Aker BP Q1 beats forecast on record output, lower cost

Aker ASA

24/04/2024 05:38

OSLO, April 24 (Reuters) - Norwegian independent oil
company Aker BP  AKRBP.OL  on Wednesday posted a
higher-than-expected net profit for the first quarter as
production hit a record while costs fell.
    The company, partly owned by BP  BP.L , reported a net
profit of $531 million for January-March, up from $187 million a
year earlier, beating a $470 million forecast in a
company-compiled poll of analysts.

 (Reporting by Nerijus Adomaitis, editing by Terje Solsvik)
 ((nerijus.adomaitis@thomsonreuters.com; +47 9027 6699; Reuters
Messaging: nerijus.adomaitis.thomsonreuters@reuters.net))