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Aker BP reports first quarter 2025 results
Aker BP delivered another strong operational quarter, supported by high production efficiency, low costs, and low emissions. The project portfolio remains on track to enable production growth from 2027, while two new discoveries have further strengthened our future development pipeline. With solid cash flow and a robust balance sheet, the company is well positioned to navigate market volatility and continue delivering resilient dividends to shareholders.
About this update from Aker Bp Asa
LYSAKER, Norway , May 7, 2025 /PRNewswire/ -- Aker BP delivered another strong operational quarter, supported by high production efficiency, low costs, and low emissions. The project portfolio remains on track to enable production growth from 2027, while two new discoveries have further strengthened our future development pipeline. With solid cash flow and a robust balance sheet, the company is well positioned to navigate market volatility and continue delivering resilient dividends to shareholders. Highlights Comment from Karl Johnny Hersvik, CEO of Aker BP "Aker BP delivered strong operational performance this quarter, underscoring our commitment to safe, reliable, and low-emission operations. Efficient production and disciplined cost management remain key pillars of our success, and we once again achieved an outstanding production efficiency of 97 percent across our portfolio. We are making excellent progress across our project portfolio and remain firmly on track to deliver substantial production growth from 2027. In parallel, we continue to build our long-term value creation potential, with two new discoveries this quarter further enhancing our portfolio of future development opportunities. Our financial position remains very strong, supported by robust underlying cash flow and a resilient balance sheet. This gives us the flexibility to navigate market fluctuations, while continuing our disciplined approach to capital distribution. We remain fully committed to delivering value to our shareholders through stable and predictable dividends." Webcast presentation The presentation will be webcasted today at 08:30 CEST on www.akerbp.com , hosted by CEO Karl Johnny Hersvik and CFO David Tønne . The presentation will be followed by an online Q&A session. Attachments Aker BP 2025-Q1 Report.pdf Aker BP 2025-Q1 Presentation.pdf Investor contacts: Kjetil Bakken , Head of IR, tel.: +47 918 89 889 Carl Christian Bachke , IR Officer, tel.: +47 909 80 848 Martin Seland Simensen , IR Officer, tel.: +47 416 92 087 Media contacts: Tore Langballe , VP Communications, tel.: +47 907 77 841 Ole-Johan Faret , Press Spokesman, tel.: +47 402 24 217 This information was brought to you by Cision http://news.cision.com https://news.cision.com/aker-bp-asa/r/aker-bp-reports-first-quarter-2025-results,c4145854 The following files are available for download: View original content: https://www.prnewswire.com/news-releases/aker-bp-reports-first-quarter-2025-results-302448111.html SOURCE Aker BP ASA