AKERBP: Publication of 2018 reports

Aker BP ASA today, 18 March 2019, made public the electronic version of the Annual Report, the Annual Statement of Reserves and the Sustainability Report for 2018.

“2018 was a fantastic year. We are very pleased with the year’s financial results, which show a net profit of USD 476 million - an increase of 73 per cent. Through excellent project execution, a strong cash flow from our existing portfolio and a solid balance sheet, we have built a foundation for Aker BP’s further growth. This strength allows us to increase our dividend payment objectives. The Board of Directors has proposed a 2019 dividend distribution totalling USD 750 million, up from USD 450 million in 2018, and indicated its ambition to raise dividend payouts through to 2023 by USD 100 million per year,” says CEO Karl Johnny Hersvik.

Read the reports here:

Aker BP Annual Report 2018

Aker BP Sustainability Report 2018

Aker BP Annual Statement of Reserves 2018

Investor contact:
Kjetil Bakken, VP Investor Relations, tel.: +47 91 889 889

Media contact: 
Tore Langballe, VP Communications, tel.: +47 907 77 841
Ole-Johan Faret, Press Spokesman, tel.: +47 402 24 217

About Aker BP:
Aker BP is a fully-fledged E&P company with exploration, development and production activities on the Norwegian Continental Shelf. Aker BP is the operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The company is also a partner in the Johan Sverdrup field. Aker BP is headquartered at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker ‘AKERBP’. More about Aker BP at www.akerbp.com.

This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

About Us

Aker BP is a fully-fledged E&P company with exploration, development and production activities on the Norwegian Continental Shelf (NCS). Measured in production, Aker BP is one of the largest independent oil companies in Europe. Aker BP is listed on Oslo Stock Exchange with ticker 'AKERBP'. More about Aker BP at www.akerbp.com/en/.