Norway · Delayed Price · Currency is NOK Aker BP ASA Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw high production efficiency, strong financials, and major projects delivered ahead of schedule, with robust cash flow and a positive outlook for sustained growth and shareholder returns. Realized oil prices benefited from market tightness, and guidance for 2026 is reaffirmed.
Fiscal Year 2025
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Strong 2025 performance with record cash flow, high production efficiency, and major discoveries added 100 million bbl of resources. Major projects remain on track, CapEx increased to $7B, and a 5% dividend hike is planned for 2026.
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Strong Q3 performance with stable production, robust cash flow, and major exploration successes. Full-year production guidance was raised, projects remain on schedule, and dividend growth continues, supported by a solid balance sheet and industry-leading low emissions.
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Q2 2024 delivered strong operational results despite lower production from planned maintenance, with high project activity and key discoveries at Yggdrasil. Investment and cost guidance were raised, but financial strength and dividend growth remain robust.
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Q1 2025 saw strong operational and financial results, with high production, low costs, and robust cash flow. Major projects and exploration are progressing on schedule, supporting resilient dividends and future growth. Balance sheet strength and hedging provide flexibility amid market volatility.
Fiscal Year 2024
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Outstanding 2024 results featured record cash flow, high production, and low costs, with major projects on track and a 5% dividend increase for 2025. Production guidance for 2025 reflects natural decline, but long-term plans target sustained output above 500,000 barrels per day and continued value creation.
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Early production at Tyrving and strong operational execution drove record cash flow and robust liquidity. Full-year production and cost guidance were improved, with major projects and exploration progressing on schedule. Industry-leading cost and emissions performance support long-term growth.
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Q2 2024 saw high production efficiency, strong cash flow, and industry-leading low costs and emissions. Major projects progressed on schedule, with robust liquidity and a stable outlook. Dividend policy remains strong, and guidance for production and costs is reaffirmed.