Investor relations

Aker BP is an independent E&P company with exploration, development and production activities on the Norwegian continental shelf (NCS). 

The world will continue to need oil and gas for the foreseeable future. We believe the winners in the oil and gas market will be the companies that succeed in lowering emissions while reducing costs. As a pure play E&P company, Aker BP aims to continue creating value for its stakeholders through efficient production, reduced emissions, and sharing data, know-how and technology with other industries.

It is the company’s goal that over time, Aker BP’s shareholders will receive a competitive return on their investment through an increased share price and cash dividends.

The company is a Norwegian public limited liability company (ASA), established under Norwegian law and with tax domicile in Norway. Aker BP is listed on Oslo Børs with ticker code AKRBP. Aker BP complies with the Oslo Børs code of practice for reporting investor information.

Reports and presentations

2021
2020
2019
2018
2017
Report Presentation Web cast
Third quarter PDF PDF
Second quarter PDF PDF
First quarter PDF PDF
Capital Markets Update PDF
Annual report PDF
Annual Statements of Reserves PDF
Sustainability report PDF
Capital Markets Update PDF
Q4 PDF PDF
Q3 PDF PDF
Q2 PDF PDF
Q1 PDF PDF
Annual report PDF
Annual Statement of Reserves PDF
Sustainability report PDF
Capital Markets Update PDF
Q4 PDF PDF
Q3 PDF PDF
Q2 PDF PDF
Q1 PDF
Annual report PDF
Annual Statement of Reserves PDF
Sustainability report PDF
Capital Markets Update PDF
Q4 PDF PDF
Q3 PDF PDF
Q2 PDF PDF
Q1 PDF PDF
Annual report PDF
Annual Statement of Reserves PDF
Sustainability report PDF
Capital Markets Update PDF
Q4 PDF PDF
Q3 PDF PDF
Q2 PDF PDF
Q1 PDF PDF

Latest press releases from Aker BP

PDMR notification of trade

PDMR notification of trade

Please find attached a PDMR notification of trade in Aker BP shares for Terje Solheim who is an employee representative on the company’s board of directors.

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Mandatory notification of trades

Mandatory notification of trades

Primary insider in Aker BP, Thomas Husvæg (deputy employee representative), has today sold 932 shares in Aker BP at a price of NOK 337.00 per share. New holding is 132 shares. The notification form is included in the attachment.

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Ærfugl phase 2 starts production ahead of schedule and on budget

Ærfugl phase 2 starts production ahead of schedule and on budget

Operator Aker BP and partners Equinor, Wintershall Dea Norge and PGNiG Norway report that production has started from Ærfugl phase 2 in the Norwegian Sea.       With this start-up, the…

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Aker BP: Ex dividend USD 0.4165 today

Aker BP: Ex dividend USD 0.4165 today

The shares in Aker BP ASA will be traded ex dividend USD 0.4165 (NOK 3.49119) as from today, 2 November 2021. The pay-out date will be on or about 12 November 2021.

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Mandatory notification of trades

Mandatory notification of trades

Primary insider in Aker BP, Ingard Haugeberg (employee representative), has today sold 970 shares in Aker BP at a price of NOK 325.48 per share. New holding is 948 shares. The notification form is included in the attachment.

Read more
Mandatory notification of trades

Mandatory notification of trades

Primary insider in Aker BP, Tore Vik (employee representative), has today sold 667 shares in Aker BP at a price of NOK 330.00 per share. New holding is 3,594 shares. Primary insider in Aker BP, Hilde Kristin Brevik (employee representative), has…

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Aker BP: Key information related to cash dividend

Aker BP: Key information related to cash dividend

Dividend amount: USD 0.4165 per share (NOK 3.49119 per share) Declared currency: USD Last day of trading including right: 1 November 2021 Ex-date: 2 November 2021 Record date: 3 November…

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Third quarter 2021 results

Third quarter 2021 results

Aker BP delivered record high revenues in the third quarter, driven by high oil and gas prices and continued stable operations. The company continued maturing its project portfolio, including the NOAKA project where the development concept has been…

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Third quarter 2021 trading update

Third quarter 2021 trading update

Aker BP will publish its financial report for the third quarter 2021 on Thursday 28 October 2021. The company has issued this trading update to summarize its production and sales volumes and related topics for the quarter. Oil and gas…

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The Ula field is 35 years old – and plans to stick around for at least ten more

The Ula field is 35 years old – and plans to stick around for at least ten more

When the Ula field was officially opened on October 1986, the ambition was to produce for 10–11 years. Over the course of 35 years, it has produced more than three times what was expected at start-up. The goal is to continue operations until…

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Aker BP celebrates five years with an anniversary film

Aker BP celebrates five years with an anniversary film

On 1 October* Aker BP marks the first five years of operations with an anniversary film. See the anniversary film (link to YouTube) "I am both proud and happy with what we have achieved," says Aker BP CEO, Karl Johnny…

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Aker BP: Reporting of transactions made by person closely associated with a primary insider

Aker BP: Reporting of transactions made by person closely associated with a primary insider

Lars Olav Lien, closely associated to Marit Blaasmo (SVP for HSSEQ in Aker BP), has subscribed for 1,912 shares in Aker BP for a price of NOK 170.25 per share under the company's share saving plan for employees. Please see the relevant…

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Contact investor relations

    Financial calendar

    Aker BP publishes its quarterly results at around 07:00 CET. The results will be available on the company’s website, at Oslo Stock Exchange’s NewsWeb and through a wide range of newswires.

    09.02.2022
    Quarterly Report – Q4
    15.03.2022
    Annual Report
    05.04.2022
    Annual General Meeting
    28.04.2022
    Quarterly Report – Q1
    13.07.2022
    Half-yearly Report
    26.10.2022
    Quarterly Report – Q3

    The company will normally host an open presentation at 08:30 CET and a live webcast is available from the company’s homepage. The dates, times and venues are subject to change. Changes will be communicated through stock exchange announcements.

    Share and market information

    Dividends

    The Board seeks to optimise the company’s capital structure by balancing risk, return on equity against lenders’ security and liquidity requirements. The company aims to maintain a good reputation in all debt and equity markets. The Board continuously evaluates the company’s capital structure, ensuring a capital and debt structure that is appropriate to the company’s objective, strategy and risk profile. This involves monitoring available funding sources and related cost of capital.

    It is the company’s goal that over time, Aker BP’s shareholders will receive a competitive return on their investment through an increased share price and cash dividends.

    Last dividend
    28.07.2021
    Payout
    2.73 NOK
    per share
    Date of approval Ex date Record date Payment date Total dividend (USD million) Dividend per share (USD) Dividend per share (NOK)
    14.07.2021 20.07.2021 21.07.2021 28.07.2021 112.5 0.3124 2.73258
    27.04.2021 03.05.2021 04.05.2021 11.05.2021 112.5 0.3124 2.58628
    03.02.2021 10.02.2021 11.02.2021 18.02.2021 112.5 0.3124 2.69167
    28.10.2020 02.11.2020 03.11.2020 12.11.2020 70.8 0.1967 1.83989
    13.07.2020 31.07.2020 03.08.2020 10.08.2020 70.8 0.1967 1.85169
    05.05.2020 08.05.2020 11.05.2020 22.05.2020 70.8 0.1967 2.02683
    10.02.2020 13.02.2020 14.02.2020 24.02.2020 212.5 0.5901 5.45251
    21.10.2019 31.10.2019 01.11.2019 08.11.2019 187.5 0.5207 4.73642
    11.07.2019 01.08.2019 02.08.2019 19.08.2019 187.5 0.5207 4.44417
    25.04.2019 08.05.2019 09.05.2019 16.05.2019 187.5 0.5207 4.52363
    05.02.2019 11.02.2019 12.02.2018 19.02.2019 187.5 0.5207 4.41142
    18.10.2018 01.11.2018 02.11.2018 09.11.2018 112.5 0.3124 2.56866
    12.07.2018 01.08.2018 02.08.2018 09.08.2018 112.5 0.3124 2.5308
    06.05.2018 09.05.2018 11.05.2018 22.05.2018 112.5 0.3124 2.51718
    01.02.2018 06.02.2018 07.02.2018 14.02.2018 112.5 0.3124 2.39974
    29.10.2017 01.11.2017 02.11.2017 09.11.2017 62.5 0.185 1.50694
    13.07.2017 01.08.2017 02.08.2017 09.08.2017 62.5 0.185 1.45977
    27.04.2017 10.05.2017 11.05.2017 19.05.2017 62.5 0.185 1.57156
    03.02.2017 09.02.2017 10.02.2017 17.02.2017 62.5 0.185 1.55202
    24.11.2016 29.11.2016 30.11.2016 07.12.2016 62.5 0.185 1.55348

    Buy-back of own shares

    Currently, the Board of Aker BP has a mandate for the Company to acquire its own shares equivalent to up to 5 per cent of the total share capital. The mandate is valid until the next ordinary general meeting in 2021.

    Largest shareholders

    Investor % of total Country
    AKER CAPITAL AS 37.14% NOR
    BP EXPLORATION OP CO LTD 27.85% GBR
    FOLKETRYGDFONDET 3.55% NOR
    STATE STREET BANK AND TRUST COMP 1.43% USA
    JPMORGAN CHASE BANK, N.A., LONDON 0.66% USA
    STATE STREET BANK AND TRUST COMP 0.55% USA
    STATE STREET BANK AND TRUST COMP 0.54% USA
    VERDIPAPIRFONDET DNB NORGE 0.51% NOR
    STATE STREET BANK AND TRUST COMP 0.50% USA
    SOCIÉTÉ GÉNÉRALE 0.49% FRA
    EUROCLEAR BANK S.A./N.V. 0.45% BEL
    VERDIPAPIRFONDET ALFRED BERG GAMBA 0.40% NOR
    THE BANK OF NEW YORK MELLON SA/NV 0.39% IRL
    CACEIS BANK SPAIN SA 0.39% ESP
    JPMORGAN CHASE BANK, N.A., LONDON 0.37% GBR
    VERDIPAPIRFOND ODIN NORGE 0.37% NOR
    RBC INVESTOR SERVICES BANK S.A. 0.36% LUX
    CLEARSTREAM BANKING S.A. 0.34% LUX
    VPF DNB AM NORSKE AKSJER 0.32% NOR
    VERDIPAPIRFONDET KLP AKSJENORGE IN 0.31% NOR
    Total number owned by top 20 76.94%

    Primary insiders

    Companies listed on the Oslo Stock Exchange have an obligation to maintain updated lists of primary insiders. The primary insiders and their closely-related parties are required to notify the authorities of personal transactions related to Aker BP shares, bonds and other related financial instruments.

    For Aker BP, the list of primary insiders includes the Board of Directors and the corporate management team.

    Analyst coverage

    This is a list of equity analysts who are following Aker BP on an independent basis.

    Company Analyst Phone
    ABG Sundal Collier ASA +47 22 01 61 65
    ABN AMRO Oddo BHF +31 20 383 1216
    Arctic Securities ASA +47 22 93 72 12
    Barclays +44 20 7773 1682
    Berenberg +44 20 3465 2684
    Carnegie +47 22 00 93 56
    Citi +44 20 7986 4426
    Danske Bank +47 85 40 54 91
    DnB Markets +47 24 16 92 97
    HSBC +91 80 4555 2760
    Jefferies +44 20 7029 8691
    J.P. Morgan Cazenove +44 20 7134 5942
    Kepler Cheuvreux +47 23 13 90 69
    Morgan Stanley +44 20 7425 3016
    Nordea Markets +47 24 01 50 80
    Norne Securities +47 21 95 37 48
    Pareto Securities AS +47 24 13 21 86
    Redburn +44 20 7000 2019
    RBC Europe Ltd +44 131 222 3638
    SEB Enskilda +47 21 00 85 02
    Societe Generale +44 20 7762 5902
    SpareBank 1 Markets AS +47 24 13 36 06
    Stifel +44 20 7710 7623

    Registrar and Auditor

    DNB Bank ASA
    Custody services/Issuer services
    P.O. Box 1600, Stranden 21
    N-0021 Oslo
    NORWAY

    Phone: +47 22 26 80 21
    E-mail: kua@dnb.no

    Aker BP is audited by:
    KPMG
    Sørkedalsveien 6
    P.O Box 7000, Majorstuen
    0306 Oslo
    Norway

    Phone: +47 04063

    General meeting

    The general meeting is the highest authority in the company. Aker BP’s articles of association and the Norwegian Public Limited Companies Act, which we follow, stipulate the role and mandate of the general meeting.

    Follow the link below for information about past and upcoming general meetings.

    Tax

    Tax is an important factor for Aker BP. The tax strategy describes the company’s responsible tax principles. The tax manual provides analytical on the tax calculation for the company.

    Aker BP Tax Strategy pdf
    Aker BP Tax Manual 2021 pdf

    Debt and credit ratings

    Aker BP’s long-term interest-bearing debt consists of a combination of bank facilities and bonds.

    Credit ratings

    Aker BP has obtained investment grade credit ratings from S&P, Moody’s and Fitch. S&P Global Ratings has assigned a BBB- long-term corporate credit rating with positive outlook. Moody’s has assigned a Baa3 long-term issuer rating with stable outlook. Fitch has assigned a BBB-rating with stable outlook.

    Links to rating reports:

    S&P Global Ratings (30 April 2021)
    Moody’s (4 February 2021)
    Fitch (30 April 2021)

    USD Bonds

    USD 500 mill 3.00% Senior Notes, 15 January 2025

    Coupon payable semi-annually on 15 January and 15 July
    The Senior Notes are listed on Luxembourg Stock Exchange (“LuxSE”)

    LuxSE listing information

    USD 500 mill 2.875% Senior Notes, 15 January 2026

    Coupon payable semi-annually on 15 January and 15 July
    The Senior Notes are listed on Luxembourg Stock Exchange (“LuxSE”)

    LuxSE listing information

    USD 1 000 mill 3.75% Senior Notes, 15 January 2030

    Coupon payable semi-annually on 15 January and 15 July
    The Senior Notes are listed on Luxembourg Stock Exchange (“LuxSE”)

    LuxSE listing information

    USD 750 mill 4.00% Senior Notes, 15 January 2031

    Coupon payable semi-annually on 15 January and 15 July
    The Senior Notes are listed on Luxembourg Stock Exchange (“LuxSE”)

    LuxSE listing information

    EMTN Programme

    Aker BP’s Euro Medium Term Note programme has been established in April 2021 and is listed on the Luxembourg Stock Exchange. The EMTN programme is updated annually and constitutes a standardised master agreement for issuance of public benchmark bonds.

    The programme has a limit of EUR 2 billion.

    EUR 750 mill 1.125% Senior Notes, 12 May 2029

    Coupon payable on 12 May each year
    The Senior Notes are listed on Luxembourg Stock Exchange (“LuxSE”)

    LuxSE listing information

    Revolving Credit Facility (RCF)

    The Facilities will be used for general corporate purposes and supporting strong financial capacity.

    USD 2 billion Liquidity Facility
    Maturity May 2025 – USD 0.35 bn
    Maturity May 2026 – USD 1.65 bn
    Margin 1.00%
    Commitment fee 35% of applicable margin

    USD 1.4 billion Working Capital Facility
    Maturity May 2024, plus two annual extension options
    Margin 1.25%
    Commitment fee 35% of applicable margin