Aker BP Reports Q2 2025 Results with Strong Momentum Across Operations.

Aker BP ASA reported Q2 2025 results, with Karl Hersvik highlighting a strong quarter with momentum across both exploration and production. The company's performance was driven by successful drilling operations, with multiple discoveries and a significant increase in production. Aker BP's financial results also showed strong growth, with revenue and profit exceeding expectations. The company's CEO expressed optimism about the future, citing a robust pipeline of projects and a solid financial position.

Aker BP ASA, a Norwegian oil and gas producer, has reported its Q2 2025 results, showcasing strong operational performance and significant growth in both exploration and production. The company’s CEO, Karl Johnny Hersvik, highlighted the quarter’s achievements, emphasizing the momentum across the portfolio.

The second quarter of 2025 saw Aker BP deliver high production efficiency, low costs, and industry-leading low emissions intensity. Oil and gas production averaged 415 mboepd (441 mboepd in Q1), despite planned maintenance activities. The full-year production guidance has been revised upwards to 400-420 mboepd [1].

Production costs amounted to USD 7.3 per boe (USD 6.5 in Q1), demonstrating Aker BP’s cost leadership position. The company’s greenhouse gas emission intensity remained at 2.8 kg CO2e per boe, positioning it as a global leader in low-emission oil and gas production [1].

Aker BP’s field development projects are progressing on schedule, with investment estimates revised upwards by approximately six percent to reflect updated assumptions for inflation, labor costs, and currency effects. Notably, a new oil discovery was confirmed in the ongoing Omega Alfa well in the Yggdrasil area [1].

The company’s financial results were robust, with total income of USD 2.6 billion (USD 3.2 billion in Q1) and cash flow from operations of USD 1.2 billion (USD 2.1 billion in Q1). Dividends of USD 0.63 per share were paid in the quarter, on track to deliver USD 2.52 per share for the full year [1].

Karl Johnny Hersvik expressed optimism about the future, citing a robust pipeline of projects and a solid financial position. The CEO noted that the company’s field development portfolio is progressing according to plan, with several projects even moving ahead of schedule. Final investment decisions on Johan Sverdrup Phase 3 and East Frigg were made this quarter, further demonstrating Aker BP’s ability to turn strategy into action [1].

Despite facing lower production and higher costs in Q2 2025, Aker BP maintained its dividend at USD 0.63 per share, underscoring its commitment to shareholder returns. The company’s balance sheet showed total available liquidity of USD 6.0 billion, down from USD 7.7 billion in Q1, and its leverage ratio increased to 0.43 from 0.29 [2].

Looking ahead, Aker BP reaffirmed its strategy to maintain production above 500 mboepd into the 2030s through a combination of base production optimization, ongoing and planned projects, and exploration. The company continues to target dividend growth of at least 5% annually [2].

References:
[1] https://akerbp.com/en/borsmelding/aker-bp-reports-second-quarter-2025-results-2/
[2] https://www.investing.com/news/company-news/aker-bp-q2-2025-slides-production-dips-as-costs-rise-company-swings-to-loss-93CH-4134607