Aker BP reports first quarter 2025 results

Rhea-AI Summary

Aker BP (AKRBF) reported strong Q1 2025 results with oil and gas production reaching 441 thousand barrels of oil equivalent per day. The company posted total income of USD 3.2 billion and net profit of USD 316 million, with cash flow from operations at USD 2.1 billion. Production costs were USD 6.5 per barrel, while maintaining low emissions of 2.8 kg CO2e per boe. The company maintains its full-year production guidance of 390-420 mboepd and continues to pay quarterly dividends of USD 0.63 per share, targeting USD 2.52 per share for 2025. Two new discoveries strengthened the resource base, with development projects progressing as planned to enable production growth from 2027.

Positive

• Strong operational performance with 97% production efficiency
• Robust cash flow from operations at USD 2.1 billion, up from USD 1.1 billion
• Two new resource discoveries strengthening future development pipeline
• Maintained dividend commitment at USD 2.52 per share annually
• Low production cost at USD 6.5 per barrel
• Low emissions intensity at 2.8 kg CO2e per boe

Negative

• Net profit decreased to USD 316 million from USD 562 million year-over-year
• Production costs increased from USD 5.7 to USD 6.5 per barrel
• Emissions intensity increased from 2.5 to 2.8 kg CO2e per boe

News Market Reaction

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+0.61% News Effect

On the day this news was published, AKRBF gained 0.61%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

LYSAKER, Norway, May 7, 2025 /PRNewswire/ -- Aker BP delivered another strong operational quarter, supported by high production efficiency, low costs, and low emissions. The project portfolio remains on track to enable production growth from 2027, while two new discoveries have further strengthened our future development pipeline. With solid cash flow and a robust balance sheet, the company is well positioned to navigate market volatility and continue delivering resilient dividends to shareholders. 

Highlights

• Strong operational performance: Oil and gas production reached 441 (449) thousand barrels of oil equivalent per day (mboepd) during the quarter. The full year guidance remains unchanged at 390-420 mboepd. 
• Low cost: Production cost amounted to USD 6.5 (5.7) per barrel.
• Low emissions: Greenhouse gas emission intensity was 2.8 (2.5) kg CO2e per boe (scope 1 & 2), ranking among the lowest in the global oil and gas sector.
• Projects on track: Field development projects progressing according to plan, with overall capex estimates unchanged. 
• Exploration success: Resource base strengthened with two new discoveries. 
• Strong financial results: Total income of USD 3.2 (3.1) billion, net profit of USD 316 (562) million and cash flow from operations of USD 2.1 (1.1) billion for the quarter. 
• Resilient dividends: Dividends of USD 0.63 per share paid in the quarter – on track to deliver USD 2.52 per share for the full year. 

Comment from Karl Johnny Hersvik, CEO of Aker BP

"Aker BP delivered strong operational performance this quarter, underscoring our commitment to safe, reliable, and low-emission operations. Efficient production and disciplined cost management remain key pillars of our success, and we once again achieved an outstanding production efficiency of 97 percent across our portfolio.

We are making excellent progress across our project portfolio and remain firmly on track to deliver substantial production growth from 2027. In parallel, we continue to build our long-term value creation potential, with two new discoveries this quarter further enhancing our portfolio of future development opportunities.

Our financial position remains very strong, supported by robust underlying cash flow and a resilient balance sheet. This gives us the flexibility to navigate market fluctuations, while continuing our disciplined approach to capital distribution. We remain fully committed to delivering value to our shareholders through stable and predictable dividends."

Webcast presentation

The presentation will be webcasted today at 08:30 CEST on www.akerbp.com, hosted by CEO Karl Johnny Hersvik and CFO David Tønne. The presentation will be followed by an online Q&A session.

Attachments

Aker BP 2025-Q1 Report.pdf
Aker BP 2025-Q1 Presentation.pdf

Investor contacts:
Kjetil Bakken, Head of IR, tel.: +47 918 89 889
Carl Christian Bachke, IR Officer, tel.: +47 909 80 848
Martin Seland Simensen, IR Officer, tel.: +47 416 92 087

Media contacts:
Tore Langballe, VP Communications, tel.: +47 907 77 841
Ole-Johan Faret, Press Spokesman, tel.: +47 402 24 217

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/aker-bp-asa/r/aker-bp-reports-first-quarter-2025-results,c4145854

The following files are available for download:

https://mb.cision.com/Public/1629/4145854/b962b4ba7c0d41c0.pdf	Aker BP 2025-Q1 Presentation
https://mb.cision.com/Public/1629/4145854/8d72f7cb4880b032.pdf	Aker BP 2025-Q1 Report

 

View original content:https://www.prnewswire.com/news-releases/aker-bp-reports-first-quarter-2025-results-302448111.html

SOURCE Aker BP ASA

FAQ

What were Aker BP's (AKRBF) Q1 2025 earnings?

Aker BP reported total income of USD 3.2 billion and net profit of USD 316 million in Q1 2025, with cash flow from operations of USD 2.1 billion.

What is Aker BP's dividend payment for 2025?

Aker BP pays quarterly dividends of USD 0.63 per share and is on track to deliver total dividends of USD 2.52 per share for the full year 2025.

What was Aker BP's oil and gas production in Q1 2025?

Aker BP's oil and gas production reached 441 thousand barrels of oil equivalent per day (mboepd) in Q1 2025, with full-year guidance maintained at 390-420 mboepd.

What is Aker BP's production cost per barrel in Q1 2025?

Aker BP's production cost was USD 6.5 per barrel in Q1 2025, up from USD 5.7 in the previous year.

When does Aker BP expect production growth?

Aker BP's project portfolio remains on track to enable production growth from 2027.