Aker BP Reports Q1 2025 Results, Affirms Dividend Growth

Aker BP reported a mixed first quarter in 2025 with a decline in net profit to $316 million due to lower oil and gas production and higher expenses, despite a slight increase in total income to $3.20 billion. The company maintained its full-year production guidance of 390-420 thousand barrels of oil equivalent per day and affirmed its commitment to a 5% increase in quarterly dividends for the year, targeting $2.52 per share annually. Operationally, Aker BP achieved high production efficiency, low emissions, and progressed well on its field development projects, supported by two new discoveries that enhance its future development pipeline. The company highlighted its strong cash flow and robust balance sheet as key strengths in managing market volatility and sustaining dividend resilience. CEO Karl Johnny Hersvik emphasized the company's focus on safe, reliable, and low-emission operations, with expectations for substantial production growth beginning in 2027. These results and strategic developments underscore Aker BP's solid positioning in the Norwegian oil and gas sector despite short-term profit pressures.