Aker BP: First quarter 2025 trading update
Rhea-AI Summary
Aker BP (AKRBF) has released its Q1 2025 trading update, reporting an average equity production of 441.4 thousand barrels of oil equivalent per day (mboepd). Due to overlift, net volume sold during the quarter reached 457.6 mboepd, comprising 394.0 mboepd of liquids and 63.5 mboepd of natural gas.
The company's realized prices for Q1 2025 were:
- Liquids: $75.0 per barrel of oil equivalent (boe)
- Natural gas: $85.2 per boe
Compared to Q4 2024, production slightly decreased from 449.2 mboepd, while realized prices showed improvement from $74.1 for liquids and $79.0 for natural gas. The full Q1 2025 report will be released on May 7, 2025, at 06:00 CEST, followed by a management presentation and Q&A session at 08:30 CEST.
Positive
- Net volume sold increased to 457.6 mboepd in Q1 2025 from 439.2 mboepd in Q4 2024
- Realized natural gas prices improved to $85.2/boe from $79.0/boe in Q4 2024
- Liquids prices showed slight improvement to $75.0/boe from $74.1/boe in Q4 2024
Negative
- Equity production decreased to 441.4 mboepd from 449.2 mboepd in Q4 2024
- Natural gas production declined to 63.5 mboepd from 65.7 mboepd in Q4 2024
News Market Reaction 1 Alert
On the day this news was published, AKRBF declined 6.97%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
LYSAKER,
Production and sales
The company's equity production for the quarter averaged 441.4 thousand barrels of oil equivalent per day (mboepd). Due to overlift, the net volume sold during the quarter was 457.6 mboepd.
Volume (mboepd) | Q1-25 | Q4-24 | FY 2024 |
Net production | 441.4 | 449.2 | 439.0 |
Overlift/(underlift) | 16.1 | (10.1) | (9.0) |
Net volume sold | 457.6 | 439.2 | 430.0 |
Of which liquids | 394.0 | 373.5 | 370.2 |
Of which natural gas | 63.5 | 65.7 | 59.8 |
. | |||
Realised prices (USD/boe) | Q1-25 | Q4-24 | FY 2024 |
Liquids | 75.0 | 74.1 | 80.1 |
Natural gas | 85.2 | 79.0 | 62.9 |
Reporting date
The company will release its report for the first quarter of 2025 on 7 May 2025, at 06:00 CEST. On the same day at 08:30 CEST, the management will present the results via a webcast, available on www.akerbp.com/en. The presentation will be followed by an online Q&A session.
Contacts
Carl Christian Bachke, IR Officer, tel.: +47 909 80 848
Martin Seland Simensen, IR Officer, tel.: +47 416 92 087
Kjetil Bakken, Head of IR, tel.: +47 918 89 889
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/aker-bp-asa/r/aker-bp--first-quarter-2025-trading-update,c4130085
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View original content:https://www.prnewswire.com/news-releases/aker-bp-first-quarter-2025-trading-update-302421782.html
SOURCE Aker BP ASA
FAQ
What was Aker BP's (AKRBF) production volume in Q1 2025?
How do AKRBF's Q1 2025 realized prices compare to Q4 2024?
What is the breakdown of Aker BP's Q1 2025 sales volume?
When will AKRBF release its complete Q1 2025 financial results?
