Aker BP reports second quarter 2025 results

Rhea-AI Summary

Aker BP (AKRBF) reported strong Q2 2025 operational performance with production averaging 415 mboepd, down from 441 mboepd in Q1 due to planned maintenance. The company raised its full-year production guidance to 400-420 mboepd.

Key financial metrics include total income of $2.6 billion (down from $3.2B in Q1) and operating cash flow of $1.2 billion (down from $2.1B). Production costs increased to $7.3 per boe from $6.5 in Q1. The company maintained its quarterly dividend at $0.63 per share, targeting $2.52 per share for 2025.

Notable developments include a new oil discovery in the Yggdrasil area and field development projects progressing on schedule, despite a 6% upward revision in investment estimates due to inflation and costs.

Positive

• Raised full-year production guidance to 400-420 mboepd
• New oil discovery confirmed in Yggdrasil area
• Maintained strong dividend at $0.63 per share quarterly
• Industry-leading low emissions intensity at 2.8 kg CO2e per boe
• Strong operational efficiency and project execution

Negative

• Production declined to 415 mboepd from 441 mboepd in Q1
• Total income decreased to $2.6B from $3.2B in Q1
• Operating cash flow dropped to $1.2B from $2.1B in Q1
• Production costs increased to $7.3 per boe from $6.5 in Q1
• Project investment estimates revised upward by 6% due to inflation

LYSAKER, Norway, July 15, 2025 /PRNewswire/ -- Aker BP delivered strong operational performance in the second quarter of 2025, marked by high production efficiency, low costs, and industry-leading low emissions intensity. While production declined compared to the previous quarter due to planned maintenance activities, the company's field development projects remain firmly on track to support production growth from 2027. In addition, a new oil discovery has been made in the Yggdrasil area. Backed by solid operating cash flow and a robust balance sheet, Aker BP is well positioned to navigate market volatility and continue delivering resilient dividends to its shareholders. 

Highlights

• Strong operational performance: Oil and gas production averaged 415 mboepd (441 mboepd in Q1), impacted by planned maintenance. Full-year production guidance has been revised upwards to 400-420 mboepd (from 390-420). 
• Low cost: Production cost amounted to USD 7.3 per boe (USD 6.5 in Q1). 
• Low emissions intensity: Greenhouse gas emission intensity remained at 2.8 kg CO2e per boe (scope 1 & 2), among the lowest in the global oil and gas industry. 
• Projects on track: Field development projects are progressing on schedule – investment estimates revised upwards by approximately six percent reflecting updated assumptions for inflation, labour costs, and currency effects. 
• Exploration success: Oil discovery confirmed in the ongoing Omega Alfa well in the Yggdrasil area. 
• Financial results: Total income of USD 2.6 billion (USD 3.2 billion in Q1) and cash flow from operations of USD 1.2 billion (USD 2.1 billion in Q1). 
• 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

"We continued to deliver strong operational results in the second quarter, with high production efficiency, low emissions, and safe execution across our portfolio. This performance reflects the strength of our teams and the resilience of our operations."

"Our field development portfolio is progressing according to plan, with several projects even moving ahead of schedule. The final investment decisions on Johan Sverdrup Phase 3 and East Frigg this quarter further demonstrate our ability to turn strategy into action and lay the foundation for future growth."

"Our robust balance sheet and solid cash flow generation enable us to navigate market volatility with confidence – while continuing to deliver attractive and resilient dividends to our shareholders."

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-Q2 Report.pdf
Aker BP 2025-Q2 Presentation.pdf

CONTACT:

Investor contacts:
Kjetil Bakken, Head of IR, tel.: +47 918 89 889
Carl Christian Bachke, IR Officer, tel.: +47 909 80 848

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-second-quarter-2025-results,c4206791

The following files are available for download:

https://mb.cision.com/Main/1629/4206791/3580451.pdf	Release
https://mb.cision.com/Public/1629/4206791/a4d7b1657ec9486b.pdf	Aker BP 2025-Q2 Report
https://mb.cision.com/Public/1629/4206791/82bb15e2e8b4d438.pdf	Aker BP 2025-Q2 Presentation

 

View original content:https://www.prnewswire.com/news-releases/aker-bp-reports-second-quarter-2025-results-302505010.html

SOURCE Aker BP ASA

FAQ

What were Aker BP's (AKRBF) key financial results for Q2 2025?

Aker BP reported total income of $2.6 billion and operating cash flow of $1.2 billion in Q2 2025, with production costs at $7.3 per boe.

How much is Aker BP's dividend payment for Q2 2025?

Aker BP paid a dividend of $0.63 per share for Q2 2025, maintaining its target of $2.52 per share for the full year 2025.

What was Aker BP's production level in Q2 2025?

Aker BP's production averaged 415 mboepd in Q2 2025, down from 441 mboepd in Q1, primarily due to planned maintenance activities.

What is Aker BP's updated production guidance for 2025?

Aker BP revised its full-year production guidance upward to 400-420 mboepd, increased from the previous guidance of 390-420 mboepd.

What major developments did Aker BP report in Q2 2025?

Aker BP confirmed a new oil discovery in the Yggdrasil area and reported field development projects progressing on schedule, despite a 6% increase in investment estimates due to inflation.