Norway's Aker BP Q4 revenue beats analyst expectations

Aker BP ASA

11/02/2026 05:32

Overview

Norwegian oil and gas firm's Q4 revenue of $2.6 bln beat analyst expectations

Net production averaged 411 mboepd with 96% production efficiency

Company paid a dividend of $0.63 per share for the quarter

Outlook

Aker BP expects 2026 production between 370-400 mboepd

Company projects 2026 capital expenditures at USD 6.2-6.7 bln

Aker BP plans 5% dividend increase to USD 0.6615 per share per quarter

Result Drivers

HIGH PRODUCTION EFFICIENCY - Aker BP reported 96% production efficiency, contributing to stable net production of 411 mboepd

EXPLORATION SUCCESS - The Lofn-Langemann discovery capped a successful exploration year, with over 100 million barrels discovered

PROJECT PROGRESS - Major field development projects, including Johan Sverdrup, advanced according to plan, achieving key milestones

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$2.6 bln
$2.48 bln (8 Analysts)
Q4 Capex
$2 bln
Q4 Dividend
$0.63


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 10 "hold" and 7 "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy."

Wall Street's median 12-month price target for Aker BP ASA is NOK265.00, about 0.6% above its February 10 closing price of NOK263.30

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nWkrxVfsR

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)