Aker BP reports third quarter 2025 results

Rhea-AI Summary

Aker BP (OTC:AKRBF) reported Q3 2025 results on Oct 22, 2025, showing stable production, strong cash generation and a material exploration success. Production averaged 414 mboepd (Q2: 415), and full-year guidance was raised to 410–425 mboepd (previously 400–410). The Omega Alfa discovery in the Yggdrasil area is estimated at 96–134 mmboe recoverable—one of the largest finds on the Norwegian Continental Shelf in a decade. Total income was USD 2.6B, operating cash flow was USD 2.0B (Q2: USD 1.2B), and production cost was USD 7.6/boe. A dividend of USD 0.63 per share was paid in the quarter, supporting a USD 2.52 per-share target for the year. Major developments advanced on schedule and emissions intensity stood at 2.9 kg CO2e/boe.

Positive

• Guidance raised to 410–425 mboepd for full year 2025
• Omega Alfa discovery estimated 96–134 mmboe recoverable
• Operating cash flow USD 2.0B in Q3 (Q2: USD 1.2B)
• Dividend paid USD 0.63 per share in Q3 (on track to USD 2.52/year)

Negative

• None.

LYSAKER, Norway, Oct. 22, 2025 /PRNewswire/ -- Aker BP delivered another strong quarter in Q3 2025, demonstrating operational excellence, disciplined cost control, and continued progress on key growth projects. Production remained stable, supported by high uptime and safe execution across the portfolio. The company achieved a major milestone with the Omega Alfa oil discovery in the Yggdrasil area – one of the largest on the Norwegian Continental Shelf in the past decade. Aker BP's robust financial position and resilient cash flow underpin its commitment to shareholder returns while enabling continued investment in future growth. 

Highlights         

• Stable production: Oil and gas production averaged 414 mboepd (415 mboepd in Q2), with high production efficiency and minimal unplanned downtime. Full-year production guidance has been raised to 410-425 mboepd (previously 400-410 mboepd).           
• Cost discipline: Production cost was USD 7.6 per boe (USD 7.3 in Q2), impacted by planned maintenance.           
• Industry-leading emissions: Greenhouse gas emission intensity at 2.9 kg CO2e per boe (scope 1 & 2).           
• Project delivery: Major field developments – including Yggdrasil, Valhall PWP-Fenris, Skarv Satellites, and Utsira High – advanced on schedule, with all key construction and drilling milestones reached.           
• Exploration breakthrough: The Omega Alfa campaign delivered a significant oil discovery in the Yggdrasil area, estimated at 96–134 mmboe recoverable.           
• Solid financials: Total income was USD 2.6 billion (USD 2.6 billion in Q2), with cash flow from operations of USD 2.0 billion (USD 1.2 billion in Q2).           
• Resilient dividends: A dividend of USD 0.63 per share was paid in the quarter, keeping Aker BP on track for USD 2.52 per share for the year.

Comment from Karl Johnny Hersvik, CEO of Aker BP:  

"In the third quarter, we continued to demonstrate stable and efficient operations across a diverse portfolio. Our growth projects progressed as planned, while our teams maintained high uptime, a strong safety record, and industry-leading low emissions.

"The Omega Alfa discovery was a clear highlight this quarter. As one of the largest oil finds on the Norwegian Continental Shelf in the past decade, it underscores the strength of our exploration strategy and our collaborative approach with partners. The discovery significantly expands the resource base for Yggdrasil and supports our ambition to grow production well into the next decade.

"Our financial position remains robust. Strong cash flow and disciplined capital allocation enable continued investment in future growth, advancement of major development projects, and delivery of attractive, resilient dividends to our shareholders."

Webcast presentation

The presentation will be webcast 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-Q3 Report
Aker BP 2025-Q3 Presentation

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-third-quarter-2025-results,c4253715

The following files are available for download:

https://mb.cision.com/Main/1629/4253715/3735981.pdf	Release
https://mb.cision.com/Public/1629/4253715/ba67e97ec489dec7.pdf	Aker BP 2025-Q3 Report
https://mb.cision.com/Public/1629/4253715/a44b678f0eb16e2a.pdf	Aker BP 2025-Q3 Presentation

View original content:https://www.prnewswire.com/news-releases/aker-bp-reports-third-quarter-2025-results-302590981.html

SOURCE Aker BP ASA

FAQ

What did Aker BP (AKRBF) report for Q3 2025 production on Oct 22, 2025?

Aker BP reported average production of 414 mboepd in Q3 2025 and raised full-year guidance to 410–425 mboepd.

How large is the Omega Alfa discovery reported by Aker BP (AKRBF) in Q3 2025?

The Omega Alfa discovery in the Yggdrasil area is estimated at 96–134 mmboe recoverable.

What were Aker BP's (AKRBF) cash flow and revenue figures for Q3 2025?

Total income was USD 2.6B and cash flow from operations was USD 2.0B in Q3 2025.

Did Aker BP (AKRBF) pay a dividend in Q3 2025 and what is the full‑year target?

A dividend of USD 0.63 per share was paid in Q3, keeping the company on track for USD 2.52 per share for 2025.

What was Aker BP's (AKRBF) reported production cost and emissions intensity in Q3 2025?

Production cost was USD 7.6 per boe and greenhouse gas emission intensity was 2.9 kg CO2e/boe (scope 1 & 2).