Aker BP reports second quarter 2024 results
LYSAKER, Norway,
Highlights
- High production: Oil and gas production averaged 444 (448) thousand barrels of oil equivalent per day (mboepd) in the second quarter, supported by a production efficiency of 95 (93) percent. Full-year guidance has been revised to 420-440 (410-440) mboepd.
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Low cost: Production cost was
USD 6.4 (6.1) per barrel produced, below the full-year guidance ofUSD 7 due to strong operational performance and currency effects. -
Low emissions: Greenhouse gas emission intensity was 2.9 (3.0) kg CO2e per boe (scope 1&2), positioning
Aker BP among the lowest in the global oil & gas industry. -
Project execution on track: All field development projects are progressing as planned in terms of both schedule and costs.
Hanz commenced production in the second quarter, and Tyrving remains on track for an accelerated start-up in the fourth quarter of this year. -
Strong financial performance:
Aker BP reported EBITDA ofUSD 3.0 (2.8) billion, operating profit ofUSD 2.3 (2.2) billion, and net profit ofUSD 561 (531) million. -
Returning value: Quarterly dividend of
USD 0.60 per share.
Comments from Karl Johnny Hersvik, CEO of
"This quarter,
We are pleased to report that all our field development projects remain on track, poised to drive profitable growth for
Through strong operational performance and strategic investments in new capacity, we are establishing a robust foundation for long-term value creation and consistently delivering attractive dividends to our shareholders."
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