Aker BP ASA
36.45
EUR
+0.11
(+0.30%)
Aker BP ASA
GETTEX:ARC
(Gettex)
Recent
price
36.45
P/E
ratio
23.89
div
yld
6.28%
ROIC.AI
Capital Structure
USD
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in mil. unless spec.Working Capital
USD
•
in mil. unless spec.Growth Rates
USD
•
in mil. unless spec.Quarterly Revenue
USD
•
in mil. unless spec.Quarterly Earnings Per Share
USD
•
in mil. unless spec.Quarterly Dividends Per Share
USD
•
in mil. unless spec.- Similar Companies
- Business
- Aker BP ASA is a Norwegian oil and gas exploration, development, and production company operating primarily on the Norwegian Continental Shelf. The company’s core products and services include oil and gas exploration; field development comprising central processing platforms, unmanned platforms, and extensive subsea infrastructure; and production of crude oil and natural gas. Aker BP operates several oil fields such as Valhall, Fenris, and Alvheim, and invests heavily in exploration acreage, leveraging advanced digitalization and AI-driven data analytics for operational optimization and efficiency. Founded in 2001 and headquartered in Lysaker, Norway, Aker BP is Norway’s second-largest independent oil producer after Equinor. The company has a substantial resource base with a portfolio of high-return field development projects targeting significant production growth by 2028, including the goal to reach over 500,000 barrels of oil equivalent per day. It maintains a capital-efficient, tax-optimized operational framework and a strong financial position characterized by disciplined capital allocation, a robust balance sheet, and an investment-grade credit rating. Recent major developments include an extended alliance with Schlumberger Limited and Stimwell Services for five more years to enhance operational excellence, and the acquisition of Swedish petroleum company Lundin Energy in 2022 for more than $14 billion, expanding Aker BP’s resource portfolio. In 2025, Aker BP announced agreements with DNO ASA to expand collaboration and accelerate development of the Kjøttkake discovery, including ownership exchanges and operatorship transfers strengthening its position in the Alvheim area. Additionally, the company has recently completed a $1.5 billion senior notes issuance to fund growth, and ongoing investments in digital transformation have enabled the delivery of over 70 AI-powered data products to enhance decision-making and innovation. Aker BP’s strategic focus includes industrial transformation via digitalization partnerships, such as those with Microsoft and Profisee, integrating AI and master data management to drive safer, more efficient energy production. The company pursues acquisitions selectively, targeting high-quality assets that improve efficiency and production economics, while maintaining a sustainable growth agenda with low break-even production costs in a volatile macroeconomic environment. Overall, Aker BP ASA leverages strong operational expertise, strategic alliances, and a resilient financial framework to consolidate its position as a leading oil and gas producer on the Norwegian Continental Shelf with ambitious growth, exploration, and sustainability targets through the next decade.