DNB Carnegie ups Aker BP on higher production, FCF

Aker BP ASA

13/01/2026 07:44

** DNB Carnegie ups Aker BP AKRBP.OL to "buy" from "hold", saying it expects increased investor enthusiasm as the company moves from capex to production growth and free cash flow expansion

** Broker notes Aker BP is approaching the end of its "heavy" investment and is ready to harvest

** It notes that projects adding about 800 million barrels of oil equivalent (mmboe) of reserves and about 280,000 barrels of oil equivalent per day (kboe/d) are set to start within the next 18 months

** DNB forecasts $2.6 billion average free cash flow for 2027-2028 and expects dividend per share to rise to about $2.90 in 2028

 (Reporting by Vera Dvorakova)

 ((vera.dvorakova@thomsonreuters.com))