Aker BP's third-quarter profit jumps 50%, key projects on track to start in 2027
Aker BP's third-quarter profit jumps 50%, key projects on track to start in 2027 OSLO, Oct 29 (Reuters) - Norwegian oil firm Aker BP AKRBP.OL on Thursday reported a 50% rise year-on-year in third-quarter profit as Middle East supply disruptions boosted prices for North Sea oil and gas.
Aker BP's earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to $3.4 billion in July-September from $2.26 billion a year earlier
Analysts in a company-compiled consensus had expected EBITDA of $3.42 billion
The company kept its full-year 2026 production guidance at 380,000-400,000 barrels of oil equivalent per day (boed), but increased its production cost guidance to around $8.5 from around $8 per barrel
Its two largest projects off Norway, Yggdrasil and Valhall-Fenris, were progressing as planned and on track for first production next summer, Aker BP said
The company kept its quarterly dividend unchanged at $0.6615 a share
(Reporting by Nerijus Adomaitis, editing by Terje Solsvik)
((nerijus.adomaitis@thomsonreuters.com; +47 9027 6699; Reuters Messaging: nerijus.adomaitis.thomsonreuters@reuters.net))