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

2022
2021
2020
2019
2018
ESEF Report Presentation Web cast
Third quarter PDF PDF
Second quarter PDF PDF
First quarter PDF PDF
Remuneration report PDF
Annual statement of reserves PDF
Sustainability report PDF
Annual report ZIP PDF
Fourth quarter PDF PDF
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

Latest press releases from Aker BP

Investment decision for the Wisting project postponed

Investment decision for the Wisting project postponed

The partners in the Wisting licenses have decided to postpone the investment decision originally scheduled for December 2022. The maturation of the project continues, aiming for an investment decision by the end of 2026. CEO of Aker BP, Karl Johnny…

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Aker BP sells shares to employees

Aker BP sells shares to employees

As part of its annual share saving plan, Aker BP has received subscriptions from employees for a total of 599,076 shares. The employees will pay NOK 242 per share, representing a 25 percent discount to the reference market price, and the…

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Aker BP: Ex dividend USD 0.525 today

Aker BP: Ex dividend USD 0.525 today

The shares in Aker BP ASA will be traded ex dividend USD 0.525 (NOK 5.5282) as from today, 31 October 2022. The payment date will be on or about 8 November 2022.

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Third quarter 2022 results

Third quarter 2022 results

In its first full quarter after the Lundin acquisition, Aker BP delivered operating profit of USD 3,959 million and net profit of USD 783 million.  Highlights: – New production record of 412 mboepd with high production efficiency…

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Aker BP: Key information related to cash dividend

Aker BP: Key information related to cash dividend

The following sets out the cash dividends to be paid by Aker BP in the fourth quarter 2022: Dividend amount: USD 0.525 per share (NOK 5.52820) Declared currency: USD Last day of trading including…

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Conversion stop in Aker BP SDRs

Conversion stop in Aker BP SDRs

We hereby inform that from 28 October 2022 until 8 November 2022 it will not be possible to execute CBT (Cross border transaction) to/from Sweden to convert Aker BP SDRs (ISIN SE0017486566) to ordinary Aker BP shares (ISIN…

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Third quarter 2022 trading update

Third quarter 2022 trading update

Aker BP will publish its financial report for the third quarter 2022 on Wednesday 26 October 2022. The company issues this trading update to summarize its production and sales volumes and related topics for the quarter. Oil and gas production and…

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Merger plan signed with wholly owned subsidiary

Merger plan signed with wholly owned subsidiary

Reference is made to previous announcements regarding the consolidation of former Lundin Energy subsidiaries into Aker BP ASA (“Aker BP”).  As a next and final step, a merger is proposed between Aker BP as the surviving entity and ABP Norway AS…

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Merger with wholly owned subsidiary completed

Merger with wholly owned subsidiary completed

Reference is made to previous announcements regarding the merger between Aker BP ASA ("Aker BP") and its wholly owned Dutch subsidiary ABP Energy Holding B.V ("AEH"). The merger has now been completed. Consequently, Aker BP has…

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All ex-Lundin employees fully integrated into the Aker BP organization

All ex-Lundin employees fully integrated into the Aker BP organization

From 1 October all employees from the former Lundin Energy’s E&P business are fully integrated into the Aker BP ASA organization, led by an adjusted Executive Management Team. “Our ambition is to create the E&P company of the…

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40 years of Valhall – aiming for 2060

40 years of Valhall – aiming for 2060

The Valhall field came on stream on 1 October 1982, with a goal of 250 million barrels. But at this point, more than 1.1 billion barrels have been produced from the area. Our ambition is to reach two billion barrels over the next 40 years. "The…

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Mandatory notification of trades

Mandatory notification of trades

Primary insider in Aker BP, Ørjan Kristensen Brakstad (deputy employee representative), has today sold 168 shares in Aker BP at a price of NOK 361.58 per share. New holding is 255 shares. The notification form is included in the attachment.

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Share and market information

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.

Quarterly Report – Q4
10.02.2023
Annual Report
24.03.2023
Annual General Meeting
14.04.2023
Quarterly Report – Q1
27.04.2023
Half-yearly Report
13.07.2023

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.

Contact investor relations

    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
    08.11.2022
    Payout
    5.53 NOK
    per share
    Date of approval Ex date Record date Payment date Total dividend (USD million) Dividend per share (USD) Dividend per share (NOK)
    25.10.2022 31.10.2022 01.11.2022 08.11.2022 0.525 5.5282
    19.07.2022 16.08.2022 17.08.2022 24.08.2022 331.8 0.525 5.20559
    27.04.2022 03.05.2022 04.05.2022 11.05.2022 171 0.475 4.39128
    09.02.2022 15.02.2022 16.02.2022 23.02.2022 171 0.475 4.1782
    27.10.2021 02.11.2021 03.11.2021 12.11.2021 150 0.4165 3.49119
    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 2023.

    Largest shareholders

    Investor Shares % of top 20 % of total Type Country
    AKER CAPITAL AS 133,757,576 29.11% 21.16% COMP NOR
    BP EXPLORATION OP CO LTD 100,302,878 21.83% 15.87% COMP GBR
    NEMESIA S.A.R.L. 90,798,282 19.76% 14.37% COMP CHE
    FOLKETRYGDFONDET 30,686,946 6.68% 4.86% COMP NOR
    JPMORGAN CHASE BANK, N.A., LONDON 19,301,190 4.20% 3.05% NOM GBR
    STATE STREET BANK AND TRUST COMP 13,333,294 2.90% 2.11% NOM USA
    JPMORGAN CHASE BANK, N.A., LONDON 13,293,624 2.89% 2.10% NOM GBR
    STATE STREET BANK AND TRUST COMP 7,666,954 1.67% 1.21% NOM USA
    JPMORGAN CHASE BANK, N.A., LONDON 6,137,571 1.34% 0.97% NOM GBR
    JPMORGAN CHASE BANK, N.A., LONDON 5,957,895 1.30% 0.94% NOM GBR
    CACEIS BANK 5,130,721 1.12% 0.81% NOM LUX
    JPMORGAN CHASE BANK, N.A., LONDON 5,015,892 1.09% 0.79% NOM GBR
    AVANZA BANK AB 5,002,857 1.09% 0.79% NOM SWE
    STATE STREET BANK AND TRUST COMP 4,809,472 1.05% 0.76% NOM USA
    SWEDBANK AB 3,730,490 0.81% 0.59% NOM SWE
    VERDIPAPIRFONDET KLP AKSJENORGE IN 3,340,159 0.73% 0.53% COMP NOR
    CLEARSTREAM BANKING S.A. 3,208,338 0.70% 0.51% NOM LUX
    SVENSKA HANDELSBANKEN AB 3,058,057 0.67% 0.48% NOM SWE
    SKANDINAVISKA ENSKILDA BANKEN AB 2,568,779 0.56% 0.41% NOM SWE
    SKANDINAVISKA ENSKILDA BANKEN AB 2,439,420 0.53% 0.39% NOM SWE
    Total number owned by top 20 459,540,395 72.71%
    Total number of shares 632,022,210 100.00%

    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 87
    Arctic Securities ASA +47 22 93 72 12
    Barclays +44 20 7773 1682
    Berenberg +44 20 3465 2684
    BofA Securities +44 207 996 7109
    Carnegie +47 22 00 93 56
    Citi +44 20 7986 7337
    DnB Markets +47 24 16 92 97
    Goldman Sachs +44 20 7552 9383
    Jefferies +44 20 7029 8691
    J.P. Morgan Cazenove +44 20 7134 5942
    Morgan Stanley +44 20 7425 3016
    Nordea Markets +47 24 01 50 80
    Norne Securities +47 21 95 37 48
    ODDO BHF +33 (0)1 44 94 56 05
    Pareto Securities AS +47 24 13 21 86
    Redburn +44 20 7000 2019
    RBC Europe Ltd +44 7713 388 825
    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:
    PricewaterhouseCoopers AS
    Dronning Eufemias gate 71
    N-0194 Oslo
    Norway

    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.

    Tax

    Aker BP’s 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
    Aker BP Tax Manual 2022 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 has assigned a BBB rating with stable outlook LINK>>
    • Moody’s has assigned a Baa2 rating with stable outlook LINK>>
    • Fitch has assigned a BBB rating with stable outlook LINK>>

    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 LINK>>

    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 LINK>>

    USD 1 billion 2.00% Senior Notes, due 15 July 2026

    Coupon payable semi-annually on 15 January and 15 July
    The Senior Notes are listed on Luxembourg Stock Exchange LINK>>

    USD 1 billion 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 LINK>>

    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 LINK>>

    USD 1 billion 3.10% Senior Notes, due 15 July 2031

    Coupon payable semi-annually on 15 January and 15 July
    The Senior Notes are listed on Luxembourg Stock Exchange LINK>>

    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 LINK>>

    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 0.75%
    Commitment fee 35% of applicable margin

    USD 1.4 billion Working Capital Facility
    Maturity May 2026
    Margin 1.00%
    Commitment fee 35% of applicable margin