Norway · Delayed Price · Currency is NOK Aker BP ASA Earnings Call Transcripts
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, high efficiency, and robust cash flow. Major discoveries at Omega Alfa and Kjøttkake boost the resource base, while project execution and cost control support raised production guidance and continued dividend growth.
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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 production, low costs, and robust cash flow, with major projects on track and two new discoveries. Guidance for production, costs, and CapEx remains unchanged, and the dividend is set to grow at least 5% annually through 2028.
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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Q3 saw record cash flow, strong operational performance, and early project delivery, with production and cost guidance both improved. Robust liquidity, low leverage, and industry-leading cost and emissions metrics position the company for continued growth and resilience.
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Q2 2024 saw high production efficiency, strong cash flow, and industry-leading low costs. Major projects are on track, with robust financials and a positive outlook for production and dividends. Emissions intensity remains among the lowest globally.