Welcome to our dedicated page for Aker Bp Asa news (Ticker: AKRBF), a resource for investors and traders seeking the latest updates and insights on Aker Bp Asa stock.
Aker BP ASA (AKRBF) delivers oil and gas exploration leadership on Norway's Continental Shelf through cutting-edge technology and sustainable practices. This dedicated news hub provides investors with essential updates on operational milestones, strategic initiatives, and industry developments.
Access real-time announcements covering quarterly earnings, new exploration licenses, production efficiency achievements, and environmental stewardship programs. Our curated collection simplifies tracking of critical updates including asset acquisitions, partnership developments, and regulatory compliance progress.
Key focus areas include drilling program expansions, digital innovation in offshore operations, and emissions reduction targets. Investors gain strategic insights through verified reports on reserve updates, field optimization projects, and market positioning within Europe's energy sector.
Bookmark this page for direct access to AKRBF's official communications and expert analysis of their low-cost production model. Stay informed about Norway's evolving energy landscape through comprehensive coverage of this E&P leader's activities.
Aker BP reported strong operational and financial performance in Q2 2024. The company achieved an average oil and gas production of 444 mboepd, supported by a production efficiency of 95%. Production costs were USD 6.4 per barrel, below the guidance of USD 7. Greenhouse gas emission intensity was 2.9 kg CO2e per boe. All field development projects are progressing well, with Hanz commencing production and Tyrving on track for an accelerated start-up. Financially, Aker BP reported an EBITDA of USD 3.0 billion, an operating profit of USD 2.3 billion, and a net profit of USD 561 million. A quarterly dividend of USD 0.60 per share was declared.
Aker BP released its preliminary Q2 2024 production and sales figures, reporting an equity production of 444.1 thousand barrels of oil equivalents per day (mboepd) and a net volume sold of 460.9 mboepd. This represents a slight decrease in production from Q1 2024's 448.0 mboepd, but an increase in net volume sold from 428.9 mboepd. Realized prices for liquids were $83.1 per barrel and $57.2 per barrel for natural gas.
For the first half of 2024, the average production was 446 mboepd. However, planned maintenance activities are expected to affect the second half, leading to a revised full-year production forecast of 420-440 mboepd, up from 410-440 mboepd. The full Q2 report will be published on 12 July 2024, followed by a webcast presentation and Q&A session.
The annual general meeting of Aker BP ASA took place digitally with online participation. The board was re-elected, including new director Doris Reiter. All agenda items were approved except for a proposal from Norwegian People's Aid. Contact information and meeting minutes are available online.
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