eyes layoffs amid oil price crash, coronavirus

Norway's independent oil firm Aker BP will lay off some employees and contractors after it decided to postpone some projects and exploration wells due to the oil price crash and coronavirus-related disruptions.

UPDATE 1-Aker BP cuts 2020 spending by 20% due coronavirus

Norwegian independent oil firm Aker BP will postpone non-sanctioned projects to cut its planned 2020 capital and exploration spending by 20% due to the coronavirus but maintains its production guidance, it said on Monday.

Aker BP cuts 2020 spending by 20% due coronavirus

Norwegian independent oil firm Aker BP will postpone non-sanctioned projects and cut its planned 2020 capital and exploration spending by 20% due to the coronavirus but maintains its production guidance, it said on Monday.

BRIEF-Aker BP Cuts Exploration Spending By 20% In 2020, Further Reductions Planned

* ON CORONAVIRUS: IS UPDATING ITS INVESTMENT PROGRAM AND FINANCIAL FRAMEWORK IN ORDER TO SECURE ADDITIONAL FINANCIAL OPTIONALITY IN RESPONSE TO HIGH UNCERTAINTY CAUSED BY COVID-19 CRISIS

Aker BP draws down offshore staffing to prevent virus outbreak

Norwegian oil firm Aker BP , 30% owned by BP, said it had reduced staffing offshore to prevent a spread of coronavirus, but aims to maintain its output plans for 2020.

UPDATE 3-Aker BP expects oil output to surge as Sverdrup field gets into swing

* Shares up 1.5% after quarterly results beat forecast (Adds quotes from CEO on Arctic, detail, updates share price)

Aker BP nears deal with Equinor on North Sea oil, gas development

Oil firms Aker BP and Equinor are close to resolving their dispute over how to develop a cluster of oil and gas discoveries in the so-called NOAKA area of the North Sea, Aker BP said on Tuesday.

UPDATE 2-Aker BP cuts 2019 oil output guidance after North Sea field delay

* Sverdrup field comes on stream ahead of schedule (Adds output detail, dividend, share price)

UPDATE 2-Aker BP makes oil discovery off Norway

* Q2 net income $62 mln vs $128 mln a year ago (Adds comment on Sverdrup field, share)

REFILE-FOCUS-Norway's Aker BP switching gears from M&A to exploration

* Aker BP controlled by Norwegian billionaire Kjell Inge Roekke

Focus: Norway's Aker BP switching gears from M&A to exploration

Norwegian oil and gas company Aker BP is switching emphasis from M&A towards exploration, taking a potentially riskier path to increase its resources after years when it has relied on acquisitions to add the bulk of its new barrels.

UPDATE 2-Aker BP misses profit forecast, but raises dividend

* Plans to pay $750 mln in dividend in 2019 (Adds details, comment)

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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