|Bid||711.50 x 0|
|Ask||747.50 x 0|
|Day's range||720.00 - 731.50|
|52-week range||667.50 - 916.50|
|Beta (5Y monthly)||1.53|
|PE ratio (TTM)||3.09|
|Forward dividend & yield||29.00 (3.96%)|
|Ex-dividend date||08 Nov 2022|
|1y target est||963.33|
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.
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.