Aker BP first quarter 2018 results
Aker BP (OSE:AKERBP) reported total income of USD 890 million and operating profit of USD 472 million for the first quarter 2018. Net profit was USD 161 million and earnings per share were USD 0.45. The company paid a dividend of USD 0.3124 (NOK 2.40) per share in the quarter. Record high production Total income increased to USD 890 million driven by record high production of 158.6 thousand barrels of oil equivalents per day (“mboepd”) and higher oil prices. Production volumes increased primarily due to the acquisition of Hess Norge in late December 2017. Production costs amounted to