|Bid||731.50 x 0|
|Ask||769.00 x 0|
|Day's range||748.57 - 748.57|
|52-week range||667.50 - 916.50|
|Beta (5Y monthly)||1.65|
|PE ratio (TTM)||3.20|
|Forward dividend & yield||29.00 (3.81%)|
|Ex-dividend date||08 Nov 2022|
|1y target est||963.33|
Norway's giant Johan Sverdrup oilfield is expected to start Phase 2 production in early December, Aker BP, a partner in the Equinor-operated field, said on Wednesday, later than its previous forecast of October. Phase 2 is expected to increase the field's production capacity by 220,000 barrels of oil equivalent per day (boed) just as the European Union's ban on Russian seaborne crude imports comes into an effect in December. Aker BP revised its oil and gas production guidance to 410,000-420,000 boed from 410,000-435,000 boepd in its quarterly earnings report released on Wednesday.
Aker BP plans to drill up to 15 exploration wells next year, including in the Arctic Barents Sea, Aker BP Chief Executive Karl Johnny Hersvik said on Monday. "Our plan is to drill somewhere in the range of 12-15 wells and I'm assuming we will have the same level going forward," he told Reuters on the sidelines of an energy conference. Aker BP also plans to drill at least one well and possibly more near the Arctic Wisting discovery, as a result of the company's acquisition of the oil business of Sweden's Lundin Energy.
OSLO (Reuters) -Norwegian oil company Aker BP posted upbeat second-quarter results on Wednesday and said it will raise its dividend payments in the second half of the year, as it continued to benefit from high oil and gas prices due to the war in Ukraine. Last month, Aker BP closed its deal to acquire Norwegian assets of Sweden's Lundin Energy in a cash-and-stock deal, making it the second-largest listed oil firm in Norway after state-controlled Equinor. "High oil and gas prices have contributed to strong cash flow, allowing us to complete the Lundin transaction without adding new debt while our credit ratings have been upgraded," Chief Executive Officer Karl Johnny Hersvik said in a statement.