|Bid||0.00 x 0|
|Ask||670.00 x 0|
|Day's range||654.00 - 660.00|
|52-week range||576.50 - 805.50|
|Beta (5Y monthly)||1.46|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||30.00 (4.39%)|
|Ex-dividend date||24 Apr 2023|
|1y target est||906.25|
Norwegian independent oil company Aker BP will boost its annual dividend by 10%, the company said on Friday after reporting its fourth-quarter operating profit surged to $2.2 billion from $1.2 billion a year earlier. Norway's second-largest listed oil company, partly owned by BP, said it would pay $2.2 per share this year, or $0.55 quarterly, up from $2.0 in 2022. Last June, the company completed the acquisition of Norwegian upstream assets, including a 20% stake in the Johan Sverdrup oilfield, from Sweden's Lundin Energy.
Norwegian oil and gas group Aker BP will use exploration, mergers and acquisitions to rebuild its base of untapped resources after Friday's record investment decision, the company's chief executive told Reuters. Aker BP and its partners announced plans to invest more than 200 billion Norwegian crowns ($20.3 billion) in 11 oil and gas projects off Norway in the coming years, putting a large portion of the company's resource base on track for production.
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.