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 of data, know-how and technology with other industries.

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

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

Reports and presentations

2021
2020
2019
2018
2017
Rapport Presentasjon Web cast
Første kvartal PDF PDF
Kapitalmarkeds­oppdatering PDF
Årsrapport PDF
Reserverapport PDF
Bærekraftsrapport PDF
Kapitalmarkeds­oppdatering PDF
Fjerde kvartal PDF PDF
Tredje kvartal PDF PDF
Andre kvartal PDF PDF
Første kvartal PDF PDF
Årsrapport PDF
Årlig reserverapport PDF
Kapitalmarkeds­oppdatering PDF
Fjerde kvartal PDF PDF
Tredje kvartal PDF PDF
Andre kvartal PDF PDF
Første kvartal PDF PDF
Årsrapport PDF
Årlig reserverapport PDF
Kapitalmarkeds­oppdatering PDF
Fjerde kvartal PDF PDF
Tredje kvartal PDF PDF
Andre kvartal PDF PDF
Første kvartal PDF PDF
Årsrapport PDF
Årlig reserverapport PDF
Kapitalmarkeds­oppdatering PDF
Fjerde kvartal PDF PDF
Tredje kvartal PDF PDF
Andre kvartal PDF PDF
Første kvartal PDF PDF

Latest press releases from Aker BP

Aker BP ASA announces pricing of inaugural Euro Senior Notes Offering

Aker BP ASA announces pricing of inaugural Euro Senior Notes Offering

Aker BP ASA is pleased to announce that it has priced an offering of EUR 750 million Senior Notes under Aker BP ASA’s recently established Euro Medium Term Note programme. The Notes mature in May 2029 and carry an annual fixed coupon of 1.125%. The…

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Ex dividend USD 0.3124 today

Ex dividend USD 0.3124 today

The shares in Aker BP ASA will be traded ex dividend USD 0.3124 (NOK 2.58628) as from today, 3 May 2021. The pay-out date will be on or about 11 May 2021.

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Aker BP: Key information related to cash dividend

Aker BP: Key information related to cash dividend

Dividend amount:    USD 0.3124 per share (NOK 2.58628 per share) Declared currency: USD Last day of trading including right: 30 April 2021 Ex-date: 3 May 2021 Record…

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First quarter 2021 results

First quarter 2021 results

Aker BP delivered strong operational performance in the first quarter, with high production, low cost and low emissions. Combined with increasing prices, this lead to record high revenues and operating profit. All field development projects…

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Sterke resultater for Aker BP i første kvartal

Sterke resultater for Aker BP i første kvartal

Aker BP leverte svært gode resultater i første kvartal. Sterk produksjon og høyere oljepris bidro til rekordhøye inntekter og driftsresultat.  Første kvartal var preget av effektiv drift med lave CO2-utslipp og god…

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Invitation to Aker BP’s Q1-2021 conference call

Invitation to Aker BP’s Q1-2021 conference call

Aker BP will publish its financial results for the first quarter 2021 on Wednesday 28 April 2021 at 07:00 CEST. A conference call will be hosted at 08:30 CEST. The conference call will be available as a webcast on the company’s website…

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Minutes of Annual General Meeting in Aker BP ASA

Minutes of Annual General Meeting in Aker BP ASA

The annual general meeting of Aker BP ASA was held 15 April 2021 at the company’s headquarters in Fornebu, Norway. All proposals on the agenda were adopted. Minutes of the meeting are attached and are available…

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Notice of Annual General Meeting 2021

Notice of Annual General Meeting 2021

The Annual General Meeting of Aker BP ASA will be held on Thursday 15 April 2021 at 09:00 (CEST) at Akerkvartalet, Oksenøyveien 10 (building B), Lysaker, Norway.   The notice and the proposal from the company’s nomination…

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Aker BP releases 2020 reports

Aker BP releases 2020 reports

Aker BP has today published the company’s Annual Report, Sustainability Report and Annual Statement of Reserves for 2020. The reports are attached, and can also be found on the company’s website www.akerbp.com.  Annual Report…

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Aker BP farms in to new UKCS licence in the greater Alvheim area

Aker BP farms in to new UKCS licence in the greater Alvheim area

Aker BP UK, a newly established subsidiary of Aker BP in Norway, has entered into an agreement with Eni UK to take over a 50 percent interest in licence P2511 on the UK Continental Shelf. Eni UK will remain operator. The assignment transaction…

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No strike on Mongstad

No strike on Mongstad

The employer organisation Norwegian Oil and Gas Association and the trade union SAFE, managed to find a solution in their mediation.  This means there will be no strike at Mongstad terminal, and production operations at the Johan Sverdrup…

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Possible strike could affect Johan Sverdrup production

Possible strike could affect Johan Sverdrup production

Aker BP notes the announcement from Equinor ASA regarding potential strike action by the Norwegian labour union SAFE, in relation to certain workers at the Mongstad terminal in Norway, from midnight on Monday 15 February 2021. This potential strike…

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Contact investor relations

    Financial calendar

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

    15.07.2021
    Half-yearly Report
    28.10.2021
    Quarterly Report – Q3
    09.02.2022
    Quarterly Report – Q4

    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 optimize the company’s capital structure by balancing risk, return on equity against lenders’ security and liquidity requirements. The company aims to have 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 shall receive a competitive return on their investment through increased share price and cash dividends.

    Last dividend
    11.05.2021
    Payout
    2,59 NOK
    per share
    Date of approval Ex date Record date Payment date Total dividend (USD million) Dividend per share (USD) Dividend per share (NOK)
    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 the company’s own shares equivalent to up to 5 percent of the total share capital. The mandate is valid until the next ordinary general meeting in 2021.

    Largest shareholders

    Investor % av totalt Land
    AKER CAPITAL AS 40,00% NOR
    BP EXPLORATION OP CO LTD 30,00% GBR
    FOLKETRYGDFONDET 3,38% NOR
    STATE STREET BANK AND TRUST COMP 0,94% USA
    STATE STREET BANK AND TRUST COMP 0,62% USA
    VERDIPAPIRFONDET DNB NORGE 0,58% NOR
    JPMORGAN CHASE BANK, N.A., LONDON 0,56% USA
    VERDIPAPIRFONDET ALFRED BERG GAMBA 0,54% NOR
    CACEIS BANK SPAIN SA 0,45% ESP
    DANSKE INVEST NORSKE INSTIT. II. 0,45% NOR
    RBC INVESTOR SERVICES BANK S.A. 0,42% LUX
    STATE STREET BANK AND TRUST COMP 0,38% USA
    VERDIPAPIRFONDET NORDEA KAPITAL 0,35% NOR
    JPMORGAN CHASE BANK, N.A., LONDON 0,34% GBR
    VERDIPAPIRFONDET ALFRED BERG NORGE 0,33% NOR
    VERDIPAPIRFONDET KLP AKSJENORGE IN 0,32% NOR
    VERDIPAPIRFOND ODIN NORGE 0,31% NOR
    THE BANK OF NEW YORK MELLON SA/NV 0,31% IRL
    THE BANK OF NEW YORK MELLON SA/NV 0,31% LUX
    VPF DNB AM NORSKE AKSJER 0,29% NOR
    Total number owned by top 20 80,86%

    Primary insiders

    Companies listed on the Oslo Stock Exchange have an obligation to keep 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

    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
    Credit Suisse +44 20 7888 8888
    Fearnley Securities +47 22 93 60 00
    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
    UBS +44 20 7568 1235

    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 of the Company. Aker BP’s articles of association and the Norwegian Public Limited Companies Act stipulate the role and mandate of the General Meeting which we follow.

    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 750 mill 4,75% Senior Notes, 15 June 2024

    Coupon payable semi-annually on 15 June and 15 December
    First call date on 15 June 2021
    The Senior Notes are listed on Luxembourg Stock Exchange (“LuxSE”)

    LuxSE listing information

    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.

    Revolving Credit Facility (RCF)

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

    USD 2 bn 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 bn Working Capital Facility
    Maturity May 2024, plus two annual extension options
    Margin 1,25%
    Commitment fee 35% of applicable margin